Defined Financial Planning LLC Acquires Shares of 6,105 The Coca-Cola Company (NYSE:KO)

Defined Financial Planning LLC bought a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,105 shares of the company's stock, valued at approximately $380,000.

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

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, insider Nikolaos Koumettis sold 54,708 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the completion of the sale, the insider now directly owns 246,909 shares in the company, valued at approximately $17,520,662.64. This trade represents a 18.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Henrique Braun sold 25,277 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total value of $1,806,547.19. Following the sale, the chief operating officer now directly owns 52,466 shares of the company's stock, valued at $3,749,745.02. This represents a 32.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 313,423 shares of company stock worth $22,263,071. Insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KO shares. Barclays restated an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. UBS Group boosted their price objective on shares of Coca-Cola from $78.00 to $84.00 and gave the company a "buy" rating in a report on Thursday. Morgan Stanley lifted their price target on shares of Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Royal Bank of Canada reissued an "outperform" rating and set a $69.00 price target on shares of Coca-Cola in a research report on Thursday, February 6th. Finally, Wells Fargo & Company lifted 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 research 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. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $74.59.

Coca-Cola Trading Up 1.8 %

Coca-Cola stock traded up $1.31 during trading hours on Friday, hitting $72.99. The stock had a trading volume of 20,745,798 shares, compared to its average volume of 15,392,094. The stock has a market cap of $314.13 billion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 3.79 and a beta of 0.45. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The business's 50 day simple moving average is $70.28 and its 200-day simple moving average is $66.41. The Coca-Cola Company has a one year low of $58.54 and a one year high of $73.95.

Coca-Cola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. On average, equities analysts predict that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business 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. The ex-dividend date was Friday, March 14th. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a yield of 2.79%. Coca-Cola's payout ratio is presently 82.59%.

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.