Trajan Wealth LLC Purchases 5,880 Shares of The Coca-Cola Company (NYSE:KO)

Trajan Wealth LLC grew its position in The Coca-Cola Company (NYSE:KO - Free Report) by 166.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,405 shares of the company's stock after buying an additional 5,880 shares during the period. Trajan Wealth LLC's holdings in Coca-Cola were worth $586,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KO. Crowley Wealth Management Inc. purchased a new position in shares of Coca-Cola in the fourth quarter worth $27,000. Mainstream Capital Management LLC bought a new position in Coca-Cola during the 4th quarter valued at about $31,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Coca-Cola during the 4th quarter valued at about $37,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Coca-Cola in the fourth quarter worth approximately $38,000. Finally, Hoey Investments Inc. raised 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 valued at $38,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Coca-Cola Price Performance

NYSE:KO opened at $72.99 on Friday. The company has a market capitalization of $314.13 billion, a P/E ratio of 29.55, a P/E/G ratio of 3.79 and a beta of 0.45. The business's 50-day moving average is $70.39 and its 200 day moving average is $66.39. 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 12 month low of $59.72 and a 12 month high of $73.95.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) 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%. On average, equities research analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.79%. 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. Coca-Cola's dividend payout ratio is currently 82.59%.

Wall Street Analyst Weigh In

KO has been the topic of several research reports. Morgan Stanley raised their target price on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a report on Thursday, February 13th. Piper Sandler increased their target price on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. UBS Group boosted their price target on Coca-Cola from $78.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Barclays reiterated an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $74.59.

Insider Activity at Coca-Cola

In related news, insider Bruno Pietracci sold 19,058 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction on Tuesday, March 11th. The stock was 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 directly owns 52,466 shares of the company's stock, valued at $3,749,745.02. The trade was a 32.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 313,423 shares of company stock valued at $22,263,071. Insiders own 0.90% of the company's stock.

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.

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