Great Lakes Retirement Inc. Boosts Stock Position in The Coca-Cola Company (NYSE:KO)

Great Lakes Retirement Inc. grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,089 shares of the company’s stock after purchasing an additional 578 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Coca-Cola were worth $1,066,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Castleview Partners LLC lifted its holdings in Coca-Cola by 4.4% during the first quarter. Castleview Partners LLC now owns 3,973 shares of the company’s stock valued at $246,000 after purchasing an additional 167 shares in the last quarter. Enterprise Bank & Trust Co boosted its holdings in Coca-Cola by 3.4% in the 4th quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock worth $296,000 after buying an additional 167 shares during the last quarter. Elk River Wealth Management LLC increased its stake in Coca-Cola by 1.6% during the 4th quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock worth $639,000 after buying an additional 170 shares in the last quarter. Somerville Kurt F raised its holdings in shares of Coca-Cola by 0.8% during the first quarter. Somerville Kurt F now owns 21,377 shares of the company’s stock valued at $1,325,000 after acquiring an additional 172 shares during the last quarter. Finally, VitalStone Financial LLC lifted its position in shares of Coca-Cola by 46.5% in the second quarter. VitalStone Financial LLC now owns 545 shares of the company’s stock valued at $34,000 after acquiring an additional 173 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 247,188 shares of Coca-Cola stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO James Quincey sold 247,188 shares of Coca-Cola stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total value of $15,063,636.72. Following the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock valued at $22,795,742 in the last ninety days. Insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on KO. JPMorgan Chase & Co. increased their price objective on Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Citigroup boosted their price target on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Barclays increased their price objective on shares of Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Coca-Cola Trading Up 0.2 %

Shares of NYSE KO traded up $0.12 during trading on Thursday, reaching $61.15. The stock had a trading volume of 5,977,888 shares, compared to its average volume of 14,062,857. The company has a market cap of $263.63 billion, a P/E ratio of 24.63, a PEG ratio of 3.43 and a beta of 0.59. 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 business’s 50-day moving average price is $60.04 and its 200-day moving average price is $58.30. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.99.

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

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.17%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio (DPR) is currently 78.23%.

Coca-Cola 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.