The Coca-Cola Company (NYSE:KO) Shares Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. boosted its stake in The Coca-Cola Company (NYSE:KOFree Report) by 134.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,746 shares of the company’s stock after purchasing an additional 5,015 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Coca-Cola were worth $515,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in KO. Morgan Stanley lifted its stake in Coca-Cola by 2.5% in the third quarter. Morgan Stanley now owns 80,448,083 shares of the company’s stock valued at $4,503,484,000 after buying an additional 1,950,146 shares during the last quarter. Norges Bank bought a new stake in Coca-Cola in the 4th quarter valued at about $2,808,056,000. Northern Trust Corp boosted its stake in Coca-Cola by 4.8% during the 3rd quarter. Northern Trust Corp now owns 44,913,068 shares of the company’s stock valued at $2,514,234,000 after purchasing an additional 2,040,664 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Coca-Cola by 7.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,564,179 shares of the company’s stock valued at $2,390,448,000 after purchasing an additional 2,893,061 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Coca-Cola by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,171,216 shares of the company’s stock valued at $894,028,000 after buying an additional 814,779 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on KO. JPMorgan Chase & Co. increased their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Morgan Stanley raised their price target on Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, June 10th. UBS Group lifted their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Argus increased their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Finally, Barclays increased their price target on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and an average price target of $68.55.

View Our Latest Stock Analysis on KO

Coca-Cola Trading Down 0.3 %

Shares of NYSE KO traded down $0.16 during mid-day trading on Tuesday, hitting $62.46. 1,517,931 shares of the company traded hands, compared to its average volume of 12,968,191. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.36. The stock has a market capitalization of $269.08 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.53 and a beta of 0.59. The business has a 50 day moving average of $61.92 and a two-hundred day moving average of $60.51.

Coca-Cola (NYSE:KOGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.11%. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Insider Activity

In other Coca-Cola news, EVP Beatriz R. Perez sold 57,298 shares of Coca-Cola stock in a transaction on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the completion of the sale, the executive vice president now owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Beatriz R. Perez sold 57,298 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now owns 167,107 shares in the company, valued at approximately $10,358,962.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Nancy Quan sold 19,304 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $14,168,055.20. The disclosure for this sale can be found here. Insiders have sold 142,774 shares of company stock worth $8,952,720 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Coca-Cola Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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