The Coca-Cola Company (NYSE:KO) Shares Bought by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated lifted its position in shares of The Coca-Cola Company (NYSE:KO) by 26.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,357 shares of the company’s stock after purchasing an additional 2,590 shares during the period. Silver Oak Securities Incorporated’s holdings in Coca-Cola were worth $728,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KO. Charles Schwab Investment Management Inc. boosted its stake in shares of Coca-Cola by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 63,138,970 shares of the company’s stock valued at $3,501,789,000 after buying an additional 2,464,618 shares during the last quarter. Northern Trust Corp grew its holdings in Coca-Cola by 4.8% during the 3rd quarter. Northern Trust Corp now owns 44,913,068 shares of the company’s stock worth $2,514,234,000 after acquiring an additional 2,040,664 shares in the last quarter. Invesco Ltd. increased its position in shares of Coca-Cola by 8.2% in the 3rd quarter. Invesco Ltd. now owns 25,845,340 shares of the company’s stock worth $1,446,822,000 after purchasing an additional 1,963,963 shares during the last quarter. Morgan Stanley boosted 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 valued at $4,503,484,000 after acquiring an additional 1,950,146 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of Coca-Cola by 16.4% during the fourth quarter. California Public Employees Retirement System now owns 13,804,908 shares of the company’s stock valued at $813,523,000 after purchasing an additional 1,949,500 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 247,188 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the transaction, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Coca-Cola news, CEO James Quincey sold 247,188 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total value of $15,063,636.72. Following the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at $26,968,753.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. Insiders have sold a total of 323,107 shares of company stock valued at $19,657,742 over the last quarter. Corporate insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup raised their price target on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. JPMorgan Chase & Co. cut their target price 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. Finally, Barclays upped their price target on shares of Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and an average price target of $67.22.

Coca-Cola Trading Up 0.5 %

Shares of KO stock opened at $62.04 on Tuesday. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.69. The firm has a market capitalization of $267.47 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59. The stock has a fifty day moving average of $60.17 and a two-hundred day moving average of $58.96. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. As a group, research analysts expect that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Thursday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio (DPR) is currently 78.23%.

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.