Exencial Wealth Advisors LLC Decreases Position in The Coca-Cola Company (NYSE:KO)

Exencial Wealth Advisors LLC lowered its stake in shares of The Coca-Cola Company (NYSE:KO – Get Rating) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,174 shares of the company’s stock after selling 17,481 shares during the period. Exencial Wealth Advisors LLC’s holdings in Coca-Cola were worth $8,537,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fortis Advisors LLC purchased a new stake in shares of Coca-Cola during the 3rd quarter worth approximately $25,000. Curi Wealth Management LLC purchased a new stake in shares of Coca-Cola during the 4th quarter worth approximately $25,000. Shore Point Advisors LLC purchased a new stake in shares of Coca-Cola during the 4th quarter worth approximately $28,000. Horan Securities Inc. purchased a new stake in shares of Coca-Cola during the 4th quarter worth approximately $32,000. Finally, Leverty Financial Group LLC purchased a new position in Coca-Cola in the 4th quarter valued at approximately $35,000. Institutional investors own 68.51% of the company’s stock.

In other Coca-Cola news, insider Nikolaos Koumettis sold 153,466 shares of the business’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $65.03, for a total value of $9,979,893.98. Following the completion of the sale, the insider now directly owns 136,513 shares of the company’s stock, valued at $8,877,440.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Murphy sold 154,080 shares of the business’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of $62.29, for a total transaction of $9,597,643.20. The disclosure for this sale can be found here. Insiders sold 667,137 shares of company stock valued at $42,579,677 over the last three months. 0.98% of the stock is currently owned by insiders.

A number of research analysts recently weighed in on KO shares. DZ Bank lowered shares of Coca-Cola from a “buy” rating to a “hold” rating and set a $69.00 price objective for the company. in a research note on Thursday, April 28th. HSBC lifted their price objective on shares of Coca-Cola from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, April 26th. Wells Fargo & Company lifted their price objective on shares of Coca-Cola from $67.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, February 11th. Cowen lifted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a research note on Tuesday, April 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, March 30th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Coca-Cola currently has a consensus rating of “Buy” and an average target price of $67.29.

Shares of NYSE KO traded up $1.21 during mid-day trading on Friday, reaching $65.72. 16,166,956 shares of the company were exchanged, compared to its average volume of 17,885,330. The Coca-Cola Company has a 52 week low of $52.28 and a 52 week high of $67.20. The company has a quick ratio of 0.98, a current ratio of 1.18 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $284.90 billion, a PE ratio of 27.61, a PEG ratio of 3.74 and a beta of 0.58. The company’s 50 day moving average price is $62.87 and its 200 day moving average price is $60.13.

Coca-Cola (NYSE:KO – Get Rating) last posted its quarterly earnings data on Monday, April 25th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. Coca-Cola had a net margin of 25.69% and a return on equity of 41.84%. The company had revenue of $10.50 billion during the quarter, compared to the consensus estimate of $9.83 billion. During the same period in the previous year, the firm posted $0.55 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. On average, sell-side analysts predict that The Coca-Cola Company will post 2.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.68%. The ex-dividend date is Tuesday, June 14th. Coca-Cola’s dividend payout ratio is presently 73.95%.

Coca-Cola Profile (Get Rating)

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

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