Bordeaux Wealth Advisors LLC Grows Stake in The Coca-Cola Company (NYSE:KO)

Bordeaux Wealth Advisors LLC raised its position in shares of The Coca-Cola Company (NYSE:KO) by 5.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,368 shares of the company’s stock after purchasing an additional 354 shares during the quarter. Bordeaux Wealth Advisors LLC’s holdings in Coca-Cola were worth $434,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Enterprise Bank & Trust Co raised its position in Coca-Cola by 3.4% during the 4th quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock valued at $296,000 after purchasing an additional 167 shares in the last quarter. Elk River Wealth Management LLC increased its stake in shares of Coca-Cola by 1.6% during the fourth quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock valued at $639,000 after buying an additional 170 shares during the period. KRS Capital Management LLC raised its holdings in shares of Coca-Cola by 3.8% in the fourth quarter. KRS Capital Management LLC now owns 4,645 shares of the company’s stock valued at $274,000 after acquiring an additional 170 shares in the last quarter. Wayfinding Financial LLC lifted its stake in Coca-Cola by 1.8% in the fourth quarter. Wayfinding Financial LLC now owns 9,734 shares of the company’s stock worth $573,000 after acquiring an additional 175 shares during the period. Finally, John G Ullman & Associates Inc. grew its holdings in Coca-Cola by 2.2% during the 4th quarter. John G Ullman & Associates Inc. now owns 8,081 shares of the company’s stock worth $476,000 after acquiring an additional 175 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related 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 transaction of $3,491,990.16. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $13,594,097.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruno Pietracci sold 18,551 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. Insiders sold 323,107 shares of company stock worth $19,657,742 in the last 90 days. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 0.3 %

Coca-Cola stock traded up $0.18 during midday trading on Friday, reaching $62.18. The company’s stock had a trading volume of 11,627,983 shares, compared to its average volume of 14,021,238. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.25. The stock has a market capitalization of $268.05 billion, a P/E ratio of 24.87, a PEG ratio of 3.54 and a beta of 0.57. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.95. The stock’s 50-day simple moving average is $60.22 and its 200-day simple moving average is $59.06.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The firm had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same period last year, the firm posted $0.68 EPS. Coca-Cola’s revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s payout ratio is 77.60%.

Analyst Upgrades and Downgrades

KO has been the subject of several research reports. UBS Group upped their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore ISI upped their target price on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays upped their price objective on Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, 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 report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $68.27.

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.