Wynn Capital LLC Takes $1.20 Million Position in The Coca-Cola Company (NYSE:KO)

Wynn Capital LLC purchased a new stake in The Coca-Cola Company (NYSE:KO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,322 shares of the company’s stock, valued at approximately $1,198,000.

Several other large investors have also modified their holdings of KO. Impact Partnership Wealth LLC raised its stake in shares of Coca-Cola by 213.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 2,554 shares of the company’s stock worth $143,000 after acquiring an additional 1,740 shares in the last quarter. KFG Wealth Management LLC raised its stake in shares of Coca-Cola by 6.9% during the 3rd quarter. KFG Wealth Management LLC now owns 4,521 shares of the company’s stock worth $253,000 after acquiring an additional 291 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Coca-Cola by 1.1% during the 3rd quarter. Private Trust Co. NA now owns 40,461 shares of the company’s stock worth $2,265,000 after acquiring an additional 435 shares in the last quarter. Avity Investment Management Inc. raised its stake in shares of Coca-Cola by 14.0% during the 3rd quarter. Avity Investment Management Inc. now owns 50,059 shares of the company’s stock worth $2,802,000 after acquiring an additional 6,166 shares in the last quarter. Finally, Kessler Investment Group LLC raised its stake in shares of Coca-Cola by 24.8% during the 3rd quarter. Kessler Investment Group LLC now owns 3,467 shares of the company’s stock worth $194,000 after acquiring an additional 689 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Performance

Shares of KO stock traded up $0.91 during trading hours on Wednesday, hitting $61.55. The company’s stock had a trading volume of 19,515,863 shares, compared to its average volume of 13,970,263. The company has a 50 day moving average of $59.98 and a 200 day moving average of $58.72. The stock has a market cap of $265.35 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 3.46 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 12-month low of $51.55 and a 12-month high of $64.69.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, beating 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 business had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts forecast 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 paid a $0.485 dividend. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Thursday, March 14th. Coca-Cola’s payout ratio is currently 78.23%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KO. Citigroup boosted their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Barclays boosted their target price on shares of Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.09.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 247,188 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $26,968,753.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $3,138,000.00. Following the completion of the transaction, the executive vice president now directly owns 143,383 shares in the company, valued at $8,602,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock worth $22,795,742 in the last three months. Company insiders own 0.97% of the company’s stock.

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.