Gen Wealth Partners Inc Buys 1,365 Shares of The Coca-Cola Company (NYSE:KO)

Gen Wealth Partners Inc grew its stake in The Coca-Cola Company (NYSE:KO) by 5.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 28,336 shares of the company’s stock after purchasing an additional 1,365 shares during the quarter. Coca-Cola makes up 0.8% of Gen Wealth Partners Inc’s investment portfolio, making the stock its 26th biggest position. Gen Wealth Partners Inc’s holdings in Coca-Cola were worth $1,764,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in Coca-Cola by 1.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 893,192 shares of the company’s stock valued at $55,610,000 after buying an additional 8,810 shares during the period. ST Germain D J Co. Inc. boosted its position in Coca-Cola by 17.4% during the 4th quarter. ST Germain D J Co. Inc. now owns 25,440 shares of the company’s stock valued at $1,584,000 after acquiring an additional 3,774 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Coca-Cola by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 55,243 shares of the company’s stock valued at $3,439,000 after acquiring an additional 1,354 shares during the period. HBW Advisory Services LLC raised its position in shares of Coca-Cola by 14.2% in the 4th quarter. HBW Advisory Services LLC now owns 13,520 shares of the company’s stock worth $842,000 after acquiring an additional 1,676 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC lifted its stake in shares of Coca-Cola by 10.7% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 19,786 shares of the company’s stock worth $1,232,000 after purchasing an additional 1,911 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $70.62 on Friday. 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 Coca-Cola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company’s 50 day moving average is $70.95 and its 200 day moving average is $66.65. The company has a market cap of $303.92 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47.

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. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter last year, the company posted $0.72 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. On average, sell-side analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Announces Dividend

The business 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 $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.89%. Coca-Cola’s payout ratio is 81.60%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Morgan Stanley lifted their target price on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Thursday, February 13th. Royal Bank of Canada increased their target price on shares of Coca-Cola from $73.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola from $74.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Finally, Wells Fargo & Company increased their price objective on Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $75.59.

Insider Buying and Selling

In other Coca-Cola news, EVP Beatriz R. Perez sold 60,326 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the transaction, the executive vice president now owns 187,716 shares in the company, valued at approximately $13,491,148.92. This represents a 24.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruno Pietracci sold 19,058 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. Insiders have sold a total of 462,407 shares of company stock valued at $32,990,056 over the last ninety days. Company insiders own 0.97% of the company’s stock.

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.