4,749 Shares in The Coca-Cola Company (NYSE:KO) Purchased by Wood Tarver Financial Group LLC

Wood Tarver Financial Group LLC purchased a new stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,749 shares of the company's stock, valued at approximately $295,000.

Other hedge funds also recently bought and sold shares of the company. Crowley Wealth Management Inc. bought a new position in Coca-Cola in the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC acquired a new position in Coca-Cola during the 4th quarter valued at about $31,000. REAP Financial Group LLC boosted its stake in shares of Coca-Cola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after buying an additional 208 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Coca-Cola during the 4th quarter valued at approximately $38,000. Finally, Hoey Investments Inc. raised its position in shares of Coca-Cola by 41.9% in 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. Institutional investors own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler lifted their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. upped their target price on Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Wells Fargo & Company upped their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. UBS Group lifted their price target on shares of Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Cfra Research raised Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola has an average rating of "Buy" and an average target price of $75.81.

Coca-Cola Stock Performance

KO traded up $0.72 on Friday, reaching $72.21. The company had a trading volume of 6,275,672 shares, compared to its average volume of 15,654,494. The company's fifty day moving average is $71.28 and its 200 day moving average is $67.20. The Coca-Cola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The stock has a market cap of $310.80 billion, a P/E ratio of 29.23, a P/E/G ratio of 3.79 and a beta of 0.47.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same quarter last year, the business earned $0.72 EPS. The company's revenue was down .7% compared to the same quarter last year. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Friday, June 13th. Coca-Cola's payout ratio is currently 81.60%.

Insider Buying and Selling at Coca-Cola

In related news, COO Henrique Braun sold 25,277 shares of the company's 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 completion of the sale, the chief operating officer now owns 52,466 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nikolaos Koumettis sold 55,500 shares of the business's stock in a transaction that occurred on 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 owns 246,909 shares of the company's stock, 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 sold a total of 229,761 shares of company stock worth $16,474,587 over the last three months. 0.97% of the stock is owned by 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.