Wiser Advisor Group LLC Buys 377 Shares of The Coca-Cola Company (NYSE:KO)

Wiser Advisor Group LLC grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,889 shares of the company’s stock after buying an additional 377 shares during the period. Coca-Cola accounts for approximately 1.3% of Wiser Advisor Group LLC’s portfolio, making the stock its 25th largest holding. Wiser Advisor Group LLC’s holdings in Coca-Cola were worth $865,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Howard Capital Management Group LLC increased its position in shares of Coca-Cola by 0.5% in the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after purchasing an additional 2,069 shares during the last quarter. Goldstone Financial Group LLC bought a new position in shares of Coca-Cola in the third quarter worth approximately $228,000. Aspen Wealth Strategies LLC bought a new position in shares of Coca-Cola in the third quarter worth approximately $216,000. Pacific Wealth Strategies Group Inc. increased its position in shares of Coca-Cola by 1.7% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 22,028 shares of the company’s stock worth $1,583,000 after purchasing an additional 372 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in Coca-Cola by 0.9% in the third quarter. Stephens Inc. AR now owns 409,125 shares of the company’s stock worth $29,400,000 after buying an additional 3,793 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Performance

NYSE:KO opened at $71.20 on Friday. The stock has a market cap of $306.22 billion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61. The firm’s fifty day simple moving average is $64.53 and its 200 day simple moving average is $66.53. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. As a group, research analysts predict 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 will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.87%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. Coca-Cola’s dividend payout ratio (DPR) is currently 82.59%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Barclays upped their target price on Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Coca-Cola in a research note on Thursday, February 6th. DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Thursday, February 13th. Finally, Piper Sandler increased their price objective on Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.24.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 145,435 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total transaction of $10,327,339.35. Following the completion of the transaction, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $24,324,191.46. This trade represents a 29.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bruno Pietracci sold 19,058 shares of the firm’s 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 90 days, insiders sold 232,646 shares of company stock valued at $16,515,469. 0.97% 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.