Bridgeworth LLC increased its holdings in The Coca-Cola Co (NYSE:KO) by 8.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,281 shares of the company’s stock after purchasing an additional 1,505 shares during the period. Bridgeworth LLC’s holdings in The Coca-Cola were worth $904,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ackerman Capital Advisors LLC purchased a new stake in The Coca-Cola in the fourth quarter worth $225,000. Gilman Hill Asset Management LLC lifted its stake in The Coca-Cola by 5.2% in the fourth quarter. Gilman Hill Asset Management LLC now owns 5,625 shares of the company’s stock worth $266,000 after acquiring an additional 278 shares during the period. Wambolt & Associates LLC purchased a new stake in The Coca-Cola in the fourth quarter worth $301,000. Country Club Trust Company n.a. lifted its stake in The Coca-Cola by 1.0% in the fourth quarter. Country Club Trust Company n.a. now owns 31,310 shares of the company’s stock worth $1,483,000 after acquiring an additional 315 shares during the period. Finally, Royal London Asset Management Ltd. lifted its stake in The Coca-Cola by 7.7% in the fourth quarter. Royal London Asset Management Ltd. now owns 1,641,966 shares of the company’s stock worth $77,501,000 after acquiring an additional 117,922 shares during the period. 66.83% of the stock is currently owned by institutional investors.

In related news, insider Francisco Crespo sold 16,426 shares of The Coca-Cola stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $49.00, for a total value of $804,874.00. Following the completion of the sale, the insider now directly owns 77,109 shares in the company, valued at approximately $3,778,341. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer K. Mann sold 9,000 shares of The Coca-Cola stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $51.88, for a total value of $466,920.00. Following the completion of the sale, the insider now owns 41,049 shares of the company’s stock, valued at $2,129,622.12. The disclosure for this sale can be found here. Insiders have sold 316,600 shares of company stock valued at $15,760,365 over the last 90 days. Corporate insiders own 1.33% of the company’s stock.

Several equities analysts have commented on the company. Zacks Investment Research raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Wednesday, May 8th. Goldman Sachs Group reissued a “neutral” rating and set a $47.00 price objective on shares of The Coca-Cola in a research report on Thursday, February 14th. UBS Group raised their price objective on The Coca-Cola from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Citigroup lowered The Coca-Cola from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $56.00 to $50.00 in a research report on Thursday, February 14th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a research report on Wednesday, February 13th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $51.05.

Shares of NYSE:KO opened at $51.64 on Thursday. The Coca-Cola Co has a 1-year low of $42.96 and a 1-year high of $52.19. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 1.48. The firm has a market cap of $219.66 billion, a PE ratio of 24.83, a P/E/G ratio of 3.46 and a beta of 0.50.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The Coca-Cola had a return on equity of 45.12% and a net margin of 20.91%. The firm had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.89 billion. During the same period last year, the company earned $0.47 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts predict that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.60 annualized dividend and a dividend yield of 3.10%. The Coca-Cola’s payout ratio is presently 76.92%.

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The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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