The Coca-Cola Company (NYSE:KO) Shares Sold by Community Bank N.A.

Community Bank N.A. decreased its holdings in The Coca-Cola Company (NYSE:KO) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,131 shares of the company’s stock after selling 6,395 shares during the quarter. Coca-Cola makes up 0.9% of Community Bank N.A.’s portfolio, making the stock its 23rd biggest position. Community Bank N.A.’s holdings in Coca-Cola were worth $6,961,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. ZRC Wealth Management LLC raised its stake in Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after buying an additional 320 shares in the last quarter. Criterion Capital Advisors LLC acquired a new stake in Coca-Cola during the fourth quarter valued at approximately $30,000. Financial Connections Group Inc. acquired a new stake in Coca-Cola during the fourth quarter valued at approximately $38,000. Avion Wealth raised its stake in Coca-Cola by 64.8% during the fourth quarter. Avion Wealth now owns 819 shares of the company’s stock valued at $48,000 after buying an additional 322 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in Coca-Cola during the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Performance

KO stock traded up $0.91 on Wednesday, reaching $61.55. The company’s stock had a trading volume of 19,515,863 shares, compared to its average volume of 13,970,263. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.69. The company has a market capitalization of $265.35 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. The firm has a fifty day moving average of $60.02 and a two-hundred day moving average of $58.74. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share (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 business had revenue of $10.80 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts predict that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.15%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, March 14th. Coca-Cola’s dividend payout ratio is 78.23%.

Insider Buying and Selling at Coca-Cola

In other news, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction 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 transaction, the executive vice president now directly owns 143,383 shares in the company, valued at approximately $8,602,980. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the business’s 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 sale, the executive vice president now directly owns 223,330 shares in the company, valued at $13,594,097.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction dated 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 owns 143,383 shares in the company, valued at $8,602,980. The disclosure for this sale can be found here. In 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 corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on KO shares. JPMorgan Chase & Co. cut their price objective on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Barclays upped their target price on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Citigroup upped their target price on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average price target of $67.09.

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.