United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires 137,459 Shares of The Coca-Cola Company (NYSE:KO)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its position in shares of The Coca-Cola Company (NYSE:KO) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 719,401 shares of the company’s stock after acquiring an additional 137,459 shares during the period. Coca-Cola accounts for 2.2% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 17th biggest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Coca-Cola were worth $42,394,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Castleview Partners LLC grew its stake in shares of Coca-Cola by 4.4% during the first quarter. Castleview Partners LLC now owns 3,973 shares of the company’s stock valued at $246,000 after acquiring an additional 167 shares in the last quarter. Enterprise Bank & Trust Co grew its position in shares of Coca-Cola by 3.4% during the fourth quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock worth $296,000 after buying an additional 167 shares in the last quarter. Elk River Wealth Management LLC increased its stake in shares of Coca-Cola by 1.6% in the fourth quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock worth $639,000 after buying an additional 170 shares during the last quarter. KRS Capital Management LLC raised its holdings in Coca-Cola by 3.8% in the fourth quarter. KRS Capital Management LLC now owns 4,645 shares of the company’s stock valued at $274,000 after acquiring an additional 170 shares in the last quarter. Finally, Somerville Kurt F boosted its stake in Coca-Cola by 0.8% during the 1st quarter. Somerville Kurt F now owns 21,377 shares of the company’s stock valued at $1,325,000 after acquiring an additional 172 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Citigroup boosted their price objective on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Barclays increased their target price on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Two analysts have rated the stock with a hold rating and six have given a 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 price target of $67.18.

Coca-Cola Stock Performance

NYSE:KO traded up $0.42 during midday trading on Wednesday, reaching $58.48. 9,654,431 shares of the company traded hands, compared to its average volume of 13,749,526. The firm has a market capitalization of $252.12 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 3.30 and a beta of 0.59. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.99. The company has a fifty day moving average price of $59.97 and a 200 day moving average price of $58.52.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business had revenue of $10.80 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. On average, analysts expect that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $0.485 dividend. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Thursday, March 14th. Coca-Cola’s payout ratio is presently 78.23%.

Insider Activity at Coca-Cola

In other news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $13,594,097.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock valued at $22,795,742 over the last ninety days. Insiders own 0.97% of the company’s stock.

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.