Bessemer Group Inc. lessened its holdings in The Coca-Cola Co (NYSE:KO) by 7.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 125,278 shares of the company’s stock after selling 9,765 shares during the period. Bessemer Group Inc.’s holdings in The Coca-Cola were worth $5,750,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of KO. Northstar Investment Advisors LLC increased its stake in shares of The Coca-Cola by 2.6% in the fourth quarter. Northstar Investment Advisors LLC now owns 216,423 shares of the company’s stock worth $9,929,000 after acquiring an additional 5,473 shares during the period. Tower Bridge Advisors lifted its holdings in The Coca-Cola by 13.8% during the fourth quarter. Tower Bridge Advisors now owns 48,474 shares of the company’s stock valued at $2,224,000 after purchasing an additional 5,885 shares in the last quarter. Conning Inc. lifted its holdings in The Coca-Cola by 3.7% during the fourth quarter. Conning Inc. now owns 862,180 shares of the company’s stock valued at $39,557,000 after purchasing an additional 30,882 shares in the last quarter. Harbor Advisory Corp MA purchased a new position in The Coca-Cola during the fourth quarter valued at $259,000. Finally, Chessman Wealth Strategies RIA purchased a new position in The Coca-Cola during the fourth quarter valued at $256,000. 65.30% of the stock is owned by institutional investors.
Shares of The Coca-Cola Co (NYSE KO) opened at $44.82 on Friday. The Coca-Cola Co has a 1 year low of $41.83 and a 1 year high of $48.62. The company has a market capitalization of $192,790.00, a PE ratio of 40.75, a price-to-earnings-growth ratio of 2.54 and a beta of 0.77. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 1.34.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a $0.39 dividend. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Wednesday, March 14th. The Coca-Cola’s payout ratio is currently 134.55%.
A number of equities analysts have commented on KO shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $48.00 target price (up from $47.00) on shares of The Coca-Cola in a research note on Friday, February 16th. Goldman Sachs Group set a $45.00 price target on shares of The Coca-Cola and gave the company a “sell” rating in a research report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price objective on shares of The Coca-Cola and gave the company a “hold” rating in a report on Wednesday, December 20th. Jefferies Group restated a “neutral” rating and issued a $49.00 price objective on shares of The Coca-Cola in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. set a $49.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the stock. The Coca-Cola currently has an average rating of “Hold” and a consensus price target of $49.21.
In other The Coca-Cola news, insider Ed Hays sold 84,400 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total value of $4,009,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kathy N. Waller sold 23,240 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total value of $1,072,526.00. Following the completion of the transaction, the chief financial officer now directly owns 123,796 shares in the company, valued at approximately $5,713,185.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,640 shares of company stock worth $5,800,776. Company insiders own 1.51% of the company’s stock.
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The Coca-Cola Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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