The Coca-Cola Company (NYSE:KO) Shares Bought by First PREMIER Bank

First PREMIER Bank lifted its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,262 shares of the company’s stock after acquiring an additional 624 shares during the quarter. First PREMIER Bank’s holdings in Coca-Cola were worth $3,395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MGO One Seven LLC grew its position in Coca-Cola by 19.2% in the fourth quarter. MGO One Seven LLC now owns 63,025 shares of the company’s stock worth $3,714,000 after buying an additional 10,157 shares during the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of Coca-Cola in the 4th quarter worth $670,000. Jacobi Capital Management LLC raised its position in shares of Coca-Cola by 1.4% during the fourth quarter. Jacobi Capital Management LLC now owns 78,343 shares of the company’s stock worth $4,617,000 after purchasing an additional 1,116 shares during the period. Putnam Investments LLC lifted its holdings in shares of Coca-Cola by 32.8% during the fourth quarter. Putnam Investments LLC now owns 12,032,095 shares of the company’s stock valued at $709,051,000 after purchasing an additional 2,973,234 shares during the last quarter. Finally, Caxton Associates LP boosted its position in shares of Coca-Cola by 3,032.9% in the 4th quarter. Caxton Associates LP now owns 217,581 shares of the company’s stock valued at $12,822,000 after purchasing an additional 210,636 shares during the period. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.5 %

Shares of NYSE KO opened at $69.50 on Wednesday. The stock has a market cap of $299.40 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 3.97 and a beta of 0.60. The business has a 50 day simple moving average of $70.43 and a 200 day simple moving average of $65.27. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The Coca-Cola Company has a 52 week low of $52.43 and a 52 week high of $73.53.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The company had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.78 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were given a $0.485 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.79%. Coca-Cola’s dividend payout ratio is currently 77.60%.

Wall Street Analyst Weigh In

Several analysts have issued reports on KO shares. Wells Fargo & Company boosted their price objective on Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. TD Cowen upped their price target on shares of Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada raised their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, BNP Paribas started coverage on Coca-Cola in a research report on Monday, June 24th. They issued an “outperform” rating and a $72.00 target price for the company. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus price target of $71.07.

Insider Transactions at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 37,787 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $66.96, for a total transaction of $2,530,217.52. Following the transaction, the executive vice president now owns 223,330 shares in the company, valued at $14,954,176.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Bruno Pietracci sold 38,653 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $69.01, for a total transaction of $2,667,443.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nancy Quan sold 37,787 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $66.96, for a total transaction of $2,530,217.52. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $14,954,176.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 376,096 shares of company stock worth $25,982,352. 0.97% of the stock is owned by corporate insiders.

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.