BerganKDV Wealth Management LLC raised its position in shares of The Coca-Cola Company (NYSE:KO – Get Rating) by 5.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,038 shares of the company’s stock after buying an additional 4,748 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in Coca-Cola were worth $5,768,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of KO. Curi Wealth Management LLC bought a new position in Coca-Cola during the 4th quarter valued at $25,000. Nauset Wealth Management. LLC bought a new stake in shares of Coca-Cola during the 1st quarter worth $27,000. Shore Point Advisors LLC bought a new stake in shares of Coca-Cola during the 4th quarter worth $28,000. Delos Wealth Advisors LLC boosted its stake in shares of Coca-Cola by 4,770.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock worth $29,000 after acquiring an additional 477 shares in the last quarter. Finally, Horan Securities Inc. bought a new stake in shares of Coca-Cola during the 4th quarter worth $32,000. Institutional investors and hedge funds own 68.51% of the company’s stock.
Insider Buying and Selling
In related news, VP Kathy Loveless sold 2,512 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,768.00. Following the completion of the transaction, the vice president now owns 1,370 shares in the company, valued at approximately $87,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO James Quincey sold 32,000 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $64.09, for a total value of $2,050,880.00. Following the completion of the transaction, the chief executive officer now owns 351,737 shares of the company’s stock, valued at approximately $22,542,824.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kathy Loveless sold 2,512 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,768.00. Following the completion of the transaction, the vice president now directly owns 1,370 shares of the company’s stock, valued at approximately $87,680. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Coca-Cola Price Performance
Shares of NYSE:KO traded down $0.29 during trading on Friday, reaching $63.38. The stock had a trading volume of 10,445,393 shares, compared to its average volume of 13,382,351. The Coca-Cola Company has a 52 week low of $52.28 and a 52 week high of $67.20. The business’s 50-day moving average price is $62.49 and its 200 day moving average price is $62.40. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market capitalization of $274.10 billion, a PE ratio of 28.68, a P/E/G ratio of 4.03 and a beta of 0.53.
Coca-Cola (NYSE:KO – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The firm had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter in the previous year, the company posted $0.68 EPS. Coca-Cola’s revenue was up 11.9% on a year-over-year basis. As a group, equities analysts predict that The Coca-Cola Company will post 2.46 earnings per share for the current year.
Coca-Cola Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, September 15th. Coca-Cola’s dividend payout ratio (DPR) is presently 79.64%.
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. 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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