Security National Bank of Sioux City Iowa IA trimmed its position in The Coca-Cola Company (NYSE:KO) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,032 shares of the company’s stock after selling 290 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in The Coca-Cola were worth $951,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Retirement Group LLC grew its position in The Coca-Cola by 70.4% in the 1st quarter. Retirement Group LLC now owns 484 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Paradigm Strategies in Wealth Management LLC purchased a new position in The Coca-Cola in the 1st quarter valued at $29,000. Elkhorn Partners Limited Partnership purchased a new position in The Coca-Cola in the 1st quarter valued at $32,000. Merrion Investment Management Co LLC purchased a new position in The Coca-Cola in the 4th quarter valued at $33,000. Finally, Alpha DNA Investment Management LLC purchased a new position in The Coca-Cola in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.
Shares of NYSE:KO traded down $0.04 on Friday, hitting $55.87. The company’s stock had a trading volume of 196,502 shares, compared to its average volume of 17,267,244. The Coca-Cola Company has a 12 month low of $43.51 and a 12 month high of $56.48. The firm has a market capitalization of $240.89 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61. The company’s 50-day moving average price is $54.37. The company has a quick ratio of 1.13, a current ratio of 1.33 and a debt-to-equity ratio of 1.80.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 1st. Stockholders of record on Tuesday, June 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Monday, June 14th. This represents a $1.68 annualized dividend and a dividend yield of 3.01%. The Coca-Cola’s payout ratio is 86.15%.
Several research analysts have recently issued reports on the company. Credit Suisse Group reaffirmed a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a research note on Wednesday, April 21st. Royal Bank of Canada upgraded The Coca-Cola from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $55.00 to $60.00 in a report on Monday, March 8th. Morgan Stanley boosted their price target on The Coca-Cola from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, June 4th. Evercore ISI boosted their price target on The Coca-Cola from $60.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 20th. Finally, Citigroup boosted their price target on The Coca-Cola from $54.00 to $57.00 in a research report on Tuesday, April 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The Coca-Cola has a consensus rating of “Buy” and an average price target of $58.00.
In other news, CEO James Quincey sold 110,000 shares of the company’s stock in a transaction on Friday, April 23rd. The stock was sold at an average price of $54.48, for a total value of $5,992,800.00. Following the completion of the sale, the chief executive officer now owns 266,718 shares in the company, valued at $14,530,796.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nikolaos Koumettis sold 55,392 shares of the company’s stock in a transaction on Friday, June 4th. The shares were sold at an average price of $55.89, for a total value of $3,095,858.88. Following the completion of the sale, the insider now owns 170,403 shares of the company’s stock, valued at approximately $9,523,823.67. The disclosure for this sale can be found here. In the last three months, insiders sold 255,893 shares of company stock valued at $13,956,239. Company insiders own 1.01% of the company’s stock.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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