WoodTrust Financial Corp Sells 1,046 Shares of CocaCola Company (The) (NYSE:KO)

WoodTrust Financial Corp lessened its holdings in shares of CocaCola Company (The) (NYSE:KO) by 9.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 9,750 shares of the company’s stock after selling 1,046 shares during the period. WoodTrust Financial Corp’s holdings in CocaCola were worth $699,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Crowley Wealth Management Inc. bought a new position in CocaCola in the fourth quarter valued at about $27,000. Garde Capital Inc. bought a new position in CocaCola in the first quarter valued at about $30,000. Mainstream Capital Management LLC bought a new position in CocaCola in the fourth quarter valued at about $31,000. Mizuho Securities Co. Ltd. boosted its holdings in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after acquiring an additional 360 shares during the last quarter. Finally, REAP Financial Group LLC boosted its holdings in CocaCola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KO shares. JPMorgan Chase & Co. raised their price target on CocaCola from $74.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, April 21st. UBS Group raised their target price on CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Barclays restated an “overweight” rating on shares of CocaCola in a report on Thursday, March 27th. Cfra Research upgraded CocaCola to a “strong-buy” rating in a report on Tuesday, April 15th. Finally, Piper Sandler raised their target price on CocaCola from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and an average target price of $76.00.

Insider Activity at CocaCola

In related news, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the sale, the chief executive officer now owns 275,946 shares of the company’s stock, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Murphy sold 88,658 shares of CocaCola stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the sale, the chief financial officer now directly owns 205,511 shares in the company, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.90% of the stock is owned by insiders.

CocaCola Trading Up 1.4%

NYSE KO opened at $69.77 on Tuesday. The firm has a market cap of $300.31 billion, a P/E ratio of 27.91, a P/E/G ratio of 3.61 and a beta of 0.46. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The stock’s 50-day moving average is $71.45 and its 200-day moving average is $68.16. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates 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. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. CocaCola’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. Sell-side analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Friday, June 13th. CocaCola’s dividend payout ratio is presently 81.60%.

About CocaCola

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.