Daiwa SB Investments Ltd. increased its holdings in The Coca-Cola Co (NYSE:KO) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 143,190 shares of the company’s stock after acquiring an additional 13,190 shares during the quarter. The Coca-Cola makes up 1.7% of Daiwa SB Investments Ltd.’s portfolio, making the stock its 22nd biggest position. Daiwa SB Investments Ltd.’s holdings in The Coca-Cola were worth $6,570,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its stake 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 valued at $598,273,000 after buying an additional 12,243,387 shares in the last quarter. Capital World Investors raised its stake 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 valued at $6,370,815,000 after buying an additional 11,593,679 shares in the last quarter. Troy Asset Management Ltd acquired a new stake in The Coca-Cola during the third quarter valued at approximately $260,266,000. Vanguard Group Inc. raised its stake 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 valued at $12,343,662,000 after buying an additional 4,818,963 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in The Coca-Cola by 12,733.6% during the third quarter. Stifel Financial Corp now owns 4,245,213 shares of the company’s stock valued at $191,194,000 after buying an additional 4,212,134 shares in the last quarter. Institutional investors and hedge funds own 65.34% of the company’s stock.
The Coca-Cola Co (KO) opened at $44.98 on Monday. The Coca-Cola Co has a fifty-two week low of $41.05 and a fifty-two week high of $48.62. The stock has a market capitalization of $191,640.00, a P/E ratio of 40.89, a P/E/G ratio of 3.63 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.47%. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, March 14th. The Coca-Cola’s dividend payout ratio is 134.55%.
Several brokerages have issued reports on KO. BMO Capital Markets restated a “hold” rating and set a $48.00 price objective on shares of The Coca-Cola in a research note on Friday. Goldman Sachs Group set a $45.00 price objective on The Coca-Cola and gave the company a “sell” rating in a research note on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price objective on The Coca-Cola and gave the company a “hold” rating in a research note on Wednesday, December 20th. JPMorgan Chase & Co. set a $49.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, November 16th. Finally, Vetr upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective on the stock in a research note on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The Coca-Cola presently has an average rating of “Hold” and an average price target of $49.09.
In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the transaction, the insider now directly owns 24,673 shares of the company’s stock, valued at approximately $1,183,070.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kathy N. Waller sold 23,240 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the transaction, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The disclosure for this sale can be found here. Insiders sold a total of 122,640 shares of company stock valued at $5,800,776 over the last three months. Corporate insiders own 1.51% of the company’s stock.
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The Coca-Cola Company 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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