TIAA Trust National Association Has $30.09 Million Holdings in The Coca-Cola Company (NYSE:KO)

TIAA Trust National Association lifted its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 483,274 shares of the company's stock after purchasing an additional 9,909 shares during the period. TIAA Trust National Association's holdings in Coca-Cola were worth $30,088,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Crowley Wealth Management Inc. acquired a new stake in shares of Coca-Cola in the fourth quarter worth $27,000. Mainstream Capital Management LLC acquired a new position in Coca-Cola during the 4th quarter worth $31,000. Retirement Wealth Solutions LLC bought a new stake in Coca-Cola during the fourth quarter valued at about $37,000. MilWealth Group LLC acquired a new stake in shares of Coca-Cola in the fourth quarter valued at about $40,000. Finally, Hara Capital LLC increased its stake in shares of Coca-Cola by 43.7% in the fourth quarter. Hara Capital LLC now owns 691 shares of the company's stock worth $43,000 after purchasing an additional 210 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Nikolaos Koumettis sold 54,708 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the completion of the sale, the insider now owns 246,909 shares in the company, valued at $17,520,662.64. The trade was a 18.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bruno Pietracci sold 19,058 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 313,423 shares of company stock valued at $22,263,071. 0.97% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

KO has been the topic of a number of research analyst reports. TD Cowen raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Wednesday, January 8th. Piper Sandler raised their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. UBS Group upped their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price target on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Finally, Evercore ISI raised 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. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.24.

Coca-Cola Price Performance

Coca-Cola stock traded up $0.58 on Thursday, reaching $70.60. The company's stock had a trading volume of 5,118,205 shares, compared to its average volume of 14,032,056. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The company has a market cap of $303.81 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 3.79 and a beta of 0.57. 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 business's fifty day moving average price is $67.45 and its 200 day moving average price is $66.43.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings data 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%. Equities analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.89%. The ex-dividend date is Friday, March 14th. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's payout ratio is 82.59%.

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.