SevenBridge Financial Group LLC Buys 900 Shares of The Coca-Cola Company (NYSE:KO)

SevenBridge Financial Group LLC increased its stake in The Coca-Cola Company (NYSE:KO) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,783 shares of the company’s stock after purchasing an additional 900 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Coca-Cola were worth $919,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Westfield Capital Management Co. LP raised its stake in shares of Coca-Cola by 1.8% in the third quarter. Westfield Capital Management Co. LP now owns 193,948 shares of the company’s stock valued at $13,937,000 after buying an additional 3,347 shares during the period. Larson Financial Group LLC increased its holdings in Coca-Cola by 37.4% in the 3rd quarter. Larson Financial Group LLC now owns 32,462 shares of the company’s stock worth $2,333,000 after acquiring an additional 8,837 shares during the last quarter. Sompo Asset Management Co. Ltd. increased its holdings in Coca-Cola by 7.0% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 155,755 shares of the company’s stock worth $11,193,000 after acquiring an additional 10,220 shares during the last quarter. Swedbank AB raised its stake in Coca-Cola by 16.8% in the 3rd quarter. Swedbank AB now owns 1,963,008 shares of the company’s stock valued at $141,062,000 after acquiring an additional 282,579 shares during the period. Finally, StoneX Group Inc. boosted its position in Coca-Cola by 1.0% during the third quarter. StoneX Group Inc. now owns 28,766 shares of the company’s stock worth $2,081,000 after purchasing an additional 292 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the sale, the chief executive officer now owns 342,546 shares of the company’s stock, valued at $21,933,220.38. This represents a 22.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at $15,968,095. The trade was a 7.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 160,881 shares of company stock worth $10,693,244 in the last ninety days. 0.97% of the stock is owned by insiders.

Coca-Cola Price Performance

KO opened at $63.92 on Friday. The stock has a market capitalization of $275.35 billion, a P/E ratio of 26.41, a PEG ratio of 3.87 and a beta of 0.61. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 12-month low of $57.47 and a 12-month high of $73.53. The stock has a 50-day moving average price of $67.79 and a 200-day moving average price of $66.54.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The firm had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the firm posted $0.74 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. Equities analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.04%. The ex-dividend date is Friday, November 29th. Coca-Cola’s dividend payout ratio is presently 80.17%.

Wall Street Analyst Weigh In

KO has been the topic of several research reports. Cfra reissued a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. Truist Financial increased their target price on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Barclays reduced their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Hsbc Global Res upgraded Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Morgan Stanley cut their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and an average target price of $72.36.

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.