CreativeOne Wealth LLC Buys 5,865 Shares of The Coca-Cola Company (NYSE:KO)

CreativeOne Wealth LLC raised its position in The Coca-Cola Company (NYSE:KO - Free Report) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,194 shares of the company's stock after purchasing an additional 5,865 shares during the quarter. CreativeOne Wealth LLC's holdings in Coca-Cola were worth $3,125,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new stake in shares of Coca-Cola in the fourth quarter valued at about $27,000. Mainstream Capital Management LLC acquired a new stake in Coca-Cola during the 4th quarter valued at approximately $31,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Coca-Cola in the 4th quarter worth approximately $38,000. Retirement Wealth Solutions LLC bought a new stake in shares of Coca-Cola in the 4th quarter valued at $37,000. Finally, Hoey Investments Inc. increased its position in shares of Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after buying an additional 181 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Coca-Cola news, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Henrique Braun sold 25,277 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the transaction, the chief operating officer now owns 52,466 shares of the company's stock, valued at $3,749,745.02. This trade represents a 32.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 313,423 shares of company stock worth $22,263,071 over the last 90 days. Corporate insiders own 0.90% of the company's stock.

Coca-Cola Stock Performance

Shares of NYSE:KO traded up $1.31 during mid-day trading on Friday, reaching $72.99. The company had a trading volume of 20,745,798 shares, compared to its average volume of 15,392,094. The Coca-Cola Company has a one year low of $58.54 and a one year high of $73.95. 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 company's 50-day moving average price is $70.28 and its 200-day moving average price is $66.41. The firm has a market cap of $314.13 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 3.79 and a beta of 0.45.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. As a group, equities research analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a dividend of $0.51 per share. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.79%. Coca-Cola's payout ratio is presently 82.59%.

Analysts Set New Price Targets

KO has been the topic of a number of research analyst reports. Piper Sandler upped their price target on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. UBS Group increased their price target on Coca-Cola from $78.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 price objective on shares of Coca-Cola in a research note on Thursday, February 6th. TD Cowen raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and increased their price target for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $74.59.

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.