CocaCola Company (The) (NYSE:KO) Stock Holdings Increased by Field & Main Bank

Field & Main Bank grew its holdings in shares of CocaCola Company (The) (NYSE:KO) by 2.9% in the first quarter, HoldingsChannel reports. The fund owned 44,924 shares of the company’s stock after buying an additional 1,285 shares during the period. CocaCola makes up about 1.1% of Field & Main Bank’s portfolio, making the stock its 25th largest holding. Field & Main Bank’s holdings in CocaCola were worth $3,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Garde Capital Inc. acquired a new stake in shares of CocaCola in the first quarter valued at $30,000. Crowley Wealth Management Inc. bought a new stake in CocaCola in the fourth quarter worth about $27,000. Mizuho Securities Co. Ltd. lifted its holdings in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after acquiring an additional 360 shares during the last quarter. Moser Wealth Advisors LLC boosted its position in shares of CocaCola by 449.5% during the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company’s stock valued at $36,000 after purchasing an additional 409 shares in the last quarter. Finally, Mainstream Capital Management LLC acquired a new position in shares of CocaCola in the 4th quarter worth approximately $31,000. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the transaction, the executive vice president now directly owns 187,716 shares of the company’s stock, valued at $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John Murphy sold 88,658 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the transaction, the chief financial officer now owns 205,511 shares in the company, valued at approximately $14,815,287.99. This trade represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,387 shares of company stock worth $29,923,985 in the last ninety days. Insiders own 0.90% of the company’s stock.

CocaCola Price Performance

Shares of NYSE KO opened at $70.20 on Wednesday. The company has a fifty day moving average price of $71.42 and a 200 day moving average price of $68.17. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The firm has a market cap of $302.16 billion, a PE ratio of 28.08, a PEG ratio of 3.66 and a beta of 0.46. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57.

CocaCola (NYSE:KO) last announced its earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The business had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. Research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, June 13th. CocaCola’s dividend payout ratio (DPR) is presently 81.60%.

Analysts Set New Price Targets

Several research firms have issued reports on KO. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a report on Thursday, March 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Piper Sandler lifted their price target on CocaCola from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Cfra Research upgraded CocaCola to a “strong-buy” rating in a report on Tuesday, April 15th. Finally, Royal Bank Of Canada raised their target price on shares of CocaCola from $73.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $76.27.

About CocaCola

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.