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

Kiley Juergens Wealth Management LLC raised its stake in shares of The Coca-Cola Company (NYSE:KO) by 4.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 12,026 shares of the company’s stock after buying an additional 548 shares during the period. Kiley Juergens Wealth Management LLC’s holdings in Coca-Cola were worth $709,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Hibernia Wealth Partners LLC acquired a new stake in shares of Coca-Cola during the 3rd quarter valued at about $25,000. Freedom Wealth Alliance LLC acquired a new stake in shares of Coca-Cola during the 4th quarter valued at about $25,000. ZRC Wealth Management LLC boosted its holdings in Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the last quarter. Fortis Capital Advisors LLC acquired a new stake in Coca-Cola in the 4th quarter worth about $30,000. Finally, KB Financial Partners LLC acquired a new stake in Coca-Cola in the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Price Performance

Shares of Coca-Cola stock traded down $0.08 on Tuesday, hitting $58.06. 11,231,515 shares of the company were exchanged, compared to its average volume of 13,817,294. The stock has a market capitalization of $250.31 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 3.31 and a beta of 0.59. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The company has a 50-day moving average price of $60.01 and a 200 day moving average price of $58.51. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.99.

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

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.485 dividend. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.34%. Coca-Cola’s payout ratio is presently 78.23%.

Insiders Place Their Bets

In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total value of $3,491,990.16. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at $13,594,097.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the transaction, the executive vice president now owns 143,383 shares in the company, valued at $8,602,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock worth $22,795,742 over the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KO shares. JPMorgan Chase & Co. lifted their price objective on Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Citigroup lifted their price objective on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Barclays lifted their price objective on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.18.

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.