The Coca-Cola Company (NYSE:KO) Shares Bought by Stonehage Fleming Financial Services Holdings Ltd

Stonehage Fleming Financial Services Holdings Ltd raised its position in The Coca-Cola Company (NYSE:KOGet Rating) by 24.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,341 shares of the company’s stock after acquiring an additional 860 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Coca-Cola were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Coca-Cola in the fourth quarter worth $2,222,027,000. BlackRock Inc. raised its holdings in shares of Coca-Cola by 3.7% in the fourth quarter. BlackRock Inc. now owns 279,741,946 shares of the company’s stock worth $16,563,519,000 after buying an additional 9,884,447 shares during the last quarter. abrdn plc raised its holdings in shares of Coca-Cola by 144.5% in the fourth quarter. abrdn plc now owns 5,790,891 shares of the company’s stock worth $342,878,000 after buying an additional 3,422,105 shares during the last quarter. State Street Corp raised its holdings in shares of Coca-Cola by 1.8% in the fourth quarter. State Street Corp now owns 170,597,908 shares of the company’s stock worth $10,101,102,000 after buying an additional 2,984,878 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Coca-Cola in the fourth quarter worth $167,161,000. 68.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on KO. Morgan Stanley decreased their price target on shares of Coca-Cola from $76.00 to $74.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. UBS Group raised their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. DZ Bank cut shares of Coca-Cola from a “buy” rating to a “hold” rating and set a $69.00 target price for the company. in a report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Coca-Cola from $62.00 to $64.00 and gave the stock a “hold” rating in a report on Tuesday, April 26th. Finally, Truist Financial raised their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 26th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target of $69.35.

Insider Activity

In related news, Director Carolyn Everson bought 983 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were acquired at an average price of $62.29 per share, for a total transaction of $61,231.07. Following the completion of the transaction, the director now directly owns 1,500 shares in the company, valued at $93,435. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO James Quincey sold 32,000 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $64.09, for a total transaction of $2,050,880.00. Following the transaction, the chief executive officer now directly owns 351,737 shares in the company, valued at $22,542,824.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carolyn Everson purchased 983 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were acquired at an average price of $62.29 per share, for a total transaction of $61,231.07. Following the completion of the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $93,435. The disclosure for this purchase can be found here. Company insiders own 0.98% of the company’s stock.

Coca-Cola Stock Performance

KO traded down $0.10 on Friday, reaching $65.12. The stock had a trading volume of 122,963 shares, compared to its average volume of 11,425,917. The Coca-Cola Company has a 12-month low of $52.28 and a 12-month high of $67.20. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.48. The business’s 50-day moving average price is $62.64 and its two-hundred day moving average price is $62.63. The company has a market cap of $281.62 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 4.11 and a beta of 0.53.

Coca-Cola (NYSE:KOGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The company had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts forecast that The Coca-Cola Company will post 2.46 earnings per share for the current year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 16th will be given a $0.44 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.76 annualized dividend and a dividend yield of 2.70%. Coca-Cola’s dividend payout ratio (DPR) is 79.64%.

About Coca-Cola

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The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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