Bard Financial Services Inc. Boosts Stock Holdings in The Coca-Cola Company (NYSE:KO)

Bard Financial Services Inc. boosted its stake in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 0.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 176,599 shares of the company’s stock after acquiring an additional 1,450 shares during the period. Coca-Cola accounts for 0.9% of Bard Financial Services Inc.’s portfolio, making the stock its 26th largest holding. Bard Financial Services Inc.’s holdings in Coca-Cola were worth $10,949,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Fortis Advisors LLC bought a new stake in shares of Coca-Cola in the 3rd quarter worth about $25,000. Curi Wealth Management LLC bought a new stake in shares of Coca-Cola in the 4th quarter worth about $25,000. Shore Point Advisors LLC bought a new stake in shares of Coca-Cola in the 4th quarter worth about $28,000. Delos Wealth Advisors LLC lifted its holdings in shares of Coca-Cola by 4,770.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock worth $29,000 after acquiring an additional 477 shares during the last quarter. Finally, Horan Securities Inc. bought a new stake in shares of Coca-Cola in the 4th quarter worth about $32,000. 68.51% of the stock is owned by institutional investors.

KO has been the subject of a number of research analyst reports. Guggenheim lifted their price objective on shares of Coca-Cola from $68.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, April 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Coca-Cola from $62.00 to $64.00 and gave the stock a “hold” rating in a research report on Tuesday, April 26th. Cowen upped their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 26th. Cowen boosted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 26th. Finally, StockNews.com upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.05.

In other news, SVP Jennifer K. Mann sold 43,636 shares of the business’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $63.81, for a total transaction of $2,784,413.16. Following the completion of the sale, the senior vice president now owns 66,245 shares in the company, valued at approximately $4,227,093.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Beatriz R. Perez sold 143,924 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $64.78, for a total transaction of $9,323,396.72. Following the sale, the senior vice president now owns 121,178 shares of the company’s stock, valued at approximately $7,849,910.84. The disclosure for this sale can be found here. Insiders sold 412,161 shares of company stock valued at $26,786,278 in the last quarter. 0.98% of the stock is owned by insiders.

Shares of KO stock traded up $0.32 during trading on Thursday, reaching $61.47. The company’s stock had a trading volume of 133,081 shares, compared to its average volume of 17,120,408. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.18 and a quick ratio of 0.98. The company has a market capitalization of $266.47 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 3.52 and a beta of 0.58. The stock’s 50-day moving average price is $63.44 and its 200 day moving average price is $61.45. The Coca-Cola Company has a 1-year low of $52.28 and a 1-year high of $67.20.

Coca-Cola (NYSE:KOGet Rating) last announced its quarterly earnings data on Monday, April 25th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The firm had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $9.83 billion. Coca-Cola had a net margin of 25.69% and a return on equity of 41.84%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be paid a $0.44 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $1.76 dividend on an annualized basis and a yield of 2.86%. Coca-Cola’s dividend payout ratio is currently 73.95%.

About Coca-Cola (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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