The Coca-Cola Company (NYSE:KO) Shares Bought by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown increased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 1.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,003 shares of the company’s stock after purchasing an additional 209 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in Coca-Cola were worth $766,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Freedom Wealth Alliance LLC acquired a new stake in Coca-Cola during the 4th quarter worth approximately $25,000. ZRC Wealth Management LLC grew its position in Coca-Cola by 213.3% in the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in Coca-Cola in the fourth quarter valued at approximately $30,000. KB Financial Partners LLC acquired a new stake in Coca-Cola in the first quarter valued at approximately $31,000. Finally, Retirement Group LLC grew its position in Coca-Cola by 51.5% in the fourth quarter. Retirement Group LLC now owns 550 shares of the company’s stock valued at $35,000 after acquiring an additional 187 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on KO shares. Citigroup increased their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. reduced their target price on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Barclays raised their price objective on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.09.

Insiders Place Their Bets

In other news, EVP Beatriz R. Perez sold 52,300 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at $8,602,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Beatriz R. Perez sold 52,300 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at $8,602,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Quincey sold 247,188 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at $26,968,753.24. The disclosure for this sale can be found here. Insiders have sold 375,407 shares of company stock valued at $22,795,742 over the last three months. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

NYSE KO traded up $0.59 during trading hours on Friday, hitting $59.50. The company had a trading volume of 5,583,920 shares, compared to its average volume of 13,670,474. 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 quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The business has a fifty day simple moving average of $59.92 and a 200-day simple moving average of $58.53. The firm has a market cap of $256.52 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, topping 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 firm had revenue of $10.80 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts predict that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.485 dividend. The ex-dividend date was Thursday, March 14th. 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 3.26%. Coca-Cola’s dividend payout ratio (DPR) is currently 78.23%.

Coca-Cola 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.