The Coca-Cola Company (NYSE:KO) Shares Bought by Stonebridge Capital Advisors LLC

Stonebridge Capital Advisors LLC grew its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 292,050 shares of the company's stock after purchasing an additional 5,078 shares during the quarter. Coca-Cola makes up about 1.5% of Stonebridge Capital Advisors LLC's portfolio, making the stock its 18th biggest holding. Stonebridge Capital Advisors LLC's holdings in Coca-Cola were worth $18,183,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KO. Norges Bank acquired a new position in Coca-Cola during the fourth quarter worth $3,402,151,000. Capital International Investors raised its holdings in shares of Coca-Cola by 96.0% during the 4th quarter. Capital International Investors now owns 24,949,194 shares of the company's stock worth $1,553,337,000 after acquiring an additional 12,222,885 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Coca-Cola by 18.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock valued at $4,617,400,000 after acquiring an additional 11,569,920 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Coca-Cola in the fourth quarter valued at about $500,192,000. Finally, Franklin Resources Inc. increased its position in Coca-Cola by 21.9% during the fourth quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock worth $2,123,301,000 after purchasing an additional 6,118,819 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Coca-Cola Stock Down 0.8 %

KO traded down $0.56 on Friday, hitting $71.96. 16,313,300 shares of the company were exchanged, compared to its average volume of 15,377,539. The firm has a 50-day moving average price of $70.78 and a two-hundred day moving average price of $66.52. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a market cap of $309.68 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping 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%. On average, equities 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a $0.51 dividend. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.83%. Coca-Cola's dividend payout ratio is presently 82.59%.

Analyst Upgrades and Downgrades

KO has been the subject of several analyst reports. Barclays reissued an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Cfra Research upgraded Coca-Cola to a "strong-buy" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lifted their target price on Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research note on Thursday, February 13th. Finally, UBS Group boosted their price objective on shares of Coca-Cola from $78.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Coca-Cola presently has an average rating of "Buy" and an average price target of $75.06.

Insider Activity

In other news, COO Henrique Braun sold 25,277 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the transaction, the chief operating officer now directly owns 52,466 shares in the company, valued at approximately $3,749,745.02. This trade represents a 32.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruno Pietracci sold 19,058 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $70.56, for a total transaction of $1,344,732.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 313,423 shares of company stock worth $22,263,071. Corporate insiders own 0.97% of the company's stock.

Coca-Cola 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.