The Coca-Cola Company (NYSE:KO) Shares Bought by NBC Securities Inc.

NBC Securities Inc. lifted its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 106,708.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,132 shares of the company's stock after acquiring an additional 49,086 shares during the period. NBC Securities Inc.'s holdings in Coca-Cola were worth $3,518,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Voleon Capital Management LP bought a new stake in shares of Coca-Cola during the 4th quarter valued at $2,513,000. Rice Partnership LLC lifted its stake in shares of Coca-Cola by 7.1% during the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock valued at $6,397,000 after buying an additional 6,793 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Coca-Cola by 62.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 26,708 shares of the company's stock worth $1,663,000 after purchasing an additional 10,240 shares in the last quarter. Lockheed Martin Investment Management Co. lifted its stake in Coca-Cola by 16.3% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 218,985 shares of the company's stock worth $13,634,000 after purchasing an additional 30,650 shares in the last quarter. Finally, abrdn plc lifted its stake in Coca-Cola by 0.3% in the 4th quarter. abrdn plc now owns 7,238,640 shares of the company's stock worth $447,963,000 after purchasing an additional 22,904 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KO. Morgan Stanley upped their target price on shares of Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Piper Sandler upped their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. DZ Bank upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a report on Thursday, February 13th. Wells Fargo & Company upped their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, UBS Group upped their price target on shares of Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $75.81.

Insiders Place Their Bets

In other Coca-Cola news, insider Nikolaos Koumettis sold 55,500 shares of Coca-Cola stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the transaction, the insider now directly owns 246,909 shares of the company's stock, valued at $17,533,008.09. The trade was a 18.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Quincey sold 266,403 shares of Coca-Cola stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the transaction, the chief executive officer now directly owns 275,946 shares in the company, valued at $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 496,164 shares of company stock valued at $35,671,587. Insiders own 0.97% of the company's stock.

Coca-Cola Stock Down 0.3%

Shares of KO traded down $0.20 during mid-day trading on Thursday, hitting $71.17. The company's stock had a trading volume of 4,060,441 shares, compared to its average volume of 15,730,111. The company's 50-day moving average is $71.41 and its 200-day moving average is $67.45. The Coca-Cola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The firm has a market capitalization of $306.33 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.79 and a beta of 0.47. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The firm had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The company's revenue was down .7% compared to the same quarter last year. On average, equities research analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. Coca-Cola's dividend payout ratio is currently 81.60%.

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.