Waller Financial Planning Group Inc. Acquires 200 Shares of The Coca-Cola Company (NYSE:KO)

Waller Financial Planning Group Inc. raised its holdings in The Coca-Cola Company (NYSE:KO) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,460 shares of the company’s stock after purchasing an additional 200 shares during the period. Waller Financial Planning Group Inc.’s holdings in Coca-Cola were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tallon Kerry Patrick bought a new stake in shares of Coca-Cola during the fourth quarter valued at about $241,000. Brighton Jones LLC increased its holdings in Coca-Cola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after acquiring an additional 4,591 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Coca-Cola during the 4th quarter worth approximately $24,472,000. Revolve Wealth Partners LLC lifted its stake in Coca-Cola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after purchasing an additional 293 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in Coca-Cola by 7.4% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 15,874 shares of the company’s stock valued at $988,000 after purchasing an additional 1,096 shares during the period. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Down 0.9%

NYSE:KO opened at $71.14 on Thursday. The company has a 50-day moving average price of $71.23 and a 200-day moving average price of $67.14. The stock has a market cap of $306.21 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 3.79 and a beta of 0.47. 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 $60.62 and a 12 month high of $74.38.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Coca-Cola’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $0.72 earnings per share. Equities analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 dividend yield of 2.87%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola’s payout ratio is presently 81.60%.

Insider Activity at Coca-Cola

In other news, COO Henrique Braun sold 25,277 shares of the stock in a transaction 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 approximately $3,749,745.02. This represents a 32.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nikolaos Koumettis sold 55,500 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $71.01, for a total transaction 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 trade represents a 18.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 229,761 shares of company stock worth $16,474,587 over the last ninety days. 0.97% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and increased their price objective for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Evercore ISI increased their price objective on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. UBS Group upped their target price on Coca-Cola from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Thursday, February 13th. Finally, 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 note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola presently has an average rating of “Buy” and a consensus target price of $75.81.

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.