Consilio Wealth Advisors LLC Acquires New Holdings in The Coca-Cola Company (NYSE:KO)

Consilio Wealth Advisors LLC bought a new position in shares of The Coca-Cola Company (NYSE:KO) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,290 shares of the company’s stock, valued at approximately $201,000.

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

Coca-Cola Stock Down 0.6 %

NYSE:KO traded down $0.37 during trading hours on Monday, reaching $63.28. The company had a trading volume of 10,016,643 shares, compared to its average volume of 13,101,016. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The firm has a market cap of $272.61 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 3.60 and a beta of 0.59. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.36. The business’s 50-day simple moving average is $62.72 and its two-hundred day simple moving average is $60.78.

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

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s dividend payout ratio is 77.60%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was 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 of the company’s stock, valued at $14,168,055.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at $14,168,055.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nikolaos Koumettis sold 80,891 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the sale, the insider now directly owns 218,880 shares in the company, valued at approximately $13,644,979.20. The disclosure for this sale can be found here. Insiders have sold a total of 223,665 shares of company stock worth $13,995,465 over the last three months. 0.97% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KO has been the topic of several analyst reports. Evercore ISI boosted their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Argus lifted their price objective on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. increased their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Morgan Stanley boosted their price target on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Coca-Cola has an average 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.