Trust Co. of Oklahoma Trims Holdings in The Coca-Cola Company (NYSE:KO)

Trust Co. of Oklahoma decreased its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,089 shares of the company’s stock after selling 213 shares during the period. Trust Co. of Oklahoma’s holdings in Coca-Cola were worth $788,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC bought a new position in Coca-Cola in the 1st quarter worth about $25,000. Freedom Wealth Alliance LLC purchased a new position in shares of Coca-Cola during the fourth quarter worth about $25,000. Fortis Capital Advisors LLC bought a new position in shares of Coca-Cola in the fourth quarter worth approximately $30,000. NewSquare Capital LLC raised its stake in Coca-Cola by 62.5% in the first quarter. NewSquare Capital LLC now owns 507 shares of the company’s stock valued at $31,000 after purchasing an additional 195 shares in the last quarter. Finally, KB Financial Partners LLC bought a new stake in Coca-Cola during the first quarter valued at approximately $31,000. Institutional investors own 68.96% of the company’s stock.

Insider Transactions at Coca-Cola

In related news, SVP Monica Howard Douglas sold 21,074 shares of Coca-Cola stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $60.90, for a total transaction of $1,283,406.60. Following the completion of the transaction, the senior vice president now directly owns 18,360 shares of the company’s stock, valued at approximately $1,118,124. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Monica Howard Douglas sold 21,074 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $60.90, for a total value of $1,283,406.60. Following the sale, the senior vice president now directly owns 18,360 shares of the company’s stock, valued at $1,118,124. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Beatriz R. Perez sold 50,000 shares of Coca-Cola stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $62.66, for a total value of $3,133,000.00. Following the completion of the transaction, the senior vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,984,378.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 227,364 shares of company stock valued at $14,122,016. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the topic of several research reports. Royal Bank of Canada raised their price objective on shares of Coca-Cola from $69.00 to $70.00 in a research report on Thursday, July 27th. Wedbush lifted their price target on Coca-Cola from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. HSBC decreased their price objective on Coca-Cola from $77.00 to $74.00 in a report on Wednesday, June 7th. Barclays lifted their price target on shares of Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola from $67.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $68.33.

Coca-Cola Trading Down 0.3 %

Shares of Coca-Cola stock traded down $0.17 during midday trading on Monday, reaching $57.77. 4,734,756 shares of the company’s stock traded hands, compared to its average volume of 13,108,337. The stock has a 50 day moving average of $60.49 and a 200-day moving average of $61.25. The Coca-Cola Company has a 12 month low of $54.01 and a 12 month high of $64.99. The company has a market cap of $249.82 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 3.43 and a beta of 0.55. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.14.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. The business had revenue of $12 billion during the quarter, compared to analyst estimates of $11.74 billion. Coca-Cola had a net margin of 23.81% and a return on equity of 43.06%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 EPS. As a group, equities analysts expect that The Coca-Cola Company will post 2.63 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.19%. Coca-Cola’s dividend payout ratio (DPR) is 75.72%.

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.