The Coca-Cola Company (NYSE:KO) Shares Sold by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC lessened its holdings in The Coca-Cola Company (NYSE:KO) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,299 shares of the company’s stock after selling 1,000 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Coca-Cola were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Cedar Point Capital Partners LLC acquired a new position in Coca-Cola during the 4th quarter worth about $273,000. Valmark Advisers Inc. increased its holdings in Coca-Cola by 98.6% during the 4th quarter. Valmark Advisers Inc. now owns 37,060 shares of the company’s stock worth $2,184,000 after purchasing an additional 18,402 shares during the period. Headlands Technologies LLC purchased a new stake in Coca-Cola during the 4th quarter worth about $2,054,000. Cornerstone Capital Inc. increased its holdings in Coca-Cola by 72.1% during the 4th quarter. Cornerstone Capital Inc. now owns 9,635 shares of the company’s stock worth $568,000 after purchasing an additional 4,035 shares during the period. Finally, Raab & Moskowitz Asset Management LLC increased its holdings in Coca-Cola by 5.3% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 42,728 shares of the company’s stock worth $2,518,000 after purchasing an additional 2,157 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Price Performance

Shares of KO remained flat at $61.74 during mid-day trading on Friday. The stock had a trading volume of 10,994,262 shares, compared to its average volume of 12,842,353. The firm has a market capitalization of $266.17 billion, a PE ratio of 24.90, a PEG ratio of 3.53 and a beta of 0.59. 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 Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.69. The firm’s 50-day moving average price is $60.12 and its 200 day moving average price is $58.82.

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

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a $0.485 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.14%. Coca-Cola’s dividend payout ratio is 78.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KO shares. Citigroup upped their price target on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Barclays upped their price target on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. cut their price target on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $67.22.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 247,188 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the sale, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Quincey sold 247,188 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total value of $15,063,636.72. Following the completion of the sale, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 375,407 shares of company stock valued at $22,795,742. 0.97% of the stock is owned by company insiders.

About Coca-Cola

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.