The Coca-Cola Company (NYSE:KO) Shares Bought by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. increased its position in The Coca-Cola Company (NYSE:KO) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,089 shares of the company’s stock after acquiring an additional 578 shares during the period. Great Lakes Retirement Inc.’s holdings in Coca-Cola were worth $1,066,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Castleview Partners LLC boosted its position in shares of Coca-Cola by 4.4% during the 1st 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 lifted its stake in Coca-Cola by 3.4% during the fourth quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock valued at $296,000 after purchasing an additional 167 shares during the last quarter. Elk River Wealth Management LLC boosted its holdings in Coca-Cola by 1.6% during the fourth 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 grew its position in Coca-Cola by 0.8% in the first quarter. Somerville Kurt F now owns 21,377 shares of the company’s stock worth $1,325,000 after buying an additional 172 shares during the last quarter. Finally, VitalStone Financial LLC increased its holdings 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 buying an additional 173 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Up 0.2 %

Coca-Cola stock traded up $0.12 during trading hours on Thursday, hitting $61.15. The company had a trading volume of 5,977,888 shares, compared to its average volume of 14,062,857. The firm has a market capitalization of $263.63 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.99. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95. The firm’s fifty day moving average is $60.04 and its 200-day moving average is $58.30.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the company earned $0.45 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. On average, research analysts forecast that The Coca-Cola Company will post 2.81 earnings per share for the current year.

Coca-Cola Increases Dividend

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

Insider Transactions at Coca-Cola

In related news, EVP Nancy Quan sold 57,368 shares of the business’s 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 directly owns 223,330 shares in the company, valued at $13,594,097.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Beatriz R. Perez sold 52,300 shares of the 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 sale, the executive vice president now directly owns 143,383 shares in the company, valued at approximately $8,602,980. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction on 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 completion of the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 375,407 shares of company stock worth $22,795,742. 0.97% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

About Coca-Cola

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.