Bryn Mawr Capital Management LLC Has $5.77 Million Stake in The Coca-Cola Company (NYSE:KO)

Bryn Mawr Capital Management LLC lowered its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,726 shares of the company's stock after selling 13,027 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Coca-Cola were worth $5,773,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Hara Capital LLC acquired a new position in Coca-Cola in the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Coca-Cola during the third quarter worth $36,000. MidAtlantic Capital Management Inc. purchased a new position in Coca-Cola in the 3rd quarter valued at $43,000. Retirement Wealth Solutions LLC purchased a new position in Coca-Cola in the 4th quarter valued at $37,000. Finally, MilWealth Group LLC purchased a new position in Coca-Cola in the 4th quarter valued at $40,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on KO shares. Piper Sandler lowered their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and boosted their target price for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. 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 research report on Thursday, January 30th. Wells Fargo & Company boosted their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley lifted their price target on Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $73.82.

Insider Transactions at Coca-Cola

In related news, EVP Lisa Chang sold 13,445 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total transaction of $961,317.50. Following the completion of the transaction, the executive vice president now owns 94,676 shares in the company, valued at $6,769,334. This trade represents a 12.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 232,646 shares of company stock valued at $16,515,469. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Stock Up 0.2 %

Shares of KO traded up $0.13 during midday trading on Thursday, reaching $70.93. 16,773,648 shares of the stock were exchanged, compared to its average volume of 17,036,498. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The company has a market cap of $305.06 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 3.79 and a beta of 0.61. The firm has a 50 day simple moving average of $64.19 and a 200-day simple moving average of $66.47. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings data 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%. Research analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Friday, March 14th. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's dividend payout ratio (DPR) is presently 82.59%.

Coca-Cola Company Profile

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.