Dominguez Wealth Management Solutions Inc. Sells 467 Shares of The Coca-Cola Company (NYSE:KO)

Dominguez Wealth Management Solutions Inc. trimmed its position in The Coca-Cola Company (NYSE:KO) by 4.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 9,809 shares of the company’s stock after selling 467 shares during the period. Dominguez Wealth Management Solutions Inc.’s holdings in Coca-Cola were worth $600,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. ZRC Wealth Management LLC boosted its stake in Coca-Cola by 213.3% in the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares during the last quarter. Tidemark LLC purchased a new stake in shares of Coca-Cola during the 4th quarter valued at approximately $26,000. Private Wealth Management Group LLC purchased a new stake in shares of Coca-Cola during the 4th quarter valued at approximately $27,000. Criterion Capital Advisors LLC purchased a new stake in shares of Coca-Cola during the 4th quarter valued at approximately $30,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Coca-Cola during the 4th quarter valued at approximately $31,000. 70.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. UBS Group upped their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Argus increased their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Morgan Stanley increased their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. increased their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, BNP Paribas began coverage on shares of Coca-Cola in a research note on Monday, June 24th. They issued an “outperform” rating and a $72.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.83.

Coca-Cola Trading Down 0.6 %

KO traded down $0.37 during trading on Monday, hitting $63.28. 10,016,643 shares of the stock traded hands, compared to its average volume of 13,101,016. The firm has a market capitalization of $272.61 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The firm has a 50-day moving average of $62.72 and a 200 day moving average of $60.78. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.36.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping 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 analysts’ expectations of $11.01 billion. During the same period last year, the company posted $0.68 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a $0.485 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.07%. Coca-Cola’s dividend payout ratio is 77.60%.

Insider Transactions at Coca-Cola

In related news, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the transaction, the insider now directly owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the transaction, the insider now directly owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Beatriz R. Perez sold 57,298 shares of Coca-Cola stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now directly owns 167,107 shares of the company’s stock, valued at $10,358,962.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 223,665 shares of company stock valued at $13,995,465. 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.