Intrust Bank NA Buys 1,090 Shares of The Coca-Cola Company (NYSE:KO)

Intrust Bank NA grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,132 shares of the company’s stock after buying an additional 1,090 shares during the period. Intrust Bank NA’s holdings in Coca-Cola were worth $1,814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Allstate Corp boosted its stake in Coca-Cola by 2,983.3% during the 4th quarter. Allstate Corp now owns 121,728 shares of the company’s stock worth $7,579,000 after acquiring an additional 117,780 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Coca-Cola by 1.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 218,894 shares of the company’s stock worth $13,628,000 after purchasing an additional 3,859 shares in the last quarter. RiverFront Investment Group LLC boosted its position in shares of Coca-Cola by 16.4% during the fourth quarter. RiverFront Investment Group LLC now owns 122,309 shares of the company’s stock worth $7,615,000 after purchasing an additional 17,263 shares in the last quarter. Vertex Planning Partners LLC grew its holdings in shares of Coca-Cola by 16.0% in the 4th quarter. Vertex Planning Partners LLC now owns 3,920 shares of the company’s stock valued at $244,000 after buying an additional 541 shares during the period. Finally, Slagle Financial LLC increased its position in shares of Coca-Cola by 11.1% in the 4th quarter. Slagle Financial LLC now owns 86,177 shares of the company’s stock valued at $5,365,000 after buying an additional 8,613 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Nikolaos Koumettis sold 54,708 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total value of $3,882,079.68. Following the completion of the transaction, the insider now owns 246,909 shares of the company’s stock, valued at $17,520,662.64. The trade was a 18.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James Quincey sold 145,435 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total transaction of $10,327,339.35. Following the sale, the chief executive officer now owns 342,546 shares in the company, valued at $24,324,191.46. The trade was a 29.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 313,423 shares of company stock worth $22,263,071. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of research analyst reports. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Wednesday, January 8th. Evercore ISI increased their target price on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. UBS Group lifted their price target on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $74.24.

Coca-Cola Stock Down 0.5 %

Coca-Cola stock opened at $70.36 on Friday. The company’s 50-day moving average is $67.77 and its 200-day moving average is $66.45. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The firm has a market capitalization of $302.80 billion, a PE ratio of 28.49, a P/E/G ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Sell-side analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.90%. Coca-Cola’s dividend payout ratio (DPR) is currently 82.59%.

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.