Uniting Wealth Partners LLC Makes New Investment in The Coca-Cola Company (NYSE:KO)

Uniting Wealth Partners LLC purchased a new stake in The Coca-Cola Company (NYSE:KO) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 33,116 shares of the company’s stock, valued at approximately $2,062,000. Coca-Cola accounts for 1.0% of Uniting Wealth Partners LLC’s portfolio, making the stock its 14th biggest holding.

Other large investors have also recently made changes to their positions in the company. Crowley Wealth Management Inc. purchased a new stake in Coca-Cola in the fourth quarter valued at about $27,000. Mainstream Capital Management LLC acquired a new position in shares of Coca-Cola during the fourth quarter valued at about $31,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Coca-Cola in the 4th quarter valued at approximately $38,000. Retirement Wealth Solutions LLC acquired a new stake in Coca-Cola in the 4th quarter worth approximately $37,000. Finally, Hoey Investments Inc. grew its position in Coca-Cola by 41.9% during the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock worth $38,000 after purchasing an additional 181 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Henrique Braun sold 25,277 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the completion of the sale, the chief operating officer now owns 52,466 shares in the company, valued at $3,749,745.02. This represents a 32.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nikolaos Koumettis sold 55,500 shares of Coca-Cola stock in a transaction on Friday, March 7th. The shares were sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the completion of the transaction, the insider now owns 246,909 shares in the company, valued at approximately $17,533,008.09. This represents a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 313,423 shares of company stock worth $22,263,071 in the last quarter. 0.97% of the stock is owned by insiders.

Coca-Cola Price Performance

Shares of KO opened at $71.46 on Thursday. The firm’s 50 day moving average price is $68.33 and its 200 day moving average price is $66.42. The company has a market cap of $307.53 billion, a P/E ratio of 28.93, a PEG ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. On average, research analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.85%. Coca-Cola’s dividend payout ratio is 82.59%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and increased their price objective for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Wells Fargo & Company lifted their target price on Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. DZ Bank upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.24.

Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.