Great Lakes Retirement Inc. Boosts Holdings in The Coca-Cola Company (NYSE:KO)

Great Lakes Retirement Inc. grew its position in The Coca-Cola Company (NYSE:KO) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,845 shares of the company’s stock after buying an additional 756 shares during the period. Great Lakes Retirement Inc.’s holdings in Coca-Cola were worth $1,153,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its holdings in shares of Coca-Cola by 2.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 19,658 shares of the company’s stock valued at $1,158,000 after purchasing an additional 499 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in Coca-Cola during the 4th quarter worth $495,000. Dynamic Advisor Solutions LLC raised its stake in Coca-Cola by 10.3% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 75,443 shares of the company’s stock worth $4,502,000 after acquiring an additional 7,069 shares in the last quarter. Thomasville National Bank grew its position in Coca-Cola by 8.0% during the 4th quarter. Thomasville National Bank now owns 125,645 shares of the company’s stock worth $7,404,000 after purchasing an additional 9,336 shares during the last quarter. Finally, Source Financial Advisors LLC grew its position in Coca-Cola by 23.8% during the 4th quarter. Source Financial Advisors LLC now owns 5,404 shares of the company’s stock worth $318,000 after purchasing an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.2 %

KO stock traded up $0.12 on Friday, hitting $65.31. 13,769,241 shares of the company were exchanged, compared to its average volume of 12,880,397. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $65.81. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The business’s fifty day moving average is $63.23 and its two-hundred day moving average is $61.29. The stock has a market capitalization of $281.35 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 3.70 and a beta of 0.59.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The company had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. Coca-Cola’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts forecast that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a $0.485 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.94 annualized dividend and a dividend yield of 2.97%. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KO shares. UBS Group lifted their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Evercore ISI boosted their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Barclays boosted their price objective on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Finally, Morgan Stanley boosted their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and an average target price of $70.00.

Insider Activity

In related news, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $61.99, for a total value of $3,551,903.02. Following the sale, the executive vice president now directly owns 167,107 shares of the company’s stock, valued at $10,358,962.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $61.99, for a total value of $3,551,903.02. Following the sale, the executive vice president now directly owns 167,107 shares of the company’s stock, valued at $10,358,962.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Monica Howard Douglas sold 8,874 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $63.31, for a total transaction of $561,812.94. Following the completion of the sale, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 841,588 shares of company stock worth $568,972,027. 0.97% of the stock is currently owned by company insiders.

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.