The Coca-Cola Company (NYSE:KO) is Bridgewater Associates LP’s 7th Largest Position

Bridgewater Associates LP lifted its stake in The Coca-Cola Company (NYSE:KOGet Rating) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,690,774 shares of the company’s stock after purchasing an additional 319,917 shares during the quarter. Coca-Cola accounts for 3.0% of Bridgewater Associates LP’s portfolio, making the stock its 7th largest position. Bridgewater Associates LP owned about 0.20% of Coca-Cola worth $514,581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KCM Investment Advisors LLC raised its position in Coca-Cola by 4.6% during the third quarter. KCM Investment Advisors LLC now owns 53,822 shares of the company’s stock valued at $2,824,000 after acquiring an additional 2,374 shares in the last quarter. MD Financial Management Inc. raised its position in Coca-Cola by 11.9% during the third quarter. MD Financial Management Inc. now owns 47,869 shares of the company’s stock valued at $2,512,000 after acquiring an additional 5,077 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its position in Coca-Cola by 2.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 189,267 shares of the company’s stock valued at $11,207,000 after acquiring an additional 3,775 shares in the last quarter. Hayek Kallen Investment Management raised its position in Coca-Cola by 7.4% during the fourth quarter. Hayek Kallen Investment Management now owns 80,230 shares of the company’s stock valued at $4,750,000 after acquiring an additional 5,541 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in Coca-Cola by 1.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 541,450 shares of the company’s stock valued at $32,059,000 after acquiring an additional 6,169 shares in the last quarter. 68.51% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group set a $58.00 price objective on shares of Coca-Cola in a research report on Thursday, February 10th. JPMorgan Chase & Co. increased their price target on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, March 30th. StockNews.com upgraded Coca-Cola from a “hold” rating to a “buy” rating in a report on Tuesday, April 26th. HSBC increased their price target on Coca-Cola from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, April 26th. Finally, Evercore ISI increased their price target on Coca-Cola from $63.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 15th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $67.29.

In related news, insider Nikolaos Koumettis sold 153,466 shares of Coca-Cola stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $65.03, for a total value of $9,979,893.98. Following the completion of the transaction, the insider now directly owns 136,513 shares of the company’s stock, valued at $8,877,440.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Murphy sold 154,080 shares of Coca-Cola stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $62.29, for a total value of $9,597,643.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 601,136 shares of company stock valued at $38,493,409. Company insiders own 0.98% of the company’s stock.

KO traded up $0.38 during trading on Friday, reaching $64.68. 17,708,983 shares of the company’s stock were exchanged, compared to its average volume of 19,285,922. The company has a market capitalization of $280.39 billion, a P/E ratio of 27.18, a PEG ratio of 3.48 and a beta of 0.58. The business has a 50 day moving average price of $63.72 and a 200 day moving average price of $60.62. The Coca-Cola Company has a fifty-two week low of $52.28 and a fifty-two week high of $67.20. The company has a quick ratio of 0.98, a current ratio of 1.18 and a debt-to-equity ratio of 1.38.

Coca-Cola (NYSE:KOGet Rating) last issued its quarterly earnings data on Monday, April 25th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The company had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $9.83 billion. Coca-Cola had a return on equity of 41.84% and a net margin of 25.69%. The business’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the business earned $0.55 earnings per share. As a group, research analysts forecast that The Coca-Cola Company will post 2.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be issued a dividend of $0.44 per share. The ex-dividend date is Tuesday, June 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.72%. Coca-Cola’s payout ratio is presently 73.95%.

Coca-Cola Company Profile (Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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