BerganKDV Wealth Management LLC boosted its stake in The Coca-Cola Co (NYSE:KO) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,067 shares of the company’s stock after purchasing an additional 1,677 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in The Coca-Cola were worth $1,943,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. C WorldWide Group Holding A S raised its position in shares of The Coca-Cola by 873.0% during the 2nd quarter. C WorldWide Group Holding A S now owns 7,630,919 shares of the company’s stock valued at $334,692,000 after buying an additional 6,846,641 shares in the last quarter. Charles Schwab Investment Advisory Inc. purchased a new stake in shares of The Coca-Cola during the 2nd quarter valued at about $206,654,000. Natixis raised its position in shares of The Coca-Cola by 218.3% during the 2nd quarter. Natixis now owns 4,080,146 shares of the company’s stock valued at $178,955,000 after buying an additional 2,798,257 shares in the last quarter. Bank of Montreal Can raised its position in shares of The Coca-Cola by 47.4% during the 3rd quarter. Bank of Montreal Can now owns 5,934,198 shares of the company’s stock valued at $274,099,000 after buying an additional 1,907,604 shares in the last quarter. Finally, Putnam Investments LLC raised its position in shares of The Coca-Cola by 672.2% during the 2nd quarter. Putnam Investments LLC now owns 1,953,944 shares of the company’s stock valued at $85,700,000 after buying an additional 1,700,897 shares in the last quarter. Institutional investors and hedge funds own 65.79% of the company’s stock.
Shares of NYSE:KO opened at $49.02 on Friday. The stock has a market cap of $207.88 billion, a P/E ratio of 25.66, a PEG ratio of 3.19 and a beta of 0.60. The Coca-Cola Co has a 12 month low of $41.45 and a 12 month high of $50.84. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.06.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.39 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 3.18%. The Coca-Cola’s dividend payout ratio is currently 81.68%.
KO has been the topic of several recent research reports. Barclays restated a “buy” rating and set a $50.00 target price on shares of The Coca-Cola in a research report on Friday, October 5th. Zacks Investment Research cut shares of The Coca-Cola from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. HSBC restated a “buy” rating and set a $64.00 target price on shares of The Coca-Cola in a research report on Wednesday, October 31st. Jefferies Financial Group set a $48.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Thursday, September 6th. Finally, ValuEngine upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company. The Coca-Cola currently has a consensus rating of “Hold” and a consensus target price of $51.43.
In other The Coca-Cola news, SVP James L. Dinkins sold 8,754 shares of the company’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total value of $411,000.30. Following the transaction, the senior vice president now directly owns 28,354 shares in the company, valued at approximately $1,331,220.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer K. Mann sold 15,100 shares of the company’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $50.40, for a total transaction of $761,040.00. Following the completion of the transaction, the insider now owns 40,058 shares in the company, valued at $2,018,923.20. The disclosure for this sale can be found here. Insiders sold a total of 374,542 shares of company stock worth $18,436,957 over the last 90 days. Insiders own 1.48% of the company’s stock.
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The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plantbased 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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