The Coca-Cola Company (NYSE:KO) Shares Purchased by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. raised its holdings in The Coca-Cola Company (NYSE:KO) by 9.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,713 shares of the company’s stock after acquiring an additional 1,326 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Coca-Cola were worth $1,030,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in KO. Jennison Associates LLC lifted its position in shares of Coca-Cola by 3.8% in the first quarter. Jennison Associates LLC now owns 47,562 shares of the company’s stock valued at $2,910,000 after acquiring an additional 1,746 shares in the last quarter. Advisory Alpha LLC raised its position in shares of Coca-Cola by 29.0% in the first quarter. Advisory Alpha LLC now owns 13,297 shares of the company’s stock valued at $814,000 after buying an additional 2,990 shares during the last quarter. CFO4Life Group LLC lifted its stake in shares of Coca-Cola by 1.1% during the first quarter. CFO4Life Group LLC now owns 15,501 shares of the company’s stock valued at $948,000 after buying an additional 174 shares during the period. Duality Advisers LP boosted its position in Coca-Cola by 191.1% during the first quarter. Duality Advisers LP now owns 111,851 shares of the company’s stock worth $6,843,000 after acquiring an additional 73,434 shares during the last quarter. Finally, Empirical Finance LLC grew its stake in Coca-Cola by 3.5% in the 1st quarter. Empirical Finance LLC now owns 140,576 shares of the company’s stock worth $8,600,000 after acquiring an additional 4,754 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Stock Performance

Coca-Cola stock opened at $63.68 on Thursday. The company has a market cap of $274.30 billion, a PE ratio of 26.31, a P/E/G ratio of 3.96 and a beta of 0.61. The Coca-Cola Company has a 12 month low of $56.06 and a 12 month high of $73.53. The company has a fifty day moving average price of $69.90 and a two-hundred day moving average price of $66.43. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Coca-Cola (NYSE:KO) last issued its earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Coca-Cola’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. Research analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s dividend payout ratio is currently 80.17%.

Analyst Ratings Changes

KO has been the subject of several analyst reports. Bank of America upped their target price on Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their target price on Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Truist Financial boosted their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Citigroup raised their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and an average target price of $71.80.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Lisa Chang sold 40,334 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $69.54, for a total value of $2,804,826.36. Following the completion of the sale, the executive vice president now directly owns 74,067 shares in the company, valued at $5,150,619.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lisa Chang sold 40,334 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $69.54, for a total value of $2,804,826.36. Following the completion of the sale, the executive vice president now directly owns 74,067 shares of the company’s stock, valued at approximately $5,150,619.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 203,748 shares of company stock worth $14,274,431 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

About Coca-Cola

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.