Salvus Wealth Management LLC Raises Stake in The Coca-Cola Company (NYSE:KO)

Salvus Wealth Management LLC boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,835 shares of the company’s stock after buying an additional 284 shares during the quarter. Salvus Wealth Management LLC’s holdings in Coca-Cola were worth $346,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KO. Crowley Wealth Management Inc. purchased a new stake in shares of Coca-Cola during the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC purchased a new stake in Coca-Cola in the fourth quarter worth $31,000. REAP Financial Group LLC raised its stake in shares of Coca-Cola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in Coca-Cola in the 4th quarter worth about $38,000. Finally, Hoey Investments Inc. boosted its position in Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock worth $38,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In related news, EVP Beatriz R. Perez sold 60,326 shares of Coca-Cola stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the sale, the executive vice president now directly owns 187,716 shares in the company, valued at $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the business’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the sale, the chief executive officer now owns 275,946 shares in the company, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 496,164 shares of company stock valued at $35,671,587. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Trading Up 0.3%

NYSE KO opened at $71.39 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The stock has a 50-day moving average of $71.41 and a 200-day moving average of $67.45. The firm has a market cap of $307.28 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. The firm had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the business earned $0.72 earnings per share. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. Coca-Cola’s dividend payout ratio (DPR) is presently 81.60%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KO shares. UBS Group upped their price target on shares of Coca-Cola from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Wells Fargo & Company increased their target price on Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. DZ Bank upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Thursday, February 13th. Evercore ISI increased their price objective on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley lifted their target price on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Coca-Cola has an average rating of “Buy” and a consensus target price of $75.81.

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.