WoodTrust Financial Corp Buys 1,108 Shares of The Coca-Cola Company (NYSE:KO)

WoodTrust Financial Corp grew its holdings in The Coca-Cola Company (NYSE:KO) by 11.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,864 shares of the company’s stock after purchasing an additional 1,108 shares during the quarter. WoodTrust Financial Corp’s holdings in Coca-Cola were worth $664,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Norges Bank acquired a new stake in Coca-Cola in the fourth quarter worth $2,808,056,000. Fisher Asset Management LLC increased its stake in Coca-Cola by 11,138.6% during the 4th quarter. Fisher Asset Management LLC now owns 4,977,819 shares of the company’s stock worth $293,343,000 after purchasing an additional 4,933,527 shares in the last quarter. Pathstone Holdings LLC acquired a new position in shares of Coca-Cola in the fourth quarter valued at approximately $193,342,000. Putnam Investments LLC lifted its position in Coca-Cola by 32.8% in the 4th quarter. Putnam Investments LLC now owns 12,032,095 shares of the company’s stock valued at $709,051,000 after acquiring an additional 2,973,234 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Coca-Cola by 7.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 40,564,179 shares of the company’s stock worth $2,390,448,000 after purchasing an additional 2,893,061 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Beatriz R. Perez sold 57,298 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $61.99, for a total value of $3,551,903.02. Following the completion of the sale, the executive vice president now owns 167,107 shares of the company’s stock, valued at $10,358,962.93. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the stock in a transaction that occurred 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 in the company, valued at $13,644,979.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 value of $3,551,903.02. Following the sale, the executive vice president now 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 sold a total of 223,665 shares of company stock valued at $13,995,465 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

Shares of NYSE:KO traded down $0.26 on Friday, reaching $63.65. 17,358,827 shares of the company’s stock were exchanged, compared to its average volume of 11,241,235. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.36. The company has a fifty day moving average of $62.72 and a 200-day moving average of $60.77. The company has a market capitalization of $274.20 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.61 and a beta of 0.59. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share (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 firm had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.01 billion. During the same period in the prior year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, research analysts predict that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The business 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 dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.05%. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. UBS Group lifted their target price on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Morgan Stanley boosted their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Evercore ISI boosted their price target 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. Argus raised their price objective on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. increased their price target on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.83.

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.