Quantitative Systematic Strategies LLC cut its position in shares of The Coca-Cola Co (NYSE:KO) by 25.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,480 shares of the company’s stock after selling 13,244 shares during the period. Quantitative Systematic Strategies LLC’s holdings in The Coca-Cola were worth $1,811,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of KO. Janus Henderson Group PLC increased its holdings in shares of The Coca-Cola by 1,117.2% during the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after acquiring an additional 12,243,387 shares during the last quarter. Capital World Investors increased its holdings in shares of The Coca-Cola by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after acquiring an additional 11,593,679 shares during the last quarter. Troy Asset Management Ltd acquired a new position in shares of The Coca-Cola during the 3rd quarter valued at about $260,266,000. Vanguard Group Inc. increased its holdings in shares of The Coca-Cola by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after acquiring an additional 4,818,963 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of The Coca-Cola by 12,733.6% during the 3rd quarter. Stifel Financial Corp now owns 4,245,213 shares of the company’s stock valued at $191,194,000 after acquiring an additional 4,212,134 shares during the last quarter. 66.16% of the stock is owned by institutional investors.
Shares of The Coca-Cola Co (KO) opened at $44.57 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.64. The Coca-Cola Co has a 52-week low of $41.83 and a 52-week high of $48.62. The company has a market capitalization of $190,070.00, a P/E ratio of 40.52, a price-to-earnings-growth ratio of 2.60 and a beta of 0.77.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.50%. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s dividend payout ratio (DPR) is currently 134.55%.
A number of research analysts have recently commented on KO shares. Evercore ISI raised The Coca-Cola from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $46.04 to $55.00 in a report on Friday, January 12th. Royal Bank of Canada set a $56.00 target price on The Coca-Cola and gave the company a “buy” rating in a report on Tuesday, January 2nd. Wells Fargo & Co raised The Coca-Cola from a “market perform” rating to an “outperform” rating and raised their target price for the company from $46.72 to $51.00 in a report on Tuesday, November 14th. Deutsche Bank started coverage on The Coca-Cola in a report on Wednesday, December 13th. They issued a “buy” rating and a $52.00 target price on the stock. Finally, Vetr raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 target price on the stock in a report on Monday, December 11th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $49.21.
In related news, insider Ed Hays sold 84,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total transaction of $4,009,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer K. Mann sold 1,883 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $45.00, for a total value of $84,735.00. The disclosure for this sale can be found here. Insiders sold a total of 124,523 shares of company stock valued at $5,885,511 in the last quarter. Corporate insiders own 1.48% of the company’s stock.
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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