Johnson Financial Group Inc. Has $623,000 Holdings in The Coca-Cola Company (NYSE:KO)

Johnson Financial Group Inc. raised its position in The Coca-Cola Company (NYSE:KO) by 107.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,567 shares of the company’s stock after buying an additional 5,470 shares during the quarter. Johnson Financial Group Inc.’s holdings in Coca-Cola were worth $623,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Coca-Cola during the fourth quarter worth $2,808,056,000. Fisher Asset Management LLC grew its position in shares of Coca-Cola by 11,138.6% during the 4th quarter. Fisher Asset Management LLC now owns 4,977,819 shares of the company’s stock valued at $293,343,000 after purchasing an additional 4,933,527 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Coca-Cola by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 63,138,970 shares of the company’s stock worth $3,501,789,000 after acquiring an additional 2,464,618 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Coca-Cola by 32.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,734,134 shares of the company’s stock valued at $583,659,000 after acquiring an additional 2,408,063 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Coca-Cola by 4.8% during the third quarter. Northern Trust Corp now owns 44,913,068 shares of the company’s stock valued at $2,514,234,000 after buying an additional 2,040,664 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Insider Transactions at Coca-Cola

In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $63.31, for a total transaction of $561,812.94. Following the sale, the executive vice president now owns 33,638 shares in the company, valued at $2,129,621.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $59.41, for a total value of $1,102,114.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 199,389 shares of company stock valued at $12,322,179. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Argus increased their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Evercore ISI boosted their target price on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. UBS Group upped their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Barclays increased their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.58.

Coca-Cola Stock Performance

Shares of KO traded down $0.09 during mid-day trading on Friday, reaching $62.00. The company’s stock had a trading volume of 8,203,136 shares, compared to its average volume of 11,042,451. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $63.76. The stock has a market cap of $267.09 billion, a P/E ratio of 24.80, a PEG ratio of 3.51 and a beta of 0.57. The business has a 50-day simple moving average of $61.08 and a two-hundred day simple moving average of $59.90. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The company had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same quarter last year, the company earned $0.68 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s payout ratio is presently 77.60%.

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.