TIAA Trust National Association Has $21.66 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

TIAA Trust National Association increased its position in shares of The Coca-Cola Company (NYSE:KO) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 354,084 shares of the company’s stock after acquiring an additional 5,340 shares during the quarter. TIAA Trust National Association’s holdings in Coca-Cola were worth $21,663,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. BKM Wealth Management LLC acquired a new position in Coca-Cola in the fourth quarter valued at about $392,000. Ferguson Wellman Capital Management Inc. raised its position in shares of Coca-Cola by 10.4% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 28,164 shares of the company’s stock worth $1,660,000 after purchasing an additional 2,650 shares during the period. OneAscent Financial Services LLC raised its position in shares of Coca-Cola by 130.7% during the fourth quarter. OneAscent Financial Services LLC now owns 9,954 shares of the company’s stock worth $587,000 after purchasing an additional 5,639 shares during the period. Brookstone Capital Management raised its position in shares of Coca-Cola by 4.9% during the fourth quarter. Brookstone Capital Management now owns 47,059 shares of the company’s stock worth $2,773,000 after purchasing an additional 2,219 shares during the period. Finally, Paragon Capital Management Ltd raised its position in shares of Coca-Cola by 2.6% during the fourth quarter. Paragon Capital Management Ltd now owns 8,634 shares of the company’s stock worth $509,000 after purchasing an additional 221 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Argus raised their price target on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. BNP Paribas initiated coverage on Coca-Cola in a research report on Monday, June 24th. They set an “outperform” rating and a $72.00 price target on the stock. Bank of America raised their price target on Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Evercore ISI increased their price objective on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Coca-Cola Stock Up 0.2 %

KO stock traded up $0.10 during mid-day trading on Friday, reaching $65.29. The company had a trading volume of 13,775,672 shares, compared to its average volume of 11,171,430. 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 stock has a 50 day simple moving average of $63.23 and a two-hundred day simple moving average of $61.30. The company has a market capitalization of $281.27 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.70 and a beta of 0.59. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $65.81.

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

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Friday, June 14th. Coca-Cola’s payout ratio is currently 77.60%.

Insider Buying and Selling

In related news, EVP Beatriz R. Perez sold 57,298 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $61.99, for a total value of $3,551,903.02. Following the transaction, the executive vice president now owns 167,107 shares in the company, valued at $10,358,962.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $64.96, for a total value of $1,253,987.84. Following the transaction, the executive vice president now owns 223,330 shares in the company, valued at $14,507,516.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Beatriz R. Perez sold 57,298 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 167,107 shares in the company, valued at $10,358,962.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 841,588 shares of company stock worth $568,972,027. Company 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.