SeaCrest Wealth Management LLC Has $2.01 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

SeaCrest Wealth Management LLC lowered its stake in shares of The Coca-Cola Company (NYSE:KO) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,757 shares of the company’s stock after selling 3,665 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Coca-Cola were worth $2,014,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ellsworth Advisors LLC increased its stake in shares of Coca-Cola by 2.1% in the 4th quarter. Ellsworth Advisors LLC now owns 75,087 shares of the company’s stock valued at $4,425,000 after buying an additional 1,551 shares during the period. Franklin Street Advisors Inc. NC raised its holdings in Coca-Cola by 2.1% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 287,751 shares of the company’s stock worth $16,957,000 after purchasing an additional 6,003 shares during the last quarter. Access Financial Services Inc. lifted its position in Coca-Cola by 9.3% during the 4th quarter. Access Financial Services Inc. now owns 30,301 shares of the company’s stock valued at $1,786,000 after purchasing an additional 2,573 shares during the period. Elwood & Goetz Wealth Advisory Group LLC grew its position in shares of Coca-Cola by 64.2% during the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 7,250 shares of the company’s stock worth $427,000 after buying an additional 2,835 shares during the period. Finally, Trueblood Wealth Management LLC bought a new stake in shares of Coca-Cola during the fourth quarter worth approximately $916,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on KO shares. JPMorgan Chase & Co. upped their target price on shares of Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Barclays increased their target price on Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Finally, Citigroup boosted their target price on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Insider Transactions at Coca-Cola

In related news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Beatriz R. Perez sold 52,300 shares of the firm’s 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 in the company, valued at approximately $8,602,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruno Pietracci sold 18,551 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The disclosure for this sale can be found here. Insiders sold 375,407 shares of company stock valued at $22,795,742 over the last three months. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 0.2 %

NYSE KO traded up $0.13 during trading hours on Thursday, reaching $61.16. 13,680,433 shares of the company’s stock were exchanged, compared to its average volume of 14,194,525. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.99. The company’s 50-day moving average is $60.06 and its two-hundred day moving average is $58.32. The company has a market capitalization of $263.67 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59.

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

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.17%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, March 14th. Coca-Cola’s 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.