Iron Horse Wealth Management LLC Decreases Stock Position in The Coca-Cola Company (NYSE:KO)

Iron Horse Wealth Management LLC reduced its holdings in shares of The Coca-Cola Company (NYSE:KO) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,721 shares of the company’s stock after selling 185 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in Coca-Cola were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. ZRC Wealth Management LLC lifted its position in Coca-Cola by 213.3% during 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 in the last quarter. Tidemark LLC purchased a new position in Coca-Cola during the fourth quarter valued at approximately $26,000. Private Wealth Management Group LLC bought a new stake in shares of Coca-Cola during the 4th quarter valued at $27,000. Criterion Capital Advisors LLC purchased a new position in shares of Coca-Cola during the 4th quarter valued at $30,000. Finally, Frazier Financial Advisors LLC bought a new position in Coca-Cola in the 4th quarter worth $31,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at $14,168,055.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total value of $1,224,645.76. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at $14,168,055.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Monica Howard Douglas sold 8,874 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $63.31, for a total value of $561,812.94. Following the transaction, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 223,665 shares of company stock valued at $13,995,465. Company insiders own 0.97% of the company’s stock.

Coca-Cola Trading Down 0.4 %

KO stock traded down $0.26 during mid-day trading on Friday, reaching $63.65. The company had a trading volume of 17,358,827 shares, compared to its average volume of 11,241,235. The firm has a 50 day moving average of $62.72 and a 200 day moving average of $60.78. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.36. The company has a market capitalization of $274.20 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.01 billion. During the same period last year, the business posted $0.68 EPS. Coca-Cola’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s payout ratio is 77.60%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Evercore ISI boosted their price objective on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Argus boosted their price target on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. UBS Group increased their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley boosted their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. Finally, BNP Paribas started coverage on shares of Coca-Cola in a research note on Monday, June 24th. They set an “outperform” rating and a $72.00 target price for the company. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.83.

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.