The Coca-Cola Company (NYSE:KO) Shares Acquired by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC raised its holdings in shares of The Coca-Cola Company (NYSE:KO) by 56.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,790 shares of the company’s stock after buying an additional 2,081 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Coca-Cola were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KO. Moneta Group Investment Advisors LLC lifted its position in Coca-Cola by 103,297.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock valued at $3,672,479,000 after buying an additional 57,678,466 shares in the last quarter. Norges Bank acquired a new position in Coca-Cola during the fourth quarter valued at approximately $2,937,315,000. Morgan Stanley lifted its position in Coca-Cola by 15.7% during the fourth quarter. Morgan Stanley now owns 79,101,856 shares of the company’s stock valued at $5,031,669,000 after buying an additional 10,722,435 shares in the last quarter. Barclays PLC lifted its position in shares of Coca-Cola by 164.7% during the second quarter. Barclays PLC now owns 14,430,093 shares of the company’s stock worth $868,981,000 after purchasing an additional 8,979,379 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of Coca-Cola by 61.4% during the first quarter. Capital World Investors now owns 10,764,084 shares of the company’s stock worth $667,373,000 after purchasing an additional 4,095,881 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at $13,594,097.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at $13,594,097.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO James Quincey sold 247,188 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following 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. Insiders sold a total of 375,407 shares of company stock worth $22,795,742 over the last 90 days. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 2.1 %

Shares of NYSE:KO traded up $1.26 during midday trading on Friday, reaching $60.17. The company had a trading volume of 21,207,852 shares, compared to its average volume of 11,594,415. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95. The stock’s fifty day moving average price is $59.94 and its 200-day moving average price is $58.56. The stock has a market capitalization of $259.40 billion, a P/E ratio of 24.26, a PEG ratio of 3.37 and a beta of 0.59. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.99.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The business had revenue of $10.80 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts expect that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a dividend of $0.485 per share. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, March 14th. This represents a $1.94 annualized dividend and a yield of 3.22%. Coca-Cola’s payout ratio is presently 78.23%.

Analyst Upgrades and Downgrades

KO has been the topic of a number of recent research reports. Barclays boosted their target price on shares of Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Citigroup boosted their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. reduced their target price 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.09.

Coca-Cola 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.