The Coca-Cola Company (NYSE:KO) Position Boosted by Unigestion Holding SA

Unigestion Holding SA boosted its position in The Coca-Cola Company (NYSE:KO) by 46.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 617,968 shares of the company’s stock after buying an additional 196,124 shares during the quarter. Coca-Cola makes up about 2.1% of Unigestion Holding SA’s investment portfolio, making the stock its 11th biggest holding. Unigestion Holding SA’s holdings in Coca-Cola were worth $44,401,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Second Line Capital LLC boosted its holdings in shares of Coca-Cola by 14.7% in the 3rd quarter. Second Line Capital LLC now owns 8,957 shares of the company’s stock valued at $648,000 after buying an additional 1,147 shares during the period. TCW Group Inc. boosted its stake in Coca-Cola by 147.5% in the third quarter. TCW Group Inc. now owns 142,937 shares of the company’s stock valued at $10,271,000 after acquiring an additional 85,189 shares during the period. Sunbelt Securities Inc. boosted its stake in Coca-Cola by 2.0% in the third quarter. Sunbelt Securities Inc. now owns 10,327 shares of the company’s stock valued at $742,000 after acquiring an additional 202 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of Coca-Cola by 5.5% during the third quarter. Coldstream Capital Management Inc. now owns 123,365 shares of the company’s stock valued at $8,825,000 after purchasing an additional 6,409 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Coca-Cola by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company’s stock worth $6,664,005,000 after purchasing an additional 2,966,964 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.5 %

Shares of NYSE:KO opened at $62.94 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The stock has a market capitalization of $271.11 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 3.80 and a beta of 0.61. The Coca-Cola Company has a 1-year low of $57.47 and a 1-year high of $73.53. The company has a 50 day moving average price of $66.03 and a 200 day moving average price of $66.61.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $11.85 billion during the quarter, compared to analyst estimates of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company’s revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $0.74 EPS. On average, research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 3.08%. Coca-Cola’s payout ratio is presently 80.17%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KO. Barclays reduced their price objective on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Morgan Stanley reduced their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Truist Financial increased their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company reduced their target price on shares of Coca-Cola from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday, December 2nd. Finally, Cfra restated a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and an average price target of $72.14.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the transaction, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.