Regent Peak Wealth Advisors LLC Has $11.55 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Regent Peak Wealth Advisors LLC decreased its position in The Coca-Cola Company (NYSE:KO) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 160,687 shares of the company’s stock after selling 3,351 shares during the period. Coca-Cola makes up 2.6% of Regent Peak Wealth Advisors LLC’s portfolio, making the stock its 12th largest position. Regent Peak Wealth Advisors LLC’s holdings in Coca-Cola were worth $11,547,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KO. McKinley Carter Wealth Services Inc. increased its stake in Coca-Cola by 24.0% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 10,094 shares of the company’s stock worth $725,000 after purchasing an additional 1,955 shares in the last quarter. Sumitomo Life Insurance Co. increased its position in shares of Coca-Cola by 2.4% during the third quarter. Sumitomo Life Insurance Co. now owns 39,794 shares of the company’s stock worth $2,860,000 after acquiring an additional 926 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of Coca-Cola by 1.3% during the third quarter. SeaCrest Wealth Management LLC now owns 29,147 shares of the company’s stock worth $2,094,000 after acquiring an additional 387 shares during the period. Opal Wealth Advisors LLC lifted its position in Coca-Cola by 6.7% in the 3rd quarter. Opal Wealth Advisors LLC now owns 15,405 shares of the company’s stock valued at $1,107,000 after acquiring an additional 970 shares in the last quarter. Finally, CCG Wealth Management LLC boosted its stake in Coca-Cola by 4.3% in the 3rd quarter. CCG Wealth Management LLC now owns 3,614 shares of the company’s stock worth $260,000 after purchasing an additional 149 shares during the period. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on KO shares. Truist Financial lifted their price target on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Bank of America upped their price target on Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley boosted their price objective on shares of Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Insider Transactions at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,968,095. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Coca-Cola news, EVP Lisa Chang sold 58,122 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $68.51, for a total value of $3,981,938.22. Following the completion of the sale, the executive vice president now owns 74,067 shares of the company’s stock, valued at $5,074,330.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $15,968,095. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 356,792 shares of company stock worth $24,728,364. 0.97% of the stock is owned by insiders.

Coca-Cola Stock Performance

NYSE:KO traded up $0.12 during mid-day trading on Wednesday, hitting $70.46. The stock had a trading volume of 2,687,603 shares, compared to its average volume of 13,122,178. The company’s 50 day simple moving average is $70.60 and its 200 day simple moving average is $65.59. The stock has a market cap of $303.54 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 3.92 and a beta of 0.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The Coca-Cola Company has a twelve month low of $53.21 and a twelve month high of $73.53.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.78 billion. During the same period in the previous year, the company posted $0.78 EPS. The firm’s revenue for the quarter was up 3.3% 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, September 13th. Coca-Cola’s dividend payout ratio is presently 77.60%.

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.