WealthTrust Arizona LLC Holds Stake in The Coca-Cola Co (KO)

WealthTrust Arizona LLC maintained its stake in The Coca-Cola Co (NYSE:KO) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,785 shares of the company’s stock at the end of the first quarter. WealthTrust Arizona LLC’s holdings in The Coca-Cola were worth $161,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Portfolio Solutions LLC acquired a new position in The Coca-Cola during the first quarter worth about $108,000. Welch Investments LLC acquired a new position in The Coca-Cola during the fourth quarter worth about $115,000. Barnett & Company Inc. increased its position in The Coca-Cola by 27.7% in the third quarter. Barnett & Company Inc. now owns 2,837 shares of the company’s stock worth $120,000 after buying an additional 616 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in The Coca-Cola during the fourth quarter worth about $127,000. Finally, Cascade Investment Advisors Inc. acquired a new position in The Coca-Cola during the fourth quarter worth about $128,000. Institutional investors and hedge funds own 63.88% of the company’s stock.

Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

Shares of The Coca-Cola Co (NYSE:KO) opened at 45.99 on Tuesday. The stock’s 50 day moving average is $43.98 and its 200-day moving average is $42.28. The Coca-Cola Co has a 1-year low of $39.88 and a 1-year high of $46.01. The stock has a market cap of $196.50 billion, a PE ratio of 32.36 and a beta of 0.69.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 25th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The Coca-Cola had a net margin of 15.59% and a return on equity of 32.94%. The company had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.85 billion. During the same quarter last year, the business earned $0.45 EPS. The firm’s revenue for the quarter was down 11.3% on a year-over-year basis. On average, analysts predict that The Coca-Cola Co will post $1.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Tuesday, June 13th. The Coca-Cola’s dividend payout ratio (DPR) is 93.33%.

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KO has been the subject of a number of research reports. Vetr upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $44.81 target price for the company in a research report on Monday, April 24th. Credit Suisse Group AG restated a “buy” rating and set a $49.00 target price on shares of The Coca-Cola in a research report on Thursday, April 27th. Zacks Investment Research upgraded shares of The Coca-Cola from a “sell” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Friday, April 21st. Wells Fargo & Co restated a “market perform” rating and set a $43.00 target price on shares of The Coca-Cola in a research report on Friday, April 28th. Finally, Morgan Stanley boosted their target price on shares of The Coca-Cola from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $44.53.

In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 22,000 shares of The Coca-Cola stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $43.25, for a total transaction of $951,500.00. Following the completion of the transaction, the insider now owns 319,436 shares in the company, valued at $13,815,607. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian John Smith sold 87,800 shares of The Coca-Cola stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $43.43, for a total transaction of $3,813,154.00. Following the transaction, the insider now owns 149,185 shares of the company’s stock, valued at approximately $6,479,104.55. The disclosure for this sale can be found here. Insiders sold 463,946 shares of company stock valued at $20,701,224 in the last quarter. Company insiders own 1.54% of the company’s stock.

About The Coca-Cola

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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