WoodTrust Financial Corp Sells 1,046 Shares of CocaCola Company (The) (NYSE:KO)

WoodTrust Financial Corp decreased its position in CocaCola Company (The) (NYSE:KO) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,750 shares of the company’s stock after selling 1,046 shares during the quarter. WoodTrust Financial Corp’s holdings in CocaCola were worth $699,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KO. Crowley Wealth Management Inc. bought a new stake in CocaCola during the fourth quarter worth approximately $27,000. Garde Capital Inc. bought a new stake in CocaCola during the first quarter worth approximately $30,000. Mainstream Capital Management LLC bought a new stake in CocaCola during the fourth quarter worth approximately $31,000. Mizuho Securities Co. Ltd. boosted its position in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after purchasing an additional 360 shares during the period. Finally, REAP Financial Group LLC boosted its position in CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the period. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Performance

Shares of NYSE KO opened at $69.77 on Tuesday. The business has a fifty day simple moving average of $71.45 and a 200 day simple moving average of $68.16. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $300.31 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 3.61 and a beta of 0.46. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. CocaCola’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. Sell-side analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Friday, June 13th. CocaCola’s dividend payout ratio (DPR) is 81.60%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KO. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a research report on Thursday, March 27th. Piper Sandler upped their price target on CocaCola from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Royal Bank Of Canada upped their price target on CocaCola from $73.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Cfra Research upgraded CocaCola to a “strong-buy” rating in a report on Tuesday, April 15th. Finally, UBS Group upped their price target on CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $76.00.

Insider Buying and Selling at CocaCola

In other CocaCola news, CFO John Murphy sold 88,658 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the sale, the chief financial officer now directly owns 205,511 shares in the company, valued at $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the sale, the executive vice president now owns 187,716 shares in the company, valued at $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 415,387 shares of company stock worth $29,923,985 over the last three months. Company insiders own 0.90% of the company’s stock.

About CocaCola

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.