WINTON GROUP Ltd raised its holdings in shares of The Coca-Cola Co (NYSE:KO) by 383.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,087,169 shares of the company’s stock after buying an additional 862,393 shares during the quarter. The Coca-Cola comprises about 1.1% of WINTON GROUP Ltd’s portfolio, making the stock its 2nd biggest holding. WINTON GROUP Ltd’s holdings in The Coca-Cola were worth $50,216,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of The Coca-Cola by 8.7% in the first quarter. Principal Financial Group Inc. now owns 8,128,273 shares of the company’s stock valued at $353,011,000 after buying an additional 648,091 shares during the period. Fisher Asset Management LLC boosted its stake in shares of The Coca-Cola by 1.7% in the second quarter. Fisher Asset Management LLC now owns 558,855 shares of the company’s stock valued at $24,511,000 after buying an additional 9,586 shares during the period. Xact Kapitalforvaltning AB boosted its stake in shares of The Coca-Cola by 3.1% in the second quarter. Xact Kapitalforvaltning AB now owns 427,980 shares of the company’s stock valued at $18,771,000 after buying an additional 12,815 shares during the period. CX Institutional bought a new stake in shares of The Coca-Cola in the second quarter valued at approximately $850,000. Finally, NN Investment Partners Holdings N.V. boosted its stake in shares of The Coca-Cola by 3.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 995,310 shares of the company’s stock valued at $43,656,000 after buying an additional 31,161 shares during the period. 65.45% of the stock is owned by institutional investors and hedge funds.
KO has been the subject of several recent research reports. Morgan Stanley set a $49.00 price target on The Coca-Cola and gave the company a “neutral” rating in a research note on Wednesday, August 29th. Royal Bank of Canada set a $56.00 target price on The Coca-Cola and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Macquarie set a $47.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a research note on Friday, September 14th. Argus upgraded The Coca-Cola to a “hold” rating in a research note on Friday, August 24th. Finally, Jefferies Financial Group restated a “hold” rating and set a $48.00 target price on shares of The Coca-Cola in a research note on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the stock. The Coca-Cola presently has an average rating of “Hold” and an average target price of $51.43.
In other news, SVP Beatriz R. Perez sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total transaction of $479,800.00. Following the completion of the transaction, the senior vice president now directly owns 92,645 shares in the company, valued at $4,445,107.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James L. Dinkins sold 8,754 shares of the company’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total transaction of $411,000.30. Following the transaction, the senior vice president now owns 28,354 shares of the company’s stock, valued at $1,331,220.30. The disclosure for this sale can be found here. Insiders have sold 176,354 shares of company stock valued at $8,559,188 over the last quarter. Company insiders own 1.48% of the company’s stock.
Shares of NYSE:KO opened at $49.68 on Friday. The firm has a market cap of $210.61 billion, a PE ratio of 24.08, a P/E/G ratio of 3.23 and a beta of 0.60. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 0.98. The Coca-Cola Co has a 52-week low of $41.45 and a 52-week high of $49.89.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. The company had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.20 billion. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. On average, sell-side analysts anticipate that The Coca-Cola Co will post 2.08 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.56 annualized dividend and a dividend yield of 3.14%. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.
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The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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