The Coca-Cola Company (NYSE:KO) Stake Cut by Security National Bank

Security National Bank cut its position in shares of The Coca-Cola Company (NYSE:KO) by 33.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,450 shares of the company’s stock after selling 1,714 shares during the period. Security National Bank’s holdings in Coca-Cola were worth $211,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KO. Tidemark LLC bought a new position in shares of Coca-Cola during the 4th quarter worth approximately $26,000. Private Wealth Management Group LLC bought a new position in Coca-Cola in the 4th quarter valued at $27,000. ZRC Wealth Management LLC raised its position in Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the last quarter. Criterion Capital Advisors LLC bought a new stake in shares of Coca-Cola during the fourth quarter worth $30,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Coca-Cola during the fourth quarter worth $31,000. 70.26% of the stock is owned by institutional investors.

Coca-Cola Stock Performance

Coca-Cola stock traded up $0.13 during trading on Wednesday, hitting $63.97. The stock had a trading volume of 5,293,659 shares, compared to its average volume of 13,095,362. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.36. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The stock’s 50 day moving average is $62.44 and its two-hundred day moving average is $60.69. The stock has a market cap of $275.58 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 3.61 and a beta of 0.59.

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

Coca-Cola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.03%. Coca-Cola’s payout ratio is currently 77.60%.

Insider Transactions at Coca-Cola

In related news, insider Nikolaos Koumettis sold 80,891 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.34, for a total value of $5,042,744.94. Following the transaction, the insider now owns 218,880 shares of the company’s stock, valued at $13,644,979.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Nikolaos Koumettis sold 80,891 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.34, for a total value of $5,042,744.94. Following the transaction, the insider now owns 218,880 shares of the company’s stock, valued at $13,644,979.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Monica Howard Douglas sold 8,874 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $63.31, for a total value of $561,812.94. Following the completion of the transaction, the executive vice president now directly owns 33,638 shares in the company, valued at approximately $2,129,621.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 223,665 shares of company stock valued at $13,995,465. 0.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KO. Barclays boosted their target price on Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. BNP Paribas assumed coverage on Coca-Cola in a research note on Monday. They set an “outperform” rating and a $72.00 price objective for the company. StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Argus lifted their price objective on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Finally, Morgan Stanley lifted their price objective on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, June 10th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.83.

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.