CocaCola Company (The) (NYSE:KO) Shares Bought by Private Trust Co. NA

Private Trust Co. NA boosted its position in shares of CocaCola Company (The) (NYSE:KO) by 1.9% in the first quarter, Holdings Channel.com reports. The firm owned 36,044 shares of the company’s stock after acquiring an additional 669 shares during the period. Private Trust Co. NA’s holdings in CocaCola were worth $2,581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sage Financial Management Group Inc. purchased a new position in shares of CocaCola during the 1st quarter valued at approximately $216,000. Voleon Capital Management LP bought a new position in CocaCola during the 4th quarter valued at $2,513,000. Cornerstone Wealth Management LLC grew its holdings in CocaCola by 3.3% during the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company’s stock worth $8,686,000 after acquiring an additional 3,920 shares in the last quarter. Clark Capital Management Group Inc. increased its position in shares of CocaCola by 31.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company’s stock worth $52,851,000 after purchasing an additional 204,681 shares during the last quarter. Finally, StoneX Group Inc. increased its holdings in CocaCola by 80.0% in the fourth quarter. StoneX Group Inc. now owns 51,775 shares of the company’s stock valued at $3,224,000 after buying an additional 23,009 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Activity at CocaCola

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the transaction, the executive vice president owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Murphy sold 88,658 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer directly owned 205,511 shares of the company’s stock, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock worth $29,923,985 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a report on Thursday, March 27th. UBS Group raised their price target on shares of CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Royal Bank Of Canada lifted their price target on shares of CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Finally, Cfra Research upgraded shares of CocaCola to a “strong-buy” rating in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $76.27.

CocaCola Stock Performance

KO opened at $70.95 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. The business’s 50 day moving average is $71.12 and its 200-day moving average is $68.44. The stock has a market cap of $305.39 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38.

CocaCola (NYSE:KO) last announced its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Friday, June 13th. CocaCola’s payout ratio is currently 81.60%.

CocaCola 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.