1,547 Shares in The Coca-Cola Company (NYSE:KO) Bought by Mpwm Advisory Solutions LLC

Mpwm Advisory Solutions LLC bought a new position in The Coca-Cola Company (NYSE:KO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,547 shares of the company’s stock, valued at approximately $96,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kinloch Capital LLC boosted its position in shares of Coca-Cola by 2.8% in the fourth quarter. Kinloch Capital LLC now owns 60,581 shares of the company’s stock valued at $3,772,000 after acquiring an additional 1,628 shares during the period. Lantern Wealth Advisors LLC bought a new position in Coca-Cola during the fourth quarter worth $205,000. USS Investment Management Ltd raised its stake in Coca-Cola by 2.1% during the 4th quarter. USS Investment Management Ltd now owns 1,104,114 shares of the company’s stock valued at $68,770,000 after purchasing an additional 23,208 shares during the last quarter. Waverly Advisors LLC boosted its holdings in Coca-Cola by 15.7% in the 4th quarter. Waverly Advisors LLC now owns 413,684 shares of the company’s stock valued at $25,756,000 after purchasing an additional 56,037 shares during the period. Finally, Woodline Partners LP bought a new stake in Coca-Cola in the 4th quarter valued at $14,496,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Trading Down 0.2%

Shares of KO stock opened at $71.89 on Tuesday. 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 company has a market capitalization of $309.43 billion, a P/E ratio of 29.11, a P/E/G ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The firm has a 50-day moving average price of $70.92 and a 200 day moving average price of $66.83.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Coca-Cola’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. Research analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola’s dividend payout ratio is currently 81.60%.

Insider Transactions at Coca-Cola

In other Coca-Cola news, insider Nikolaos Koumettis sold 54,708 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 246,909 shares of the company’s stock, valued at approximately $17,520,662.64. This represents a 18.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 462,407 shares of company stock worth $32,990,056. Insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective 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. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and boosted their price target for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Piper Sandler raised their price objective on Coca-Cola from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. UBS Group lifted their price objective on Coca-Cola from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Finally, Evercore ISI upped their target price on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $75.59.

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.