Keybank National Association OH reduced its position in The Coca-Cola Co (NYSE:KO) by 0.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,112,771 shares of the company’s stock after selling 1,426 shares during the period. Keybank National Association OH’s holdings in The Coca-Cola were worth $95,096,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Janus Henderson Group PLC lifted its position in The Coca-Cola by 1,117.2% during the second quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock worth $598,273,000 after acquiring an additional 12,243,387 shares during the last quarter. Capital World Investors lifted its position in The Coca-Cola by 8.9% during the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after acquiring an additional 11,593,679 shares during the last quarter. Troy Asset Management Ltd acquired a new stake in The Coca-Cola during the third quarter worth approximately $260,266,000. Vanguard Group Inc. lifted its position in The Coca-Cola by 1.8% during the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after acquiring an additional 4,818,963 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in The Coca-Cola by 69.6% during the third quarter. Canada Pension Plan Investment Board now owns 9,016,828 shares of the company’s stock worth $405,847,000 after acquiring an additional 3,700,700 shares during the last quarter. Institutional investors and hedge funds own 65.30% of the company’s stock.
Several equities research analysts have issued reports on KO shares. Vetr upgraded shares of The Coca-Cola from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Royal Bank of Canada set a $49.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Sunday, November 12th. Goldman Sachs Group set a $45.00 price target on shares of The Coca-Cola and gave the company a “sell” rating in a research report on Wednesday, November 15th. Jefferies Group set a $47.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Friday, October 13th. Finally, Zacks Investment Research downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $48.59.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. equities analysts anticipate that The Coca-Cola Co will post 1.91 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.37 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.20%. The Coca-Cola’s dividend payout ratio (DPR) is 140.95%.
In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of The Coca-Cola stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.51% of the company’s stock.
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The Coca-Cola Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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