Three Bridge Wealth Advisors LLC Reduces Holdings in The Coca-Cola Company (NYSE:KO)

Three Bridge Wealth Advisors LLC cut its stake in shares of The Coca-Cola Company (NYSE:KOFree Report) by 7.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,933 shares of the company’s stock after selling 311 shares during the quarter. Three Bridge Wealth Advisors LLC’s holdings in Coca-Cola were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC boosted its holdings in Coca-Cola by 0.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 250,984 shares of the company’s stock valued at $14,791,000 after acquiring an additional 1,874 shares during the period. D Orazio & Associates Inc. boosted its holdings in Coca-Cola by 33.5% during the 4th quarter. D Orazio & Associates Inc. now owns 7,012 shares of the company’s stock valued at $413,000 after acquiring an additional 1,759 shares during the period. Goelzer Investment Management Inc. boosted its holdings in Coca-Cola by 1.8% during the 4th quarter. Goelzer Investment Management Inc. now owns 9,681 shares of the company’s stock valued at $571,000 after acquiring an additional 169 shares during the period. Gables Capital Management Inc. lifted its holdings in Coca-Cola by 0.4% in the 4th quarter. Gables Capital Management Inc. now owns 46,618 shares of the company’s stock worth $2,747,000 after buying an additional 176 shares during the period. Finally, Lmcg Investments LLC lifted its holdings in Coca-Cola by 3.1% in the 4th quarter. Lmcg Investments LLC now owns 399,332 shares of the company’s stock worth $23,533,000 after buying an additional 12,070 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coca-Cola

In other news, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total value of $3,491,990.16. Following the completion of the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total value of $3,491,990.16. Following the completion of the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total value of $15,063,636.72. Following the completion of the transaction, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 389,279 shares of company stock valued at $23,771,458. Company insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

KO has been the subject of several research analyst reports. Evercore ISI increased their price objective on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Barclays raised their target price on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Citigroup raised their target price on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. raised their target price on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, UBS Group raised their target price on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.27.

Read Our Latest Analysis on KO

Coca-Cola Stock Performance

Shares of KO traded up $0.05 during trading hours on Wednesday, hitting $63.15. The stock had a trading volume of 9,827,135 shares, compared to its average volume of 13,656,725. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $63.90. The firm has a market capitalization of $272.05 billion, a PE ratio of 25.26, a PEG ratio of 3.61 and a beta of 0.57. The stock has a fifty day moving average price of $60.65 and a 200 day moving average price of $59.58.

Coca-Cola (NYSE:KOGet Free Report) last released its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $11.01 billion. During the same period in the previous year, the business earned $0.68 earnings per share. Coca-Cola’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts anticipate that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Announces Dividend

The business also recently declared 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 3.07%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s dividend payout ratio is presently 77.60%.

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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