BerganKDV Wealth Management LLC Has $5.77 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

BerganKDV Wealth Management LLC increased its position in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,038 shares of the company’s stock after buying an additional 4,748 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in Coca-Cola were worth $5,768,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Coca-Cola by 3.7% during the fourth quarter. BlackRock Inc. now owns 279,741,946 shares of the company’s stock valued at $16,563,519,000 after purchasing an additional 9,884,447 shares in the last quarter. State Street Corp raised its stake in shares of Coca-Cola by 1.8% in the fourth quarter. State Street Corp now owns 170,597,908 shares of the company’s stock valued at $10,101,102,000 after acquiring an additional 2,984,878 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Coca-Cola by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 69,443,905 shares of the company’s stock valued at $4,102,043,000 after acquiring an additional 2,035,444 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Coca-Cola by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 50,269,019 shares of the company’s stock valued at $2,976,429,000 after acquiring an additional 2,213,153 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Coca-Cola in the fourth quarter valued at approximately $2,222,027,000. 68.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Kathy Loveless sold 2,512 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,768.00. Following the sale, the vice president now owns 1,370 shares in the company, valued at approximately $87,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coca-Cola news, VP Kathy Loveless sold 2,512 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,768.00. Following the sale, the vice president now owns 1,370 shares in the company, valued at $87,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carolyn Everson bought 983 shares of the business’s stock in a transaction on Wednesday, July 27th. The stock was bought at an average price of $62.29 per share, for a total transaction of $61,231.07. Following the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $93,435. The disclosure for this purchase can be found here. 0.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KO. StockNews.com upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank of Canada set a $69.00 target price on shares of Coca-Cola in a research note on Tuesday, July 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 report on Tuesday, April 26th. Guggenheim boosted their price objective on shares of Coca-Cola from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, April 26th. Finally, JPMorgan Chase & Co. set a $70.00 price objective on shares of Coca-Cola in a research report on Tuesday, July 26th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.35.

Coca-Cola Stock Performance

Shares of NYSE:KO traded down $0.29 on Friday, reaching $63.38. 10,445,393 shares of the company’s stock were exchanged, compared to its average volume of 13,382,351. The company has a fifty day moving average of $62.49 and a 200-day moving average of $62.40. The Coca-Cola Company has a twelve month low of $52.28 and a twelve month high of $67.20. The company has a market capitalization of $274.10 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 4.03 and a beta of 0.53. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.48.

Coca-Cola (NYSE:KOGet Rating) last announced its earnings results on Tuesday, July 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The firm had revenue of $11.30 billion for the quarter, compared to analyst estimates of $10.57 billion. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. On average, research analysts predict that The Coca-Cola Company will post 2.46 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.76 annualized dividend and a dividend yield of 2.78%. Coca-Cola’s dividend payout ratio is 79.64%.

About Coca-Cola

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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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