Alliance Wealth Advisors LLC UT Sells 703 Shares of The Coca-Cola Company (NYSE:KO)

Alliance Wealth Advisors LLC UT cut its holdings in shares of The Coca-Cola Company (NYSE:KO) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,203 shares of the company’s stock after selling 703 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Coca-Cola were worth $660,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of KO. Russell Investments Group Ltd. boosted its position in Coca-Cola by 2.0% in the 4th quarter. Russell Investments Group Ltd. now owns 3,048,896 shares of the company’s stock valued at $179,632,000 after buying an additional 58,684 shares during the last quarter. Cedar Point Capital Partners LLC bought a new position in Coca-Cola in the 4th quarter valued at $273,000. Valmark Advisers Inc. boosted its position in Coca-Cola by 98.6% in the 4th quarter. Valmark Advisers Inc. now owns 37,060 shares of the company’s stock valued at $2,184,000 after buying an additional 18,402 shares during the last quarter. Headlands Technologies LLC bought a new position in Coca-Cola in the 4th quarter valued at $2,054,000. Finally, Cornerstone Capital Inc. boosted its position in Coca-Cola by 72.1% in the 4th quarter. Cornerstone Capital Inc. now owns 9,635 shares of the company’s stock valued at $568,000 after buying an additional 4,035 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coca-Cola

In other news, EVP Nancy Quan sold 57,368 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was 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 approximately $13,594,097.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Beatriz R. Perez sold 52,300 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was 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 approximately $8,602,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nancy Quan sold 57,368 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. Insiders have sold 375,407 shares of company stock valued at $22,795,742 in the last 90 days. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Price Performance

Coca-Cola stock remained flat at $61.74 during mid-day trading on Friday. The company had a trading volume of 10,994,262 shares, compared to its average volume of 12,842,353. The company has a fifty day moving average price of $60.12 and a 200 day moving average price of $58.82. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.69. The firm has a market capitalization of $266.17 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 3.53 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.

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

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.485 dividend. This is an increase 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 annualized dividend and a dividend yield of 3.14%. Coca-Cola’s dividend payout ratio (DPR) is currently 78.23%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup increased their price target on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. 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 research note on Friday, April 19th. Finally, Barclays increased their price target on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.22.

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.