The Coca-Cola Company (NYSE:KO) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its position in shares of The Coca-Cola Company (NYSE:KO) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,225,080 shares of the company’s stock after selling 940,897 shares during the quarter. National Bank of Canada FI’s holdings in Coca-Cola were worth $192,914,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. ZRC Wealth Management LLC grew its holdings 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 purchasing an additional 320 shares during the last quarter. Criterion Capital Advisors LLC acquired a new stake in Coca-Cola in the 4th quarter valued at about $30,000. Financial Connections Group Inc. purchased a new position in Coca-Cola during the 4th quarter valued at about $38,000. Avion Wealth raised its position in Coca-Cola by 64.8% during the fourth quarter. Avion Wealth now owns 819 shares of the company’s stock worth $48,000 after acquiring an additional 322 shares during the last quarter. Finally, Fortitude Family Office LLC purchased a new stake in shares of Coca-Cola in the fourth quarter valued at about $53,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coca-Cola

In other news, 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 owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $59.41, for a total value of $1,102,114.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Quincey sold 247,188 shares of the business’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 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 a total of 323,107 shares of company stock valued at $19,657,742 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 0.3 %

NYSE:KO traded up $0.18 during trading hours on Friday, reaching $62.17. 11,628,675 shares of the company were exchanged, compared to its average volume of 13,782,690. The firm has a market cap of $268.03 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 3.54 and a beta of 0.57. The stock has a 50 day simple moving average of $60.24 and a 200 day simple moving average of $59.12. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.25. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.95.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The business had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same period last year, the company posted $0.68 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts predict that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Announces Dividend

The company also recently announced 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. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s payout ratio is currently 77.60%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KO shares. Citigroup raised their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Barclays boosted their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore ISI raised their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, UBS Group raised their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.27.

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.