WoodTrust Financial Corp Decreases Stock Position in The Coca-Cola Company (NYSE:KO)

WoodTrust Financial Corp lessened its stake in shares of The Coca-Cola Company (NYSE:KOFree Report) by 70.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,756 shares of the company’s stock after selling 23,494 shares during the period. WoodTrust Financial Corp’s holdings in Coca-Cola were worth $575,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in Coca-Cola by 1.0% in the second quarter. State Street Corp now owns 171,246,926 shares of the company’s stock worth $10,390,407,000 after purchasing an additional 1,628,772 shares during the period. Morgan Stanley increased its stake in Coca-Cola by 2.5% in the third quarter. Morgan Stanley now owns 80,448,083 shares of the company’s stock worth $4,503,484,000 after purchasing an additional 1,950,146 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Coca-Cola by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 63,138,970 shares of the company’s stock worth $3,501,789,000 after purchasing an additional 2,464,618 shares during the period. Moneta Group Investment Advisors LLC increased its stake in Coca-Cola by 103,297.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock worth $3,672,479,000 after purchasing an additional 57,678,466 shares during the period. Finally, Norges Bank purchased a new stake in Coca-Cola in the fourth quarter worth $2,937,315,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In related news, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the completion of the sale, the executive vice president now directly owns 143,383 shares in the company, valued at $8,602,980. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 52,300 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the transaction, the executive vice president now directly owns 143,383 shares in the company, valued at approximately $8,602,980. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 375,407 shares of company stock valued at $22,795,742. 0.97% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KO shares. Barclays lifted their price objective on Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Citigroup lifted their price objective on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

View Our Latest Report on KO

Coca-Cola Stock Performance

Shares of Coca-Cola stock traded down $0.33 on Wednesday, reaching $59.82. 7,028,546 shares of the stock were exchanged, compared to its average volume of 14,019,248. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.99. The firm has a market capitalization of $257.90 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 3.44 and a beta of 0.59. The business has a 50 day moving average price of $60.13 and a two-hundred day moving average price of $58.39.

Coca-Cola (NYSE:KOGet Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The firm had revenue of $10.80 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.485 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a yield of 3.24%. Coca-Cola’s payout ratio is presently 78.23%.

Coca-Cola Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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