Bradley & Co. Private Wealth Management LLC Buys Shares of 10,126 The Coca-Cola Company (NYSE:KO)

Bradley & Co. Private Wealth Management LLC bought a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,126 shares of the company's stock, valued at approximately $630,000. Coca-Cola comprises approximately 0.4% of Bradley & Co. Private Wealth Management LLC's investment portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FFT Wealth Management LLC raised its holdings in shares of Coca-Cola by 10.6% in the fourth quarter. FFT Wealth Management LLC now owns 6,988 shares of the company's stock valued at $435,000 after acquiring an additional 672 shares in the last quarter. Sterling Investment Advisors Ltd. raised its holdings in shares of Coca-Cola by 4.4% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 16,609 shares of the company's stock valued at $1,034,000 after acquiring an additional 704 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Coca-Cola by 23.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 281,818 shares of the company's stock valued at $17,546,000 after acquiring an additional 53,385 shares in the last quarter. Vaughan David Investments LLC IL raised its holdings in shares of Coca-Cola by 0.9% in the fourth quarter. Vaughan David Investments LLC IL now owns 637,276 shares of the company's stock valued at $39,677,000 after acquiring an additional 5,751 shares in the last quarter. Finally, FourThought Financial Partners LLC bought a new position in Coca-Cola in the fourth quarter worth about $428,000. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coca-Cola

In related news, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nikolaos Koumettis sold 54,708 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total value of $3,882,079.68. Following the completion of the transaction, the insider now directly owns 246,909 shares of the company's stock, valued at approximately $17,520,662.64. This represents a 18.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 232,646 shares of company stock valued at $16,515,469. 0.97% of the stock is owned by company insiders.

Coca-Cola Stock Performance

NYSE KO traded up $0.13 during trading hours on Thursday, reaching $70.93. The stock had a trading volume of 11,642,612 shares, compared to its average volume of 16,854,400. The stock has a fifty day moving average of $64.19 and a 200 day moving average of $66.47. The stock has a market cap of $305.06 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03.

Coca-Cola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Sell-side analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 2.88%. Coca-Cola's payout ratio is presently 82.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 target price on shares of Coca-Cola in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their target price on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Morgan Stanley boosted their target price on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and boosted their target price for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $73.82.

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.