Parkside Financial Bank & Trust Acquires 438 Shares of The Coca-Cola Company (NYSE:KO)

Parkside Financial Bank & Trust raised its holdings in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 7.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,724 shares of the company’s stock after acquiring an additional 438 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Coca-Cola were worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nauset Wealth Management. LLC purchased a new position in shares of Coca-Cola during the 1st quarter valued at $27,000. Delos Wealth Advisors LLC grew its position in shares of Coca-Cola by 4,770.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $29,000 after purchasing an additional 477 shares in the last quarter. Carl Stuart Investment Advisor Inc. purchased a new position in shares of Coca-Cola during the 1st quarter valued at $34,000. Hillsdale Investment Management Inc. purchased a new position in shares of Coca-Cola during the 1st quarter valued at $35,000. Finally, Rational Advisors LLC purchased a new position in shares of Coca-Cola during the 1st quarter valued at $37,000. Institutional investors own 68.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KO shares. StockNews.com upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating in a research report on Saturday, August 6th. HSBC upped their target price on shares of Coca-Cola from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley cut their target price on shares of Coca-Cola from $76.00 to $74.00 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. UBS Group upped their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Finally, Credit Suisse Group set a $68.00 target price on shares of Coca-Cola in a research report on Wednesday, July 20th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and an average target price of $69.59.

Coca-Cola Stock Performance

Shares of NYSE:KO opened at $62.12 on Friday. The company has a market cap of $268.65 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 3.94 and a beta of 0.54. The company has a 50-day moving average price of $63.14 and a 200-day moving average price of $62.78. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.48. The Coca-Cola Company has a 12 month low of $52.28 and a 12 month high of $67.20.

Coca-Cola (NYSE:KOGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. The firm had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $10.57 billion. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.46 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 16th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Thursday, September 15th. Coca-Cola’s dividend payout ratio (DPR) is 79.64%.

Insider Buying and Selling

In related news, insider Henrique Braun sold 11,318 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $64.35, for a total value of $728,313.30. Following the completion of the transaction, the insider now directly owns 22,828 shares of the company’s stock, valued at $1,468,981.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Henrique Braun sold 11,318 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $64.35, for a total value of $728,313.30. Following the completion of the transaction, the insider now directly owns 22,828 shares of the company’s stock, valued at $1,468,981.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kathy Loveless sold 2,512 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,768.00. Following the completion of the transaction, the vice president now directly owns 1,370 shares of the company’s stock, valued at $87,680. The disclosure for this sale can be found here. Insiders sold a total of 45,830 shares of company stock valued at $2,939,961 over the last three months. Corporate insiders own 0.98% of the company’s stock.

Coca-Cola Profile

(Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-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.

Further Reading

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

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