The Coca-Cola Company (NYSE:KO) Shares Bought by United Bank

United Bank boosted its position in The Coca-Cola Company (NYSE:KO - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,477 shares of the company's stock after purchasing an additional 3,589 shares during the period. Coca-Cola comprises 2.2% of United Bank's portfolio, making the stock its 13th biggest holding. United Bank's holdings in Coca-Cola were worth $5,260,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Rice Partnership LLC raised its stake in Coca-Cola by 7.1% during the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock worth $6,397,000 after acquiring an additional 6,793 shares during the period. Fiduciary Alliance LLC raised its position in shares of Coca-Cola by 87.7% during the 4th quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock valued at $1,132,000 after purchasing an additional 8,499 shares during the period. Wellington Management Group LLP lifted its stake in shares of Coca-Cola by 14.5% during the 3rd quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock valued at $2,271,885,000 after buying an additional 4,013,996 shares in the last quarter. Clark & Stuart Inc bought a new position in Coca-Cola in the 4th quarter worth $1,582,000. Finally, Wilmington Savings Fund Society FSB increased its stake in Coca-Cola by 222.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 192,237 shares of the company's stock worth $13,814,000 after buying an additional 132,701 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

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Coca-Cola Trading Up 1.9 %

Shares of KO traded up $1.32 during trading hours on Monday, reaching $71.69. 24,012,229 shares of the company traded hands, compared to its average volume of 14,925,514. The stock's fifty day moving average price is $67.77 and its 200 day moving average price is $66.38. 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 market cap of $308.50 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53.

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

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.51 dividend. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola's payout ratio is presently 82.59%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KO. 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 report on Wednesday, February 12th. Barclays increased their price objective on shares of Coca-Cola from $66.00 to $73.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. DZ Bank upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and lifted their price target for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, Piper Sandler increased their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $74.24.

Insider Buying and Selling

In related news, CEO James Quincey sold 145,435 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at $24,324,191.46. This represents a 29.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Nikolaos Koumettis sold 54,708 shares of Coca-Cola stock in a transaction dated Wednesday, February 26th. The shares were 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 in the company, valued at $17,520,662.64. This trade represents a 18.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 313,423 shares of company stock valued at $22,263,071 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.