Linscomb & Williams Inc. Sells 205 Shares of The Coca-Cola Company (NYSE:KO)

Linscomb & Williams Inc. reduced its position in The Coca-Cola Company (NYSE:KO) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,665 shares of the company’s stock after selling 205 shares during the period. Linscomb & Williams Inc.’s holdings in Coca-Cola were worth $1,512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ZRC Wealth Management LLC raised its holdings in Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares during the last quarter. Tidemark LLC bought a new position in shares of Coca-Cola in the 4th quarter valued at about $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth approximately $27,000. Criterion Capital Advisors LLC bought a new stake in shares of Coca-Cola during the fourth quarter worth approximately $30,000. Finally, Frazier Financial Advisors LLC acquired a new position in Coca-Cola in the fourth quarter valued at approximately $31,000. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $59.41, for a total value of $1,102,114.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Beatriz R. Perez sold 57,298 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $61.99, for a total value of $3,551,903.02. Following the sale, the executive vice president now owns 167,107 shares in the company, valued at approximately $10,358,962.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction dated 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. Over the last three months, insiders have sold 199,389 shares of company stock worth $12,322,179. Insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on KO. Barclays upped their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Evercore ISI upped their price objective on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. UBS Group raised their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Argus upped their price target on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective 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. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average price target of $68.58.

Coca-Cola Stock Down 0.1 %

Shares of Coca-Cola stock traded down $0.09 on Friday, hitting $62.00. The company had a trading volume of 8,203,136 shares, compared to its average volume of 11,042,451. The stock has a 50-day moving average of $61.08 and a 200-day moving average of $59.90. 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 Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $63.76. The firm has a market capitalization of $267.09 billion, a P/E ratio of 24.80, a P/E/G ratio of 3.51 and a beta of 0.57.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The company had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. Coca-Cola’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts predict that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Dividend Announcement

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 paid a $0.485 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.13%. Coca-Cola’s dividend payout ratio is presently 77.60%.

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.