Edmond DE Rothschild Holding S.A. lowered its position in The Coca-Cola Co (NYSE:KO) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,488 shares of the company’s stock after selling 5,048 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in The Coca-Cola were worth $1,680,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its position in shares of The Coca-Cola by 4,577.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,634,956 shares of the company’s stock valued at $415,000 after acquiring an additional 19,215,135 shares during the last quarter. BlackRock Inc. increased its position in The Coca-Cola by 2.9% in the fourth quarter. BlackRock Inc. now owns 253,865,694 shares of the company’s stock worth $12,020,541,000 after buying an additional 7,272,015 shares during the last quarter. Geode Capital Management LLC increased its position in The Coca-Cola by 10.8% in the fourth quarter. Geode Capital Management LLC now owns 46,561,672 shares of the company’s stock worth $2,200,726,000 after buying an additional 4,528,987 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of The Coca-Cola by 34.3% in the fourth quarter. California Public Employees Retirement System now owns 16,348,417 shares of the company’s stock worth $774,098,000 after acquiring an additional 4,176,279 shares during the period. Finally, Vanguard Group Inc boosted its holdings in shares of The Coca-Cola by 1.4% in the third quarter. Vanguard Group Inc now owns 289,055,893 shares of the company’s stock worth $13,351,492,000 after acquiring an additional 3,918,108 shares during the period. Institutional investors and hedge funds own 67.72% of the company’s stock.
NYSE:KO traded up $0.79 during mid-day trading on Friday, reaching $48.19. 9,615,546 shares of the company’s stock traded hands, compared to its average volume of 11,220,290. The Coca-Cola Co has a 12-month low of $41.45 and a 12-month high of $50.84. The company has a market cap of $202.20 billion, a PE ratio of 22.57, a P/E/G ratio of 3.19 and a beta of 0.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.02 and a quick ratio of 0.91.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.32%. The Coca-Cola’s dividend payout ratio (DPR) is 76.92%.
In other The Coca-Cola news, insider Francisco Crespo sold 16,426 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $49.00, for a total transaction of $804,874.00. Following the transaction, the insider now owns 77,109 shares in the company, valued at approximately $3,778,341. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.33% of the stock is currently owned by corporate insiders.
Several equities research analysts recently issued reports on KO shares. Royal Bank of Canada reissued a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a research note on Wednesday, February 13th. Deutsche Bank reissued a “buy” rating and set a $53.00 price objective on shares of The Coca-Cola in a research note on Thursday, April 18th. Zacks Investment Research raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Friday, April 26th. ValuEngine raised The Coca-Cola from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Morgan Stanley lifted their price target on The Coca-Cola from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Fourteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $50.80.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantbased beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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