CocaCola Company (The) (NYSE:KO) Holdings Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,982,254 shares of the company's stock after buying an additional 109,372 shares during the period. Asset Management One Co. Ltd.'s holdings in CocaCola were worth $141,969,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in CocaCola in the fourth quarter worth $3,402,151,000. Capital International Investors lifted its position in shares of CocaCola by 96.0% in the 4th quarter. Capital International Investors now owns 24,949,194 shares of the company's stock worth $1,553,337,000 after buying an additional 12,222,885 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of CocaCola by 18.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock valued at $4,617,400,000 after buying an additional 11,569,920 shares during the period. Raymond James Financial Inc. bought a new stake in shares of CocaCola during the 4th quarter valued at about $500,192,000. Finally, Franklin Resources Inc. raised its stake in CocaCola by 21.9% during the fourth quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock worth $2,123,301,000 after acquiring an additional 6,118,819 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling at CocaCola

In related news, CFO John Murphy sold 88,658 shares of CocaCola stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the transaction, the chief financial officer now owns 205,511 shares of the company's stock, valued at approximately $14,815,287.99. This trade represents a 30.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the sale, the executive vice president now owns 187,716 shares in the company, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on KO shares. Royal Bank Of Canada upped their target price on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. UBS Group upped their price objective on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Cfra Research raised CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Barclays reissued an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Finally, Piper Sandler increased their price objective on shares of CocaCola from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $76.27.

CocaCola Price Performance

Shares of NYSE KO traded down $0.55 during mid-day trading on Wednesday, reaching $69.66. 12,536,081 shares of the company traded hands, compared to its average volume of 16,023,575. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The firm has a market cap of $299.84 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 3.68 and a beta of 0.46. The stock has a fifty day simple moving average of $71.38 and a 200-day simple moving average of $68.18. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same period last year, the company posted $0.72 EPS. The firm's quarterly revenue was down .7% on a year-over-year basis. Equities research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Friday, June 13th. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

CocaCola Company Profile

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