Salvus Wealth Management LLC Grows Position in The Coca-Cola Company (NYSE:KO)

Salvus Wealth Management LLC raised its holdings in shares of The Coca-Cola Company (NYSE:KO) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,005 shares of the company’s stock after purchasing an additional 315 shares during the quarter. Salvus Wealth Management LLC’s holdings in Coca-Cola were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in Coca-Cola by 1.0% during the second quarter. State Street Corp now owns 171,246,926 shares of the company’s stock valued at $10,390,407,000 after purchasing an additional 1,628,772 shares during the period. Morgan Stanley increased its position in Coca-Cola by 2.5% during the third quarter. Morgan Stanley now owns 80,448,083 shares of the company’s stock valued at $4,503,484,000 after acquiring an additional 1,950,146 shares during the last quarter. Geode Capital Management LLC increased its position in Coca-Cola by 2.8% during the second quarter. Geode Capital Management LLC now owns 79,165,884 shares of the company’s stock valued at $4,754,907,000 after acquiring an additional 2,183,864 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Coca-Cola by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 63,138,970 shares of the company’s stock valued at $3,501,789,000 after acquiring an additional 2,464,618 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in Coca-Cola by 103,297.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock valued at $3,672,479,000 after acquiring an additional 57,678,466 shares during the last quarter. Institutional investors own 68.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Coca-Cola Stock Down 1.0 %

Shares of KO traded down $0.62 during midday trading on Friday, reaching $59.88. 36,849,077 shares of the stock were exchanged, compared to its average volume of 14,275,774. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.99. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $59.99 and its two-hundred day moving average is $58.26. The company has a market capitalization of $258.23 billion, a P/E ratio of 24.15, a PEG ratio of 3.47 and a beta of 0.59.

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

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.24%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, March 14th. Coca-Cola’s payout ratio is presently 78.23%.

Insider Transactions at Coca-Cola

In related news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO James Quincey sold 92,028 shares of Coca-Cola stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $59.06, for a total value of $5,435,173.68. Following the completion of the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $26,136,766.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The disclosure for this sale can be found here. In the last three months, insiders sold 467,435 shares of company stock valued at $28,230,915. Corporate insiders own 1.00% of the company’s stock.

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.