Glenview Trust Co Increases Stake in The Coca-Cola Company (NYSE:KO)

Glenview Trust Co boosted its position in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 0.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 442,922 shares of the company’s stock after purchasing an additional 1,605 shares during the quarter. Coca-Cola comprises about 0.9% of Glenview Trust Co’s holdings, making the stock its 26th biggest holding. Glenview Trust Co’s holdings in Coca-Cola were worth $27,461,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Curi Wealth Management LLC bought a new position in Coca-Cola during the 4th quarter valued at about $25,000. Nauset Wealth Management. LLC bought a new position in shares of Coca-Cola in the 1st quarter worth approximately $27,000. Shore Point Advisors LLC bought a new position in shares of Coca-Cola in the 4th quarter worth approximately $28,000. Delos Wealth Advisors LLC lifted its stake in shares of Coca-Cola by 4,770.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock worth $29,000 after purchasing an additional 477 shares during the period. Finally, Horan Securities Inc. bought a new position in shares of Coca-Cola in the 4th quarter worth approximately $32,000. 68.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Coca-Cola

In other news, VP Kathy Loveless sold 2,512 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $64.00, for a total value of $160,768.00. Following the completion of the sale, the vice president now directly owns 1,370 shares of the company’s stock, valued at approximately $87,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Carolyn Everson purchased 983 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was bought at an average cost of $62.29 per share, with a total value of $61,231.07. Following the completion of the acquisition, the director now directly owns 1,500 shares in the company, valued at approximately $93,435. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kathy Loveless sold 2,512 shares of Coca-Cola stock in a transaction on Friday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,768.00. Following the completion of the sale, the vice president now directly owns 1,370 shares of the company’s stock, valued at approximately $87,680. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Coca-Cola Price Performance

Shares of KO stock traded up $0.14 on Friday, reaching $65.36. The company’s stock had a trading volume of 199,762 shares, compared to its average volume of 11,425,917. The stock’s fifty day simple moving average is $62.64 and its 200-day simple moving average is $62.63. The Coca-Cola Company has a 1 year low of $52.28 and a 1 year high of $67.20. 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 company has a market capitalization of $282.66 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 4.11 and a beta of 0.53.

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

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 16th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.76 annualized dividend and a dividend yield of 2.69%. Coca-Cola’s dividend payout ratio (DPR) is 79.64%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. set a $70.00 price objective on shares of Coca-Cola in a research note on Tuesday, July 26th. Cowen increased their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 26th. Cowen raised their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 26th. Royal Bank of Canada set a $69.00 target price on shares of Coca-Cola in a research note on Tuesday, July 26th. Finally, Citigroup raised their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 26th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.35.

Coca-Cola Profile

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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.

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

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