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

Trajan Wealth LLC boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 166.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,405 shares of the company’s stock after buying an additional 5,880 shares during the quarter. Trajan Wealth LLC’s holdings in Coca-Cola were worth $586,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Crowley Wealth Management Inc. bought a new stake in shares of Coca-Cola during the fourth quarter valued at approximately $27,000. Mainstream Capital Management LLC purchased a new position in Coca-Cola during the 4th quarter worth $31,000. Retirement Wealth Solutions LLC bought a new stake in Coca-Cola during the 4th quarter valued at $37,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Coca-Cola in the 4th quarter worth $38,000. Finally, Hoey Investments Inc. grew its position in shares of Coca-Cola by 41.9% during the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock worth $38,000 after buying an additional 181 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Stock Up 1.8 %

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

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating 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%. Analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.51 dividend. 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 was Friday, March 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 82.59%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Coca-Cola from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Cfra Research raised shares of Coca-Cola to a “strong-buy” rating in a report on Tuesday, April 15th. Piper Sandler upped their target price on Coca-Cola from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Evercore ISI lifted their price target on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $74.59.

Insider Buying and Selling

In other Coca-Cola news, COO Henrique Braun sold 25,277 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were 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 approximately $3,749,745.02. This represents a 32.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nikolaos Koumettis sold 55,500 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $71.01, for a total value of $3,941,055.00. Following the sale, the insider now directly owns 246,909 shares in the company, valued at $17,533,008.09. This represents a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,423 shares of company stock valued at $22,263,071 over the last quarter. 0.90% of the stock is currently owned by company insiders.

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.