Morton Community Bank Has $3.16 Million Holdings in The Coca-Cola Company (NYSE:KO)

Morton Community Bank boosted its holdings in The Coca-Cola Company (NYSE:KO) by 5.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,713 shares of the company’s stock after purchasing an additional 2,377 shares during the quarter. Morton Community Bank’s holdings in Coca-Cola were worth $3,164,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KO. Gilbert & Cook Inc. grew its position in Coca-Cola by 5.6% during the fourth quarter. Gilbert & Cook Inc. now owns 15,971 shares of the company’s stock worth $941,000 after buying an additional 841 shares in the last quarter. Accretive Wealth Partners LLC lifted its position in shares of Coca-Cola by 1.4% during the 4th quarter. Accretive Wealth Partners LLC now owns 25,843 shares of the company’s stock valued at $1,523,000 after acquiring an additional 351 shares during the period. Aveo Capital Partners LLC lifted its position in shares of Coca-Cola by 13.9% during the 4th quarter. Aveo Capital Partners LLC now owns 9,709 shares of the company’s stock valued at $572,000 after acquiring an additional 1,182 shares during the period. Gryphon Financial Partners LLC grew its holdings in shares of Coca-Cola by 72.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 17,973 shares of the company’s stock worth $1,034,000 after purchasing an additional 7,521 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in shares of Coca-Cola by 453.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 38,233 shares of the company’s stock worth $2,253,000 after purchasing an additional 31,319 shares during the period. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Cfra restated a “hold” rating on shares of Coca-Cola in a research report on Thursday. Morgan Stanley raised their target price on Coca-Cola from $70.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, August 27th. Finally, Barclays boosted their price target on Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $70.73.

Insider Transactions at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 102,533 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the completion of the transaction, the chief executive officer now owns 442,546 shares in the company, valued at approximately $30,987,070.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Nikolaos Koumettis sold 80,891 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the sale, the insider now owns 218,880 shares in the company, valued at approximately $13,644,979.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James Quincey sold 102,533 shares of Coca-Cola stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total value of $7,179,360.66. Following the completion of the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $30,987,070.92. The disclosure for this sale can be found here. Insiders sold 1,074,910 shares of company stock worth $585,972,318 over the last ninety days. 0.97% of the stock is owned by insiders.

Coca-Cola Trading Down 0.0 %

NYSE:KO traded down $0.03 during mid-day trading on Friday, hitting $71.14. 17,485,707 shares of the company’s stock were exchanged, compared to its average volume of 13,186,163. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $73.53. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $306.47 billion, a P/E ratio of 28.46, a PEG ratio of 4.05 and a beta of 0.60. The company has a 50 day simple moving average of $67.48 and a 200-day simple moving average of $63.56.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.78 billion. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. Coca-Cola’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, research analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.94 annualized dividend and a dividend yield of 2.73%. Coca-Cola’s payout ratio is 77.60%.

About Coca-Cola

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.