Western Wealth Management LLC Invests $1.59 Million in The Coca-Cola Co (KO)

Western Wealth Management LLC bought a new position in shares of The Coca-Cola Co (NYSE:KO) in the fourth quarter, HoldingsChannel reports. The firm bought 33,520 shares of the company’s stock, valued at approximately $1,585,000.

Several other large investors also recently modified their holdings of the stock. Cetera Advisor Networks LLC lifted its position in The Coca-Cola by 16.0% during the fourth quarter. Cetera Advisor Networks LLC now owns 211,939 shares of the company’s stock valued at $10,026,000 after purchasing an additional 29,227 shares during the last quarter. National Pension Service raised its stake in shares of The Coca-Cola by 6.0% in the fourth quarter. National Pension Service now owns 3,640,534 shares of the company’s stock valued at $165,972,000 after acquiring an additional 207,294 shares during the period. Capital Financial Planning LLC purchased a new stake in shares of The Coca-Cola in the fourth quarter valued at $193,000. M Holdings Securities Inc. raised its stake in shares of The Coca-Cola by 0.7% in the fourth quarter. M Holdings Securities Inc. now owns 52,632 shares of the company’s stock valued at $2,492,000 after acquiring an additional 373 shares during the period. Finally, Hancock Whitney Corp raised its stake in shares of The Coca-Cola by 154.7% in the fourth quarter. Hancock Whitney Corp now owns 178,418 shares of the company’s stock valued at $8,449,000 after acquiring an additional 108,363 shares during the period. Hedge funds and other institutional investors own 67.86% of the company’s stock.

KO has been the topic of several recent analyst reports. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, January 8th. Royal Bank of Canada reissued a “buy” rating and issued a $56.00 target price on shares of The Coca-Cola in a research note on Wednesday, February 13th. Deutsche Bank reissued a “buy” rating and issued a $53.00 target price on shares of The Coca-Cola in a research note on Thursday, April 18th. Morgan Stanley increased their target price on shares of The Coca-Cola from $48.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Finally, HSBC downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating and reduced their target price for the company from $64.00 to $50.00 in a research note on Tuesday, March 12th. They noted that the move was a valuation call. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The Coca-Cola currently has a consensus rating of “Hold” and a consensus price target of $50.80.

NYSE:KO opened at $48.26 on Monday. The Coca-Cola Co has a fifty-two week low of $41.45 and a fifty-two week high of $50.84. The stock has a market capitalization of $205.87 billion, a PE ratio of 23.20, a PEG ratio of 3.25 and a beta of 0.52. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 1.48.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The business had revenue of $8 billion for the quarter, compared to analysts’ expectations of $7.89 billion. During the same period last year, the business earned $0.47 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts forecast that The Coca-Cola Co will post 2.1 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, June 13th. The Coca-Cola’s dividend payout ratio is currently 76.92%.

In related news, SVP Beatriz R. Perez sold 10,000 shares of The Coca-Cola stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $48.50, for a total value of $485,000.00. Following the completion of the sale, the senior vice president now directly owns 92,645 shares in the company, valued at approximately $4,493,282.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Beatriz R. Perez sold 21,742 shares of The Coca-Cola stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the completion of the sale, the insider now owns 92,645 shares of the company’s stock, valued at $4,517,370.20. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

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The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

See Also: Short Selling

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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