Greenleaf Trust Has $10.13 Million Stock Position in The Coca-Cola Company (NYSE:KO)

Greenleaf Trust raised its holdings in The Coca-Cola Company (NYSE:KO) by 30.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 171,852 shares of the company’s stock after acquiring an additional 40,518 shares during the quarter. Greenleaf Trust’s holdings in Coca-Cola were worth $10,127,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. Freedom Wealth Alliance LLC bought a new stake in shares of Coca-Cola in the 4th quarter valued at $25,000. ZRC Wealth Management LLC boosted its stake in Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares in the last quarter. Fortis Capital Advisors LLC acquired a new position in shares of Coca-Cola during the fourth quarter valued at about $30,000. KB Financial Partners LLC acquired a new position in shares of Coca-Cola during the first quarter valued at about $31,000. Finally, Retirement Group LLC grew its holdings in shares of Coca-Cola by 51.5% during the fourth quarter. Retirement Group LLC now owns 550 shares of the company’s stock valued at $35,000 after buying an additional 187 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday. Citigroup lifted their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Barclays lifted their target price on shares of 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 presently has an average rating of “Moderate Buy” and a consensus price target of $67.09.

Coca-Cola Price Performance

NYSE:KO traded up $1.26 during mid-day trading on Friday, hitting $60.17. 20,769,380 shares of the stock traded hands, compared to its average volume of 13,878,950. 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 Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.99. The company has a market cap of $259.40 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59. The business’s 50-day moving average price is $59.92 and its 200 day moving average price is $58.53.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The business had revenue of $10.80 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.22%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, March 14th. Coca-Cola’s payout ratio is presently 78.23%.

Insider Transactions at Coca-Cola

In related news, insider Bruno Pietracci sold 18,551 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Coca-Cola news, CEO James Quincey sold 247,188 shares of the company’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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruno Pietracci sold 18,551 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 375,407 shares of company stock worth $22,795,742. 0.97% of the stock is currently owned by 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.