Outlook Wealth Advisors LLC Acquires 848 Shares of The Coca-Cola Company (NYSE:KO)

Outlook Wealth Advisors LLC grew its holdings in shares of The Coca-Cola Company (NYSE:KO) by 15.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,172 shares of the company’s stock after acquiring an additional 848 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Coca-Cola were worth $378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Donaldson Capital Management LLC increased its stake in Coca-Cola by 3.5% in the first quarter. Donaldson Capital Management LLC now owns 49,016 shares of the company’s stock valued at $2,999,000 after acquiring an additional 1,655 shares during the last quarter. Raymond James & Associates increased its position in shares of Coca-Cola by 2.1% during the 1st quarter. Raymond James & Associates now owns 4,378,983 shares of the company’s stock valued at $267,906,000 after purchasing an additional 92,068 shares during the last quarter. Accordant Advisory Group Inc purchased a new position in shares of Coca-Cola during the 1st quarter valued at about $31,000. Investors Asset Management of Georgia Inc. GA ADV lifted its position in Coca-Cola by 1.9% in the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 36,183 shares of the company’s stock worth $2,214,000 after buying an additional 675 shares during the last quarter. Finally, Cassia Capital Partners LLC boosted its stake in Coca-Cola by 21.9% in the first quarter. Cassia Capital Partners LLC now owns 14,255 shares of the company’s stock worth $872,000 after buying an additional 2,564 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other news, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the transaction, the executive vice president now owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the transaction, the executive vice president now owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock worth $22,795,742 in the last three months. 0.97% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup lifted their price target on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. decreased their target price on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Finally, Barclays upped their price target on shares of Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus price target of $67.22.

Coca-Cola Price Performance

Shares of NYSE:KO remained flat at $61.74 during midday trading on Friday. 10,994,262 shares of the stock traded hands, compared to its average volume of 12,842,353. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95. The stock’s 50 day simple moving average is $60.12 and its 200 day simple moving average is $58.82. The stock has a market cap of $266.17 billion, a PE ratio of 24.90, a PEG ratio of 3.53 and a beta of 0.59. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.69.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business had revenue of $10.80 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter last year, the business posted $0.45 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.81 earnings per share for the current year.

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.485 dividend. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.14%. Coca-Cola’s dividend payout ratio is 78.23%.

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.