The Coca-Cola Company (NYSE:KO) Stock Holdings Lifted by Stonebridge Capital Management Inc.

Stonebridge Capital Management Inc. raised its position in The Coca-Cola Company (NYSE:KO) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,732 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Coca-Cola makes up approximately 2.5% of Stonebridge Capital Management Inc.’s holdings, making the stock its 15th biggest position. Stonebridge Capital Management Inc.’s holdings in Coca-Cola were worth $5,612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Operose Advisors LLC lifted its position in shares of Coca-Cola by 167.0% during the 3rd quarter. Operose Advisors LLC now owns 3,738 shares of the company’s stock worth $209,000 after purchasing an additional 2,338 shares during the last quarter. Mutual Advisors LLC raised its stake in Coca-Cola by 3.1% during the third quarter. Mutual Advisors LLC now owns 67,281 shares of the company’s stock worth $3,766,000 after acquiring an additional 2,031 shares in the last quarter. MFA Wealth Advisors LLC raised its stake in Coca-Cola by 4.5% during the third quarter. MFA Wealth Advisors LLC now owns 28,960 shares of the company’s stock worth $1,621,000 after acquiring an additional 1,248 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in Coca-Cola by 6.6% during the third quarter. Westfield Capital Management Co. LP now owns 147,185 shares of the company’s stock worth $8,239,000 after acquiring an additional 9,129 shares in the last quarter. Finally, Valley National Advisers Inc. increased its stake in shares of Coca-Cola by 19.0% in the third quarter. Valley National Advisers Inc. now owns 4,358 shares of the company’s stock valued at $244,000 after buying an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Activity

In other news, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the transaction, the insider now owns 218,880 shares in the company, valued at approximately $13,644,979.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Monica Howard Douglas sold 8,874 shares of Coca-Cola stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $63.31, for a total value of $561,812.94. Following the sale, the executive vice president now owns 33,638 shares of the company’s stock, valued at approximately $2,129,621.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $62.34, for a total value of $5,042,744.94. Following the completion of the sale, the insider now directly owns 218,880 shares in the company, valued at approximately $13,644,979.20. The disclosure for this sale can be found here. Insiders have sold 223,665 shares of company stock worth $13,995,465 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KO. StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. 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. Argus raised their price target on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. JPMorgan Chase & Co. raised their price target on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, BNP Paribas began coverage on Coca-Cola in a report on Monday. They issued an “outperform” rating and a $72.00 price target on the stock. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and an average price target of $68.83.

Coca-Cola Trading Down 0.4 %

KO traded down $0.27 during midday trading on Thursday, reaching $63.78. 1,998,114 shares of the company were exchanged, compared to its average volume of 13,038,547. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 1.04. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.36. The stock has a market capitalization of $274.76 billion, a P/E ratio of 25.58, a PEG ratio of 3.61 and a beta of 0.59. The stock’s 50-day simple moving average is $62.44 and its 200 day simple moving average is $60.69.

Coca-Cola (NYSE:KO) last released its quarterly earnings data 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 business had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $11.01 billion. During the same quarter in the previous year, the business posted $0.68 EPS. Coca-Cola’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

About Coca-Cola

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.