WoodTrust Financial Corp Has $575,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

WoodTrust Financial Corp cut its stake in The Coca-Cola Company (NYSE:KOFree Report) by 70.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,756 shares of the company’s stock after selling 23,494 shares during the quarter. WoodTrust Financial Corp’s holdings in Coca-Cola were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of KO. Freedom Wealth Alliance LLC acquired a new position in Coca-Cola during the fourth quarter worth $25,000. Hibernia Wealth Partners LLC acquired a new position in Coca-Cola during the third quarter worth $25,000. ZRC Wealth Management LLC increased its position 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 buying an additional 320 shares during the last quarter. Fortis Capital Advisors LLC acquired a new position in Coca-Cola during the fourth quarter worth $30,000. Finally, KB Financial Partners LLC acquired a new position in Coca-Cola during the first quarter worth $31,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on Coca-Cola

Insider Transactions at Coca-Cola

In related news, insider Bruno Pietracci sold 18,551 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Bruno Pietracci sold 18,551 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the completion of the transaction, the executive vice president now owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The disclosure for this sale can be found here. Insiders have sold 375,407 shares of company stock valued at $22,795,742 in the last three months. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Price Performance

KO traded down $0.33 during midday trading on Wednesday, reaching $59.82. 7,028,546 shares of the company’s stock were exchanged, compared to its average volume of 14,019,248. The firm has a market capitalization of $257.90 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 3.44 and a beta of 0.59. 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 one year low of $51.55 and a one year high of $64.99. The business has a 50-day simple moving average of $60.13 and a two-hundred day simple moving average of $58.39.

Coca-Cola (NYSE:KOGet Free Report) last announced its earnings results on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $10.80 billion for 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%. Coca-Cola’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. As a group, research analysts predict that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.485 dividend. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Thursday, March 14th. Coca-Cola’s payout ratio is presently 78.23%.

Coca-Cola Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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