3,434 Shares in The Coca-Cola Company (NYSE:KO) Acquired by ACT Wealth Management LLC

ACT Wealth Management LLC acquired a new position in The Coca-Cola Company (NYSE:KO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,434 shares of the company’s stock, valued at approximately $202,000.

A number of other large investors also recently bought and sold shares of the business. Hibernia Wealth Partners LLC acquired a new position in shares of Coca-Cola during the third quarter worth $25,000. Freedom Wealth Alliance LLC purchased a new stake in Coca-Cola in the fourth quarter valued at $25,000. ZRC Wealth Management LLC boosted its holdings in Coca-Cola by 213.3% in the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the last quarter. Fortis Capital Advisors LLC purchased a new stake in Coca-Cola in the fourth quarter valued at $30,000. Finally, KB Financial Partners LLC purchased a new stake in shares of Coca-Cola during the 1st quarter worth about $31,000. Institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other news, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $59.41, for a total value of $1,102,114.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Coca-Cola news, CEO James Quincey sold 247,188 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 375,407 shares of company stock worth $22,795,742. 0.97% of the stock is owned by company insiders.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $60.97 on Thursday. The company has a 50-day simple moving average of $60.04 and a 200-day simple moving average of $58.30. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.99. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a market capitalization of $262.85 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 3.43 and a beta of 0.59.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $10.80 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. On average, analysts predict that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a dividend of $0.485 per share. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, March 14th. Coca-Cola’s dividend payout ratio is presently 78.23%.

Wall Street Analyst Weigh In

KO has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Barclays increased their price target on shares of Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Finally, Citigroup boosted their target price on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and an average price target of $67.00.

Coca-Cola Company 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.