First County Bank CT Has $1.42 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

First County Bank CT lessened its holdings in shares of The Coca-Cola Company (NYSE:KO) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,040 shares of the company’s stock after selling 399 shares during the period. First County Bank CT’s holdings in Coca-Cola were worth $1,417,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. ZRC Wealth Management LLC lifted its position in Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after buying an additional 320 shares in the last quarter. Tidemark LLC bought a new stake in Coca-Cola during the 4th quarter worth about $26,000. Private Wealth Management Group LLC bought a new stake in Coca-Cola during the 4th quarter worth about $27,000. Criterion Capital Advisors LLC bought a new stake in Coca-Cola during the 4th quarter worth about $30,000. Finally, Frazier Financial Advisors LLC bought a new stake in Coca-Cola during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.1 %

Shares of KO traded up $0.08 during trading hours on Thursday, hitting $62.96. 9,663,065 shares of the stock were exchanged, compared to its average volume of 13,137,045. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.36. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The business has a 50-day moving average of $61.72 and a 200-day moving average of $60.40. The firm has a market capitalization of $271.23 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 3.59 and a beta of 0.59.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same period last year, the company posted $0.68 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, research analysts expect that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, June 14th. Coca-Cola’s payout ratio is currently 77.60%.

Analysts Set New Price Targets

KO has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Morgan Stanley increased their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday. Argus increased their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Evercore ISI increased their target price on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Barclays upped their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.55.

Insider Activity at Coca-Cola

In other news, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total value of $1,224,645.76. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at $14,168,055.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total value of $1,224,645.76. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at $14,168,055.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 57,298 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now directly owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The disclosure for this sale can be found here. Insiders have sold 142,774 shares of company stock valued at $8,952,720 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.

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.