Wynn Capital LLC Raises Stock Holdings in The Coca-Cola Company (NYSE:KO)

Wynn Capital LLC boosted its holdings in The Coca-Cola Company (NYSE:KO) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,810 shares of the company’s stock after purchasing an additional 470 shares during the period. Wynn Capital LLC’s holdings in Coca-Cola were worth $1,358,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wallace Advisory Group LLC increased its stake in shares of Coca-Cola by 2.3% during the 4th quarter. Wallace Advisory Group LLC now owns 7,513 shares of the company’s stock worth $468,000 after purchasing an additional 172 shares during the last quarter. Arbor Wealth Advisors LLC increased its position in Coca-Cola by 11.0% in the fourth quarter. Arbor Wealth Advisors LLC now owns 8,265 shares of the company’s stock worth $515,000 after buying an additional 818 shares during the last quarter. Ayrshire Capital Management LLC purchased a new stake in Coca-Cola in the fourth quarter worth $315,000. Johnson & White Wealth Management LLC purchased a new position in shares of Coca-Cola during the 4th quarter valued at $866,000. Finally, Greenfield Savings Bank grew its stake in shares of Coca-Cola by 6.6% during the 4th quarter. Greenfield Savings Bank now owns 19,742 shares of the company’s stock worth $1,229,000 after acquiring an additional 1,225 shares during the period. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Barclays lowered their price objective on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Wells Fargo & Company reduced 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 7th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, January 8th. Finally, Piper Sandler began coverage on Coca-Cola in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $74.00 price target for the company. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average price target of $72.60.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.97% of the stock is owned by insiders.

Coca-Cola Price Performance

KO stock opened at $61.98 on Wednesday. The firm has a 50 day simple moving average of $62.78 and a two-hundred day simple moving average of $66.47. The stock has a market cap of $267.00 billion, a PE ratio of 25.61, a P/E/G ratio of 3.83 and a beta of 0.61. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The company had revenue of $11.85 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.485 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 3.13%. Coca-Cola’s payout ratio is 80.17%.

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.