First National Bank Sioux Falls Purchases Shares of 8,926 The Coca-Cola Company (NYSE:KO)

First National Bank Sioux Falls acquired a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,926 shares of the company's stock, valued at approximately $639,000.

A number of other institutional investors also recently bought and sold shares of KO. Crowley Wealth Management Inc. acquired a new position in Coca-Cola in the 4th quarter valued at about $27,000. Mainstream Capital Management LLC acquired a new stake in shares of Coca-Cola in the 4th quarter worth $31,000. REAP Financial Group LLC boosted its holdings in shares of Coca-Cola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Coca-Cola during the fourth quarter worth about $38,000. Finally, Hoey Investments Inc. raised its holdings in Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after purchasing an additional 181 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Price Performance

KO stock traded up $0.59 on Tuesday, reaching $72.36. The company had a trading volume of 12,260,422 shares, compared to its average volume of 15,791,949. The company's fifty day moving average is $71.39 and its 200 day moving average is $67.68. The company has a market cap of $311.44 billion, a P/E ratio of 29.29, a PEG ratio of 3.79 and a beta of 0.46. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The Coca-Cola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The company had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The business's revenue for the quarter was down .7% compared to the same quarter last year. On average, research analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.82%. The ex-dividend date is Friday, June 13th. Coca-Cola's payout ratio is 81.60%.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 266,403 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the transaction, the chief executive officer now directly owns 275,946 shares in the company, valued at approximately $19,884,668.76. This represents a 49.12% 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. Also, CFO John Murphy sold 88,658 shares of Coca-Cola stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the sale, the chief financial officer now owns 205,511 shares of the company's stock, valued at $14,815,287.99. This trade represents a 30.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 415,387 shares of company stock worth $29,923,985. Corporate insiders own 0.97% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on KO shares. UBS Group boosted their target price on Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada upped their price objective on Coca-Cola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective on Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Piper Sandler boosted their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company upped their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola currently has a consensus rating of "Buy" and a consensus price target of $76.00.

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.