Town & Country Bank & Trust CO dba First Bankers Trust CO Has $2.40 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 14.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 33,520 shares of the company's stock after selling 5,678 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in Coca-Cola were worth $2,401,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of Coca-Cola by 18.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock worth $4,617,400,000 after purchasing an additional 11,569,920 shares in the last quarter. Norges Bank acquired a new position in shares of Coca-Cola during the 4th quarter worth approximately $3,402,151,000. Northern Trust Corp grew its position in shares of Coca-Cola by 9.5% during the 4th quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock worth $2,727,131,000 after purchasing an additional 3,811,756 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Coca-Cola by 21.9% during the 4th quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock worth $2,123,301,000 after purchasing an additional 6,118,819 shares in the last quarter. Finally, Capital International Investors grew its position in shares of Coca-Cola by 96.0% during the 4th quarter. Capital International Investors now owns 24,949,194 shares of the company's stock worth $1,553,337,000 after purchasing an additional 12,222,885 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Coca-Cola Price Performance

NYSE:KO traded up $0.64 on Friday, hitting $72.13. The company had a trading volume of 28,013,099 shares, compared to its average volume of 15,748,391. The stock has a market capitalization of $310.47 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 3.79 and a beta of 0.47. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The firm has a 50 day moving average of $71.35 and a two-hundred day moving average of $67.29. 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 announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The firm had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same period in the prior year, the company posted $0.72 EPS. The company's revenue was down .7% on a year-over-year basis. On average, research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, June 13th. Coca-Cola's dividend payout ratio (DPR) is presently 81.60%.

Analysts Set New Price Targets

KO has been the subject of a number of recent analyst reports. DZ Bank raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a report on Thursday, February 13th. Cfra Research raised shares of Coca-Cola to a "strong-buy" rating in a report on Tuesday, April 15th. 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 report on Wednesday, February 12th. Barclays reaffirmed an "overweight" rating on shares of Coca-Cola in a report on Thursday, March 27th. Finally, Piper Sandler upped their price target on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $75.81.

Insider Transactions at Coca-Cola

In other news, CFO John Murphy sold 88,658 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer now directly owns 205,511 shares in the company, valued at $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Henrique Braun sold 25,277 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the completion of the sale, the chief operating officer now owns 52,466 shares of the company's stock, valued at $3,749,745.02. The trade was a 32.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 229,761 shares of company stock worth $16,474,587 over the last three months. 0.97% of the stock is owned by company insiders.

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.