Parkside Financial Bank & Trust Has $1.31 Million Holdings in The Coca-Cola Company (NYSE:KO)

Parkside Financial Bank & Trust lifted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 45.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,250 shares of the company’s stock after purchasing an additional 6,915 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Coca-Cola were worth $1,311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SlateStone Wealth LLC lifted its stake in Coca-Cola by 21.2% during the fourth quarter. SlateStone Wealth LLC now owns 30,591 shares of the company’s stock worth $1,803,000 after purchasing an additional 5,356 shares during the last quarter. Monument Group Wealth Advisors LLC purchased a new position in shares of Coca-Cola in the fourth quarter valued at $637,000. Stockman Wealth Management Inc. raised its stake in shares of Coca-Cola by 3.2% during the 4th quarter. Stockman Wealth Management Inc. now owns 9,611 shares of the company’s stock valued at $566,000 after purchasing an additional 300 shares during the period. Larson Financial Group LLC lifted its holdings in Coca-Cola by 240.1% during the 4th quarter. Larson Financial Group LLC now owns 12,351 shares of the company’s stock worth $728,000 after purchasing an additional 8,719 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in Coca-Cola by 0.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 246,829 shares of the company’s stock valued at $14,546,000 after purchasing an additional 1,412 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO James Quincey sold 247,188 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction on 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 transaction, 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 SEC, which is accessible through the SEC website. Also, CEO James Quincey sold 247,188 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total value of $15,063,636.72. Following the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 375,407 shares of company stock valued at $22,795,742. Company insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 0.1 %

Coca-Cola stock traded up $0.06 during mid-day trading on Wednesday, hitting $60.70. The company’s stock had a trading volume of 2,483,537 shares, compared to its average volume of 13,746,746. The stock has a market cap of $261.69 billion, a PE ratio of 24.33, a P/E/G ratio of 3.46 and a beta of 0.59. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.69. The company has a 50 day moving average of $59.98 and a 200-day moving average of $58.72. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13.

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

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a dividend of $0.485 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.20%. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s payout ratio is currently 78.23%.

Wall Street Analysts Forecast Growth

KO has been the topic of several research reports. Citigroup raised their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Barclays increased their price target on shares of Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

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.