Gleason Group Inc. Has $873,000 Stock Position in The Coca-Cola Company (NYSE:KO)

Gleason Group Inc. grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,819 shares of the company’s stock after purchasing an additional 234 shares during the quarter. Gleason Group Inc.’s holdings in Coca-Cola were worth $873,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Insigneo Advisory Services LLC increased its holdings in shares of Coca-Cola by 12.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 41,683 shares of the company’s stock worth $2,354,000 after acquiring an additional 4,527 shares during the last quarter. HF Advisory Group LLC increased its holdings in shares of Coca-Cola by 7.6% during the 3rd quarter. HF Advisory Group LLC now owns 6,770 shares of the company’s stock worth $379,000 after acquiring an additional 476 shares during the last quarter. Wahed Invest LLC increased its holdings in shares of Coca-Cola by 10.3% during the 3rd quarter. Wahed Invest LLC now owns 61,355 shares of the company’s stock worth $3,435,000 after acquiring an additional 5,707 shares during the last quarter. Tucker Asset Management LLC increased its holdings in shares of Coca-Cola by 110.4% during the 2nd quarter. Tucker Asset Management LLC now owns 9,052 shares of the company’s stock worth $545,000 after acquiring an additional 4,749 shares during the last quarter. Finally, Cohen Lawrence B increased its holdings in shares of Coca-Cola by 2.8% during the 3rd quarter. Cohen Lawrence B now owns 40,872 shares of the company’s stock worth $2,288,000 after acquiring an additional 1,111 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Performance

NYSE KO traded up $0.15 on Friday, reaching $61.18. The stock had a trading volume of 13,683,528 shares, compared to its average volume of 14,604,461. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a fifty day moving average of $60.08 and a two-hundred day moving average of $58.34. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.99. The company has a market cap of $263.76 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $10.80 billion during the quarter, compared to the consensus estimate of $10.68 billion. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. On average, equities research analysts anticipate 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 will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.17%. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, March 14th. Coca-Cola’s dividend payout ratio is presently 78.23%.

Insider Activity

In other news, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $13,594,097.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO James Quincey sold 247,188 shares of the company’s 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 sale, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $26,968,753.24. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total value of $3,491,990.16. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The disclosure for this sale can be found here. In the last three months, insiders sold 375,407 shares of company stock worth $22,795,742. 0.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays boosted their target price on Coca-Cola from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Citigroup boosted their target price on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. upped their price objective on Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.00.

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.