WoodTrust Financial Corp Decreases Stock Position in The Coca-Cola Company (NYSE:KO)

WoodTrust Financial Corp lowered its position in shares of The Coca-Cola Company (NYSE:KO) by 3.7% during the third quarter, HoldingsChannel reports. The firm owned 10,793 shares of the company’s stock after selling 415 shares during the period. WoodTrust Financial Corp’s holdings in Coca-Cola were worth $776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bridgewater Advisors Inc. increased its stake in Coca-Cola by 9.2% during the 3rd quarter. Bridgewater Advisors Inc. now owns 15,713 shares of the company’s stock worth $1,030,000 after buying an additional 1,326 shares during the period. Walkner Condon Financial Advisors LLC grew its stake in shares of Coca-Cola by 16.2% during the third quarter. Walkner Condon Financial Advisors LLC now owns 4,629 shares of the company’s stock valued at $333,000 after acquiring an additional 645 shares in the last quarter. Baugh & Associates LLC increased its position in shares of Coca-Cola by 11.5% during the third quarter. Baugh & Associates LLC now owns 4,582 shares of the company’s stock worth $329,000 after acquiring an additional 473 shares during the last quarter. Advisor Resource Council acquired a new position in shares of Coca-Cola in the third quarter worth about $769,000. Finally, Graypoint LLC boosted its holdings in Coca-Cola by 5.2% in the third quarter. Graypoint LLC now owns 36,910 shares of the company’s stock valued at $2,652,000 after purchasing an additional 1,836 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Stock Down 2.6 %

KO stock opened at $63.68 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The firm’s 50-day simple moving average is $69.90 and its 200 day simple moving average is $66.43. The stock has a market cap of $274.30 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 3.96 and a beta of 0.61. The Coca-Cola Company has a fifty-two week low of $56.06 and a fifty-two week high of $73.53.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company had revenue of $11.85 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is 80.17%.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 102,533 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $30,987,070.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Coca-Cola news, CEO James Quincey sold 102,533 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the completion of the transaction, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at approximately $30,987,070.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at $15,968,095. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 203,748 shares of company stock valued at $14,274,431 over the last 90 days. 0.97% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KO. Wells Fargo & Company raised their price target on shares of Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Royal Bank of Canada upped their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Barclays decreased their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. TD Cowen upped their price objective on Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.80.

About Coca-Cola

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.