XY Planning Network Inc. Invests $230,000 in The Coca-Cola Company (NYSE:KO)

XY Planning Network Inc. acquired a new stake in The Coca-Cola Company (NYSE:KO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,698 shares of the company's stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crowley Wealth Management Inc. bought a new stake in shares of Coca-Cola in the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC acquired a new position in Coca-Cola in the fourth quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Coca-Cola in the fourth quarter valued at $38,000. Hoey Investments Inc. lifted 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 valued at $38,000 after acquiring an additional 181 shares during the last quarter. Finally, MilWealth Group LLC bought a new stake in shares of Coca-Cola during the 4th quarter worth $40,000. 70.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Beatriz R. Perez sold 60,326 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the transaction, the executive vice president now directly owns 187,716 shares of the company's stock, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nikolaos Koumettis sold 55,500 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $17,533,008.09. The trade was a 18.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 229,761 shares of company stock valued at $16,474,587 over the last ninety days. Corporate insiders own 0.97% of the company's stock.

Coca-Cola Stock Up 0.2%

Shares of NYSE:KO traded up $0.17 during midday trading on Thursday, hitting $71.32. 4,805,211 shares of the stock were exchanged, compared to its average volume of 15,653,945. The company has a market capitalization of $306.96 billion, a PE ratio of 28.86, a P/E/G ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 52-week low of $60.62 and a 52-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 business's fifty day simple moving average is $71.23 and its two-hundred day simple moving average is $67.14.

Coca-Cola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The business's revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. As a group, research 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 announced 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 2.86%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's dividend payout ratio (DPR) is presently 81.60%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KO shares. Piper Sandler boosted their target price on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. boosted their price objective on Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. UBS Group upped their price objective on shares of Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Barclays reissued an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Finally, Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $75.81.

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.