The Coca-Cola Company (NYSE:KO) Shares Bought by BerganKDV Wealth Management LLC

BerganKDV Wealth Management LLC increased its position in The Coca-Cola Company (NYSE:KO) by 7.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 82,795 shares of the company’s stock after purchasing an additional 5,397 shares during the period. BerganKDV Wealth Management LLC’s holdings in The Coca-Cola were worth $4,480,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Litman Gregory Asset Management LLC bought a new stake in shares of The Coca-Cola during the second quarter worth approximately $27,000. Goodwin Investment Advisory raised its position in shares of The Coca-Cola by 70.5% in the second quarter. Goodwin Investment Advisory now owns 520 shares of the company’s stock valued at $100,000 after purchasing an additional 215 shares during the period. Elkhorn Partners Limited Partnership bought a new position in shares of The Coca-Cola in the first quarter valued at about $32,000. Hillsdale Investment Management Inc. bought a new position in The Coca-Cola during the second quarter worth about $32,000. Finally, Tortoise Investment Management LLC increased its holdings in The Coca-Cola by 108.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 618 shares of the company’s stock valued at $33,000 after buying an additional 322 shares during the period. 66.67% of the stock is owned by institutional investors.

Shares of NYSE KO traded up $0.31 during trading hours on Wednesday, hitting $56.00. 318,240 shares of the company traded hands, compared to its average volume of 15,537,233. The stock has a market capitalization of $241.45 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 2.85 and a beta of 0.62. The company has a current ratio of 1.47, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The company’s 50 day moving average price is $56.29 and its 200 day moving average price is $54.55. The Coca-Cola Company has a 12 month low of $47.30 and a 12 month high of $57.56.

The Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, July 20th. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.12. The firm had revenue of $10.10 billion for the quarter, compared to the consensus estimate of $9.30 billion. The Coca-Cola had a return on equity of 44.17% and a net margin of 22.19%. The company’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. Equities analysts anticipate that The Coca-Cola Company will post 2.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Investors of record on Wednesday, September 15th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Tuesday, September 14th. The Coca-Cola’s payout ratio is currently 86.15%.

Several research firms recently commented on KO. Argus lifted their target price on shares of The Coca-Cola from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, June 17th. Truist lifted their price objective on shares of The Coca-Cola from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, July 22nd. Credit Suisse Group boosted their price target on shares of The Coca-Cola from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, July 22nd. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Tuesday, July 6th. Finally, Wells Fargo & Company boosted their price target on shares of The Coca-Cola from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, July 22nd. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, The Coca-Cola currently has a consensus rating of “Buy” and an average price target of $61.25.

In related news, SVP Nancy Quan sold 19,911 shares of the company’s stock in a transaction on Friday, July 16th. The stock was sold at an average price of $56.50, for a total transaction of $1,124,971.50. Following the completion of the sale, the senior vice president now directly owns 196,745 shares in the company, valued at approximately $11,116,092.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brian John Smith sold 10,000 shares of the company’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $55.65, for a total value of $556,500.00. Following the sale, the chief operating officer now owns 144,229 shares of the company’s stock, valued at $8,026,343.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,188 shares of company stock valued at $3,864,107. 1.01% of the stock is owned by company insiders.

The Coca-Cola Profile

The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

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

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