Bridge Creek Capital Management LLC boosted its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 1.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,060 shares of the company’s stock after buying an additional 1,175 shares during the period. Coca-Cola Company (The) accounts for approximately 1.7% of Bridge Creek Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Bridge Creek Capital Management LLC’s holdings in Coca-Cola Company (The) were worth $3,101,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Portfolio Solutions LLC bought a new position in shares of Coca-Cola Company (The) during the first quarter worth approximately $108,000. SRS Capital Advisors Inc. bought a new position in shares of Coca-Cola Company (The) during the fourth quarter worth approximately $127,000. Feltz Wealth PLAN Inc. bought a new position in shares of Coca-Cola Company (The) during the first quarter worth approximately $150,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Coca-Cola Company (The) by 4,410.7% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 153,769 shares of the company’s stock worth $154,000 after buying an additional 150,360 shares during the period. Finally, Cribstone Capital Management LLC boosted its position in shares of Coca-Cola Company (The) by 44.7% in the first quarter. Cribstone Capital Management LLC now owns 4,020 shares of the company’s stock worth $171,000 after buying an additional 1,241 shares during the period. Institutional investors and hedge funds own 63.68% of the company’s stock.
Coca-Cola Company (NYSE:KO) traded up 0.31% on Monday, hitting $45.64. The stock had a trading volume of 6,226,315 shares. The company has a market cap of $194.67 billion, a P/E ratio of 48.19 and a beta of 0.69. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.42. The firm’s 50-day moving average is $45.06 and its 200-day moving average is $43.37.
Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The company had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the firm earned $0.60 earnings per share. Coca-Cola Company (The)’s quarterly revenue was down 15.9% on a year-over-year basis. Equities research analysts anticipate that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.
A number of equities analysts have recently commented on KO shares. Vetr upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 target price for the company in a report on Monday, April 24th. Credit Suisse Group reiterated a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a report on Thursday, April 27th. Zacks Investment Research upgraded Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 target price for the company in a report on Friday, April 21st. Wells Fargo & Company reiterated a “market perform” rating and issued a $43.00 target price on shares of Coca-Cola Company (The) in a report on Friday, April 28th. Finally, Morgan Stanley lifted their target price on Coca-Cola Company (The) from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $45.62.
In other news, SVP Beatriz R. Perez sold 10,000 shares of Coca-Cola Company (The) stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the sale, the senior vice president now owns 98,718 shares in the company, valued at $4,541,028. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Randazza sold 24,156 shares of Coca-Cola Company (The) stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $46.01, for a total value of $1,111,417.56. Following the sale, the insider now owns 26,567 shares in the company, valued at approximately $1,222,347.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 693,822 shares of company stock worth $31,311,106. 1.51% of the stock is owned by insiders.
Coca-Cola Company (The) Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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