Park National Corp OH Has $30.96 Million Stock Holdings in CocaCola Company (The) $KO

Park National Corp OH lifted its position in shares of CocaCola Company (The) (NYSE:KO) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 466,784 shares of the company’s stock after purchasing an additional 11,916 shares during the quarter. Park National Corp OH’s holdings in CocaCola were worth $30,957,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in KO. 1248 Management LLC acquired a new position in shares of CocaCola in the 1st quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased its position in shares of CocaCola by 5,142.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after acquiring an additional 360 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of CocaCola during the second quarter worth $26,000. GFG Capital LLC bought a new stake in CocaCola in the 2nd quarter valued at $34,000. Finally, MMA Asset Management LLC acquired a new position in CocaCola in the 2nd quarter worth $34,000. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

KO has been the topic of several recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Barclays reiterated an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Bank of America lifted their price objective on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 7th. Wells Fargo & Company increased their price objective on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, UBS Group reissued a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to data from MarketBeat, CocaCola currently has an average rating of “Buy” and an average price target of $79.08.

Insider Activity at CocaCola

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the transaction, the executive vice president owned 223,330 shares in the company, valued at $15,894,396.10. This represents a 12.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Max R. Levchin bought 7,206 shares of the stock in a transaction dated Friday, October 24th. The shares were acquired at an average cost of $69.87 per share, for a total transaction of $503,483.22. Following the completion of the acquisition, the director directly owned 14,267 shares of the company’s stock, valued at approximately $996,835.29. This trade represents a 102.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have sold 225,252 shares of company stock valued at $15,953,007. 0.90% of the stock is currently owned by insiders.

CocaCola Trading Up 0.6%

Shares of CocaCola stock opened at $70.97 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. The business has a fifty day simple moving average of $69.95 and a two-hundred day simple moving average of $69.47. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a market capitalization of $305.28 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 3.92 and a beta of 0.39.

CocaCola (NYSE:KO) last released its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The firm had revenue of $11.40 billion for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. Research analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, December 1st. CocaCola’s dividend payout ratio is currently 67.55%.

CocaCola 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.