The Coca-Cola Company (NYSE:KO) Shares Bought by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. grew its stake in The Coca-Cola Company (NYSE:KO) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,488 shares of the company’s stock after purchasing an additional 2,683 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Coca-Cola were worth $4,326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of KO. Howard Financial Services LTD. increased its stake in Coca-Cola by 13.5% during the 4th quarter. Howard Financial Services LTD. now owns 7,591 shares of the company’s stock worth $473,000 after buying an additional 903 shares in the last quarter. Verity & Verity LLC boosted its stake in shares of Coca-Cola by 59.6% in the fourth quarter. Verity & Verity LLC now owns 65,652 shares of the company’s stock worth $4,087,000 after acquiring an additional 24,518 shares during the last quarter. Integrated Investment Consultants LLC increased its position in shares of Coca-Cola by 268.6% during the fourth quarter. Integrated Investment Consultants LLC now owns 20,864 shares of the company’s stock worth $1,299,000 after purchasing an additional 15,204 shares in the last quarter. InTrack Investment Management Inc raised its stake in Coca-Cola by 33.4% in the 4th quarter. InTrack Investment Management Inc now owns 15,218 shares of the company’s stock valued at $944,000 after purchasing an additional 3,811 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in Coca-Cola by 1.7% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 36,653 shares of the company’s stock worth $2,282,000 after purchasing an additional 620 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.8 %

Shares of KO stock opened at $62.76 on Friday. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The firm has a market cap of $270.34 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 3.35 and a beta of 0.61. The company has a 50-day moving average of $62.71 and a two-hundred day moving average of $66.41. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS. On average, analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Insider Activity

In other news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the transaction, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on KO. UBS Group reduced their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company cut their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Hsbc Global Res upgraded Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Piper Sandler started coverage on Coca-Cola in a report on Tuesday, January 7th. They issued an “overweight” rating and a $74.00 price target for the company. Finally, Truist Financial boosted their price objective on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $72.13.

Coca-Cola Company 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.