Centennial Wealth Advisory LLC Buys 431 Shares of The Coca-Cola Company (NYSE:KO)

Centennial Wealth Advisory LLC boosted its stake in The Coca-Cola Company (NYSE:KO) by 8.9% in the fourth quarter, HoldingsChannel reports. The firm owned 5,257 shares of the company’s stock after acquiring an additional 431 shares during the period. Centennial Wealth Advisory LLC’s holdings in Coca-Cola were worth $310,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Fairfield Bush & CO. acquired a new stake in shares of Coca-Cola in the 1st quarter valued at approximately $77,000. Merit Financial Group LLC increased its stake in Coca-Cola by 16.7% in the first quarter. Merit Financial Group LLC now owns 12,227 shares of the company’s stock valued at $758,000 after purchasing an additional 1,754 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Coca-Cola by 41.4% in the first quarter. NewEdge Advisors LLC now owns 149,275 shares of the company’s stock worth $9,255,000 after purchasing an additional 43,680 shares during the period. Ergoteles LLC boosted its position in shares of Coca-Cola by 385.3% during the first quarter. Ergoteles LLC now owns 19,032 shares of the company’s stock worth $1,180,000 after purchasing an additional 15,110 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Coca-Cola by 11.9% in the 1st quarter. Mackenzie Financial Corp now owns 2,840,557 shares of the company’s stock valued at $176,115,000 after buying an additional 301,804 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Up 0.3 %

Shares of Coca-Cola stock opened at $60.57 on Wednesday. The firm has a market cap of $261.13 billion, a PE ratio of 24.42, a P/E/G ratio of 3.43 and a beta of 0.59. The business’s 50 day simple moving average is $60.03 and its 200 day simple moving average is $58.29. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.99.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The company had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a $0.485 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.20%. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio (DPR) is currently 78.23%.

Insider Buying and Selling

In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total value of $3,491,990.16. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO James Quincey sold 247,188 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total value of $15,063,636.72. Following the completion of the transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $26,968,753.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the sale, the executive vice president now directly owns 223,330 shares in the company, valued at $13,594,097.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 375,407 shares of company stock worth $22,795,742. Company insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the topic of several research analyst reports. Citigroup raised their price objective on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. lifted their price objective on Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Finally, Barclays increased their target price on Coca-Cola from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

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.