OMERS ADMINISTRATION Corp Has $11.96 Million Holdings in The Coca-Cola Company (NYSE:KO)

OMERS ADMINISTRATION Corp increased its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 26.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,151 shares of the company's stock after purchasing an additional 39,656 shares during the period. OMERS ADMINISTRATION Corp's holdings in Coca-Cola were worth $11,963,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of KO. Charles Schwab Investment Management Inc. raised its position in shares of Coca-Cola by 18.5% during 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 acquiring an additional 11,569,920 shares during the last quarter. Norges Bank bought a new stake in shares of Coca-Cola in the 4th quarter valued at $3,402,151,000. Northern Trust Corp increased its position in shares of Coca-Cola by 9.5% in the 4th quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock valued at $2,727,131,000 after buying an additional 3,811,756 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Coca-Cola by 21.9% in the 4th quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock valued at $2,123,301,000 after buying an additional 6,118,819 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Coca-Cola by 96.0% in the 4th quarter. Capital International Investors now owns 24,949,194 shares of the company's stock valued at $1,553,337,000 after buying an additional 12,222,885 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on KO. Royal Bank of Canada upped their price objective on shares of Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Barclays restated an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. UBS Group upped their price objective on shares of Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Finally, Piper Sandler upped their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $75.59.

Coca-Cola Trading Down 1.5%

Coca-Cola stock opened at $69.50 on Tuesday. The Coca-Cola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The stock has a market capitalization of $299.13 billion, a P/E ratio of 28.14, a PEG ratio of 3.79 and a beta of 0.47. The stock has a 50-day simple moving average of $70.94 and a 200 day simple moving average of $66.65.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.02. The business had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Coca-Cola's quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. Analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 2.94%. Coca-Cola's dividend payout ratio (DPR) is presently 81.60%.

Insiders Place Their Bets

In related news, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Lisa Chang sold 13,445 shares of Coca-Cola stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total transaction of $961,317.50. Following the completion of the transaction, the executive vice president now directly owns 94,676 shares in the company, valued at $6,769,334. This trade represents a 12.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 462,407 shares of company stock worth $32,990,056 over the last three months. Insiders own 0.97% of the company's stock.

Coca-Cola 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.

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