73,823 Shares in Coca-Cola Company (The) $KO Bought by First Nebraska Trust Co

First Nebraska Trust Co acquired a new position in shares of Coca-Cola Company (The) (NYSE:KO – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 73,823 shares of the company’s stock, valued at approximately $6,355,000.

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

Analyst Ratings Changes

KO has been the topic of a number of recent research reports. Citigroup lifted their target price on Coca-Cola from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Wednesday, October 28th. Weiss Ratings cut Coca-Cola from a “buy (a+)” rating to a “buy (a)” rating in a research report on Friday, October 23rd. Morgan Stanley increased their price target on Coca-Cola from $100.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Jefferies Financial Group boosted their price target on Coca-Cola from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Argus upped their price objective on Coca-Cola from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and an average price target of $97.26.

Read Our Latest Report on Coca-Cola

Coca-Cola Price Performance

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

Coca-Cola (NYSE:KO – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Coca-Cola had a return on equity of 38.79% and a net margin of 28.65%. The company had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $12.92 billion. During the same period last year, the firm posted $0.82 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. On average, analysts anticipate that Coca-Cola Company will post 3.34 earnings per share for the current year.

Coca-Cola Dividend Announcement

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

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, insider Bruno Pietracci sold 111,365 shares of the company’s stock in a transaction on 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 directly owned 41,365 shares in the company, valued at $3,761,319.45. The trade was a 72.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $86.50, for a total transaction of $861,367.00. Following the completion of the transaction, the insider directly owned 62,105 shares in the company, valued at $5,372,082.50. The trade was a 13.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 171,323 shares of company stock worth $15,507,286 over the last ninety days. Insiders own 0.90% of the company’s stock.

Key Headlines Impacting Coca-Cola

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

About Coca-Cola

(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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