Goelzer Investment Management Inc. Has $5.34 Million Stake in CocaCola Company (The) $KO

Goelzer Investment Management Inc. grew its holdings in shares of CocaCola Company (The) (NYSE:KO) by 69.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,511 shares of the company’s stock after purchasing an additional 33,003 shares during the quarter. Goelzer Investment Management Inc.’s holdings in CocaCola were worth $5,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marion Wealth Management grew its stake in CocaCola by 2.2% in the 3rd quarter. Marion Wealth Management now owns 23,965 shares of the company’s stock valued at $1,589,000 after buying an additional 519 shares during the last quarter. CHICAGO TRUST Co NA grew its holdings in shares of CocaCola by 0.9% during the 3rd quarter. CHICAGO TRUST Co NA now owns 31,861 shares of the company’s stock worth $2,113,000 after purchasing an additional 283 shares in the last quarter. Diversified Enterprises LLC raised its stake in shares of CocaCola by 1.0% in the 3rd quarter. Diversified Enterprises LLC now owns 14,656 shares of the company’s stock valued at $972,000 after buying an additional 150 shares in the last quarter. Spinnaker Investment Group LLC lifted its stake in CocaCola by 9.0% during the third quarter. Spinnaker Investment Group LLC now owns 9,030 shares of the company’s stock worth $599,000 after purchasing an additional 744 shares during the period. Finally, Thomasville National Bank boosted its stake in CocaCola by 1.5% in the 3rd quarter. Thomasville National Bank now owns 119,845 shares of the company’s stock valued at $7,948,000 after buying an additional 1,728 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Performance

NYSE:KO opened at $70.10 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. The stock has a 50 day simple moving average of $70.26 and a 200 day simple moving average of $69.43. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The stock has a market cap of $301.53 billion, a P/E ratio of 23.21, a PEG ratio of 3.89 and a beta of 0.39.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The business had revenue of $11.40 billion during the quarter. Research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.04 annualized dividend and a yield of 2.9%. CocaCola’s dividend payout ratio is currently 67.55%.

Insider Buying and Selling at CocaCola

In related news, EVP Manuel Arroyo sold 139,689 shares of CocaCola stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $70.80, for a total value of $9,889,981.20. Following the transaction, the executive vice president directly owned 58,067 shares of the company’s stock, valued at $4,111,143.60. This trade represents a 70.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Monica Howard Douglas sold 13,548 shares of CocaCola stock in a transaction on Friday, October 24th. The shares were sold at an average price of $69.93, for a total value of $947,411.64. Following the completion of the transaction, the executive vice president owned 37,725 shares in the company, valued at approximately $2,638,109.25. The trade was a 26.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 225,252 shares of company stock worth $15,953,007 in the last three months. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

KO has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. UBS Group reaffirmed a “buy” rating on shares of CocaCola in a report on Friday, December 5th. Piper Sandler lifted their price objective on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. TD Cowen increased their price target on CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Barclays reaffirmed an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $79.08.

CocaCola Profile

The Coca?Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca?Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready?to?drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca?Cola’s brand portfolio includes widely recognized names such as Coca?Cola, Diet Coke, Coca?Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.