CWA Asset Management Group LLC Has $1.21 Million Position in The Coca-Cola Company (NYSE:KO)

CWA Asset Management Group LLC grew its position in The Coca-Cola Company (NYSE:KO) by 16.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,407 shares of the company’s stock after purchasing an additional 2,706 shares during the period. CWA Asset Management Group LLC’s holdings in Coca-Cola were worth $1,208,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Coca-Cola during the second quarter worth approximately $27,000. Hara Capital LLC bought a new stake in Coca-Cola during the 3rd quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Coca-Cola during the 3rd quarter valued at $36,000. MidAtlantic Capital Management Inc. bought a new position in Coca-Cola in the 3rd quarter valued at $43,000. Finally, ORG Wealth Partners LLC acquired a new position in Coca-Cola in the third quarter worth $58,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Price Performance

Shares of KO stock opened at $60.70 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The firm has a fifty day moving average of $63.15 and a 200-day moving average of $66.55. The firm has a market capitalization of $261.48 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 3.83 and a beta of 0.61.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Friday, November 29th. Coca-Cola’s dividend payout ratio is 80.17%.

Insider Buying and Selling

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total value of $6,403,000.00. Following the sale, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Truist Financial lifted their price target on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Barclays reduced their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Piper Sandler started coverage on shares of Coca-Cola in a report on Tuesday. They issued an “overweight” rating and a $74.00 price target for the company. Wells Fargo & Company reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Morgan Stanley lowered their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.27.

About Coca-Cola

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.