Teamwork Financial Advisors LLC Has $415,000 Stake in The Coca-Cola Company (NYSE:KO)

Teamwork Financial Advisors LLC decreased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 6.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,783 shares of the company’s stock after selling 466 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Coca-Cola were worth $415,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. ZRC Wealth Management LLC boosted its holdings 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 bought a new stake in Coca-Cola in the fourth quarter valued at approximately $26,000. Private Wealth Management Group LLC bought a new stake in Coca-Cola in the fourth quarter valued at approximately $27,000. Redmont Wealth Advisors LLC bought a new stake in Coca-Cola in the first quarter valued at approximately $28,000. Finally, Criterion Capital Advisors LLC bought a new stake in Coca-Cola in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the topic of a number of research analyst reports. UBS Group increased their price target on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Morgan Stanley increased their price target on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. JPMorgan Chase & Co. increased their price target on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Argus increased their price target on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average target price of $68.83.

Coca-Cola Trading Up 0.1 %

Shares of Coca-Cola stock opened at $63.38 on Friday. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.36. The stock’s 50-day simple moving average is $62.89 and its 200 day simple moving average is $60.88. The stock has a market capitalization of $273.04 billion, a P/E ratio of 25.33, a P/E/G ratio of 3.58 and a beta of 0.59. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 1.04.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The business had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $11.01 billion. During the same period in the previous year, the business posted $0.68 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, 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 was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Friday, June 14th. Coca-Cola’s payout ratio is presently 77.60%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the completion of the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $14,168,055.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Nikolaos Koumettis sold 80,891 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was 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 owns 218,880 shares of the company’s stock, valued at $13,644,979.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 19,304 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total value of $1,224,645.76. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $14,168,055.20. The disclosure for this sale can be found here. Insiders sold 223,665 shares of company stock valued at $13,995,465 in the last quarter. 0.97% of the stock is currently owned by corporate insiders.

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.