First Nebraska Trust Co Buys 73,823 Shares of Coca-Cola Company (The) $KO

First Nebraska Trust Co purchased a new position in shares of Coca-Cola Company (The) (NYSE:KO – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 73,823 shares of the company’s stock, valued at approximately $6,355,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of KO. Guardian Partners Inc. bought a new position in shares of Coca-Cola during the 2nd quarter worth about $27,000. Horizons Wealth Management acquired a new stake in shares of Coca-Cola during the 3rd quarter valued at about $31,000. Atomic Invest LLC boosted its position in shares of Coca-Cola by 38.7% during the 2nd quarter. Atomic Invest LLC now owns 437 shares of the company’s stock valued at $36,000 after acquiring an additional 122 shares in the last quarter. Timbuktu Capital Management LLC bought a new stake in Coca-Cola in the second quarter valued at about $41,000. Finally, Holos Integrated Wealth LLC increased its stake in Coca-Cola by 35.2% in the third quarter. Holos Integrated Wealth LLC now owns 541 shares of the company’s stock valued at $51,000 after acquiring an additional 141 shares during the period. Institutional investors own 70.26% of the company’s stock.

Key Coca-Cola News

Here are the key news stories impacting Coca-Cola this week:

Coca-Cola Stock Down 1.1%

Shares of NYSE:KO opened at $94.75 on Wednesday. Coca-Cola Company has a 12 month low of $67.27 and a 12 month high of $96.25. The firm has a market cap of $407.59 billion, a P/E ratio of 27.87, a P/E/G ratio of 3.74 and a beta of 0.28. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $89.63 and its two-hundred day moving average price is $82.31.

Coca-Cola (NYSE:KO – Get Free Report) last announced its earnings results on Tuesday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $13.35 billion for the quarter, compared to analyst estimates of $12.92 billion. Coca-Cola had a net margin of 28.65% and a return on equity of 38.79%. Coca-Cola’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 earnings per share. As a group, research analysts forecast that Coca-Cola Company will post 3.34 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.12 annualized dividend and a yield of 2.2%. Coca-Cola’s dividend payout ratio is currently 62.35%.

Insiders Place Their Bets

In other news, insider Bruno Pietracci sold 111,365 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $90.93, for a total value of $10,126,419.45. Following the transaction, the insider owned 41,365 shares of the company’s stock, valued at approximately $3,761,319.45. This trade represents a 72.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanket Ray sold 9,958 shares of Coca-Cola stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $86.50, for a total transaction of $861,367.00. Following the sale, the insider owned 62,105 shares of the company’s stock, valued at approximately $5,372,082.50. This represents a 13.82% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 171,323 shares of company stock valued at $15,507,286. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KO. Wells Fargo & Company increased their price target on shares of Coca-Cola from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. HSBC lifted their price objective on Coca-Cola from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. CICC Research upped their price objective on Coca-Cola from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $96.00 target price on shares of Coca-Cola in a report on Monday, October 26th. Finally, Freedom Broker increased their target price on Coca-Cola from $85.00 to $89.00 and gave the stock a “hold” rating in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $97.26.

View Our Latest Stock Analysis on Coca-Cola

Coca-Cola Profile

(Free Report)

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world’s most recognized soft drink brands.

The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.

The Coca-Cola Company serves consumers in more than 200 countries and territories through a system that includes company-operated operations, independent bottling partners, distributors, retailers, and food-service providers.

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

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