Kinneret Advisory LLC Acquires Shares of 95,074 The Coca-Cola Co (KO)

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Kinneret Advisory LLC acquired a new position in shares of The Coca-Cola Co (NYSE:KO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 95,074 shares of the company’s stock, valued at approximately $4,502,000. The Coca-Cola makes up about 1.3% of Kinneret Advisory LLC’s investment portfolio, making the stock its 14th biggest holding.

Several other large investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in The Coca-Cola by 4,577.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,634,956 shares of the company’s stock valued at $415,000 after buying an additional 19,215,135 shares in the last quarter. BlackRock Inc. boosted its stake in The Coca-Cola by 2.9% in the 4th quarter. BlackRock Inc. now owns 253,865,694 shares of the company’s stock valued at $12,020,541,000 after buying an additional 7,272,015 shares in the last quarter. California Public Employees Retirement System boosted its stake in The Coca-Cola by 34.3% in the 4th quarter. California Public Employees Retirement System now owns 16,348,417 shares of the company’s stock valued at $774,098,000 after buying an additional 4,176,279 shares in the last quarter. Vanguard Group Inc boosted its stake in The Coca-Cola by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 289,055,893 shares of the company’s stock valued at $13,351,492,000 after buying an additional 3,918,108 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in The Coca-Cola by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 289,055,893 shares of the company’s stock valued at $13,351,492,000 after buying an additional 3,918,108 shares in the last quarter. 67.83% of the stock is currently owned by institutional investors.

Several analysts recently commented on KO shares. Zacks Investment Research raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Tuesday, January 8th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $56.00 price target on shares of The Coca-Cola in a research note on Wednesday, February 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $51.00 price target on shares of The Coca-Cola in a research note on Thursday, February 14th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $47.00 price target on shares of The Coca-Cola in a research note on Thursday, February 14th. Finally, Citigroup lowered The Coca-Cola from a “buy” rating to a “neutral” rating and decreased their price target for the company from $56.00 to $50.00 in a research note on Thursday, February 14th. Sixteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Hold” and a consensus target price of $50.60.

In other The Coca-Cola news, insider Beatriz R. Perez sold 21,742 shares of the business’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $48.76, for a total value of $1,060,139.92. Following the transaction, the insider now owns 92,645 shares of the company’s stock, valued at $4,517,370.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $48.50, for a total value of $485,000.00. Following the completion of the transaction, the senior vice president now directly owns 92,645 shares in the company, valued at approximately $4,493,282.50. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.

The Coca-Cola stock opened at $46.95 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $200.50 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 3.14 and a beta of 0.52. The Coca-Cola Co has a 52 week low of $41.45 and a 52 week high of $50.84.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Thursday, February 14th. The company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The company had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.07 billion. The Coca-Cola had a return on equity of 43.91% and a net margin of 20.20%. The business’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Research analysts anticipate that The Coca-Cola Co will post 2.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 3.41%. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.39. The Coca-Cola’s payout ratio is currently 76.92%.

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About The Coca-Cola

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 plant–based 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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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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