Thomasville National Bank Decreases Holdings in The Coca-Cola Company (NYSE:KO)

Thomasville National Bank decreased its position in shares of The Coca-Cola Company (NYSE:KO) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,920 shares of the company’s stock after selling 2,362 shares during the quarter. Thomasville National Bank’s holdings in Coca-Cola were worth $7,778,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KO. Capital Investment Advisors LLC increased its holdings in shares of Coca-Cola by 0.8% during the 4th quarter. Capital Investment Advisors LLC now owns 500,194 shares of the company’s stock worth $31,142,000 after buying an additional 4,017 shares during the last quarter. Brookstone Capital Management boosted its position in Coca-Cola by 36.3% during the 4th quarter. Brookstone Capital Management now owns 111,063 shares of the company’s stock worth $6,915,000 after purchasing an additional 29,605 shares during the period. Trust Co. of Toledo NA OH boosted its position in Coca-Cola by 1.5% during the 4th quarter. Trust Co. of Toledo NA OH now owns 94,051 shares of the company’s stock worth $5,856,000 after purchasing an additional 1,423 shares during the period. Fiduciary Alliance LLC boosted its position in Coca-Cola by 87.7% during the 4th quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company’s stock worth $1,132,000 after purchasing an additional 8,499 shares during the period. Finally, Clark & Stuart Inc purchased a new position in Coca-Cola in the 4th quarter valued at about $1,582,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Price Performance

NYSE:KO traded up $0.38 during trading hours on Monday, reaching $61.45. 4,613,744 shares of the company’s stock were exchanged, compared to its average volume of 14,291,557. The company has a market capitalization of $264.71 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 3.83 and a beta of 0.61. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The business’s 50-day simple moving average is $62.91 and its two-hundred day simple moving average is $66.50.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The firm had revenue of $11.85 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the business posted $0.74 EPS. The company’s revenue was down .8% on a year-over-year basis. Sell-side analysts expect that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.485 per share. The ex-dividend date was Friday, November 29th. This represents a $1.94 annualized dividend and a dividend yield of 3.16%. Coca-Cola’s dividend payout ratio is 80.17%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KO. Piper Sandler began coverage on shares of Coca-Cola in a research report on Tuesday, January 7th. They set an “overweight” rating and a $74.00 price target on the stock. Morgan Stanley reduced their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Barclays reduced their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.60.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the transaction, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.97% of the stock is owned by corporate 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.