Coca-Cola Company (The) (KO) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in Coca-Cola Company (The) (NYSE:KO) by 33.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,446 shares of the company’s stock after acquiring an additional 28,141 shares during the quarter. Coca-Cola comprises about 1.3% of IFM Investors Pty Ltd’s investment portfolio, making the stock its 19th biggest holding. IFM Investors Pty Ltd’s holdings in Coca-Cola were worth $4,998,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Signature Estate & Investment Advisors LLC boosted its holdings in shares of Coca-Cola by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Coca-Cola by 59.4% during the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after purchasing an additional 1,026 shares during the period. Eagle Ridge Investment Management purchased a new stake in shares of Coca-Cola during the second quarter valued at $138,000. SRS Capital Advisors Inc. boosted its stake in shares of Coca-Cola by 8.6% during the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after purchasing an additional 264 shares during the period. Finally, Perkins Coie Trust Co boosted its stake in shares of Coca-Cola by 21.9% during the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after purchasing an additional 572 shares during the period. Institutional investors own 65.38% of the company’s stock.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the sale, the insider now owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.51% of the stock is owned by company insiders.

KO has been the subject of a number of recent analyst reports. Jefferies Group set a $47.00 target price on shares of Coca-Cola and gave the company a “neutral” rating in a research note on Friday, October 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Coca-Cola in a research note on Wednesday, September 6th. upped their price objective on shares of Coca-Cola from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, September 27th. BMO Capital Markets reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Coca-Cola in a research note on Friday, October 27th. Finally, Goldman Sachs Group set a $45.00 price objective on shares of Coca-Cola and gave the stock a “sell” rating in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.80.

Coca-Cola Company (NYSE:KO) traded up $0.19 on Thursday, hitting $46.45. 8,153,900 shares of the stock traded hands, compared to its average volume of 11,498,164. Coca-Cola Company has a 12-month low of $40.22 and a 12-month high of $47.48. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $197,098.45, a P/E ratio of 24.48, a P/E/G ratio of 3.91 and a beta of 0.70.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The company had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the prior year, the company earned $0.49 EPS. Coca-Cola’s quarterly revenue was down 14.6% on a year-over-year basis. research analysts expect that Coca-Cola Company will post 1.9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.19%. Coca-Cola’s payout ratio is 140.95%.

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About Coca-Cola

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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

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