Greenleaf Trust Has $10.13 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Greenleaf Trust lifted its stake in The Coca-Cola Company (NYSE:KO) by 30.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,852 shares of the company’s stock after acquiring an additional 40,518 shares during the quarter. Greenleaf Trust’s holdings in Coca-Cola were worth $10,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Freedom Wealth Alliance LLC bought a new stake in Coca-Cola in the fourth quarter worth $25,000. ZRC Wealth Management LLC boosted its holdings in Coca-Cola by 213.3% in the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares in the last quarter. Fortis Capital Advisors LLC bought a new stake in Coca-Cola in the fourth quarter worth $30,000. KB Financial Partners LLC bought a new stake in Coca-Cola in the first quarter worth $31,000. Finally, Retirement Group LLC boosted its holdings in Coca-Cola by 51.5% during the fourth quarter. Retirement Group LLC now owns 550 shares of the company’s stock valued at $35,000 after acquiring an additional 187 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Friday. Barclays upped their price target on shares of Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Citigroup upped their price target on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and an average price target of $67.09.

Insider Activity

In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total value of $3,491,990.16. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total value of $3,491,990.16. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 52,300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the completion of the transaction, the executive vice president now directly owns 143,383 shares in the company, valued at $8,602,980. The disclosure for this sale can be found here. Insiders have sold 375,407 shares of company stock valued at $22,795,742 over the last three months. 0.97% of the stock is owned by insiders.

Coca-Cola Price Performance

NYSE:KO traded up $1.26 during mid-day trading on Friday, hitting $60.17. The company’s stock had a trading volume of 20,769,380 shares, compared to its average volume of 13,878,950. The company has a market capitalization of $259.40 billion, a price-to-earnings ratio of 24.29, a P/E/G ratio of 3.32 and a beta of 0.59. The stock has a fifty day moving average of $59.92 and a 200-day moving average of $58.53. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.99.

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

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.485 per share. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Thursday, March 14th. Coca-Cola’s dividend payout ratio is 78.23%.

Coca-Cola Profile

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.