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

Sanibel Captiva Trust Company Inc. raised its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,713 shares of the company's stock after buying an additional 4,225 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Coca-Cola were worth $5,279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KO. Crowley Wealth Management Inc. acquired a new stake in Coca-Cola in the 4th quarter valued at about $27,000. Mainstream Capital Management LLC purchased a new position in Coca-Cola in the fourth quarter worth approximately $31,000. REAP Financial Group LLC grew its stake in shares of Coca-Cola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in Coca-Cola in the fourth quarter valued at $38,000. Finally, Hoey Investments Inc. raised its stake in Coca-Cola by 41.9% in the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock valued at $38,000 after buying an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, CFO John Murphy sold 88,658 shares of the 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 transaction, the chief financial officer now directly owns 205,511 shares of the company's stock, valued at approximately $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of Coca-Cola stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the sale, the executive vice president now owns 187,716 shares of the company's stock, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of recent analyst reports. UBS Group increased their price objective on Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Barclays reiterated an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Royal Bank of Canada boosted their price objective on shares of Coca-Cola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Piper Sandler increased their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, Evercore ISI boosted their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $76.00.

Coca-Cola Stock Performance

Shares of KO stock traded down $0.43 during midday trading on Wednesday, hitting $71.92. The company had a trading volume of 4,462,391 shares, compared to its average volume of 15,748,470. The stock has a market cap of $309.56 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 3.79 and a beta of 0.46. 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 company's 50 day simple moving average is $71.38 and its 200 day simple moving average is $67.72. The Coca-Cola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The firm had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Coca-Cola's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. Research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's dividend payout ratio is presently 81.60%.

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.