Bank of New Hampshire Has $833,000 Holdings in The Coca-Cola Company (NYSE:KO)

Bank of New Hampshire trimmed its stake in The Coca-Cola Company (NYSE:KO) by 13.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,134 shares of the company’s stock after selling 2,113 shares during the period. Bank of New Hampshire’s holdings in Coca-Cola were worth $833,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Enterprise Bank & Trust Co increased its position in Coca-Cola by 3.4% during the 4th quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock valued at $296,000 after purchasing an additional 167 shares during the period. Elk River Wealth Management LLC boosted its position in Coca-Cola by 1.6% during the fourth quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock valued at $639,000 after acquiring an additional 170 shares during the last quarter. KRS Capital Management LLC raised its position in shares of Coca-Cola by 3.8% in the 4th quarter. KRS Capital Management LLC now owns 4,645 shares of the company’s stock worth $274,000 after acquiring an additional 170 shares in the last quarter. Wayfinding Financial LLC lifted its stake in shares of Coca-Cola by 1.8% in the 4th quarter. Wayfinding Financial LLC now owns 9,734 shares of the company’s stock valued at $573,000 after purchasing an additional 175 shares during the period. Finally, John G Ullman & Associates Inc. boosted its position in shares of Coca-Cola by 2.2% during the 4th quarter. John G Ullman & Associates Inc. now owns 8,081 shares of the company’s stock valued at $476,000 after purchasing an additional 175 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Transactions at Coca-Cola

In related news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction 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 SEC, which is available through the SEC website. In other Coca-Cola news, CEO James Quincey sold 247,188 shares of Coca-Cola stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total value of $15,063,636.72. Following the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. Insiders have sold 375,407 shares of company stock worth $22,795,742 in the last 90 days. Insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on KO. Barclays increased their price target on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Citigroup raised their price target on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus price target of $67.22.

Coca-Cola Stock Up 0.1 %

Shares of Coca-Cola stock traded up $0.04 on Friday, hitting $61.78. The company had a trading volume of 3,948,275 shares, compared to its average volume of 13,906,187. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.69. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a 50 day moving average of $60.07 and a 200-day moving average of $58.76. The stock has a market capitalization of $266.35 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 3.52 and a beta of 0.59.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business had revenue of $10.80 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same period last year, the business earned $0.45 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.81 earnings per share for the current year.

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.485 dividend. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 annualized dividend and a yield of 3.14%. Coca-Cola’s dividend payout ratio (DPR) is 78.23%.

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.