The Coca-Cola Co (NYSE:KO) Shares Purchased by DekaBank Deutsche Girozentrale

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DekaBank Deutsche Girozentrale boosted its stake in The Coca-Cola Co (NYSE:KO) by 13.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,579,554 shares of the company’s stock after purchasing an additional 421,518 shares during the period. The Coca-Cola comprises approximately 0.9% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 20th largest position. DekaBank Deutsche Girozentrale’s holdings in The Coca-Cola were worth $183,460,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KO. Prime Capital Investment Advisors LLC bought a new position in shares of The Coca-Cola during the 1st quarter worth approximately $28,000. Orrstown Financial Services Inc. boosted its holdings in shares of The Coca-Cola by 230.8% in the 1st quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after buying an additional 517 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new stake in The Coca-Cola during the 1st quarter valued at $35,000. Canton Hathaway LLC lifted its holdings in shares of The Coca-Cola by 83.5% during the second quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock worth $48,000 after buying an additional 430 shares in the last quarter. Finally, PRW Wealth Management LLC acquired a new stake in shares of The Coca-Cola during the fourth quarter worth $50,000. Hedge funds and other institutional investors own 66.69% of the company’s stock.

A number of research analysts recently commented on the company. Atlantic Securities assumed coverage on The Coca-Cola in a research report on Monday, July 29th. They issued an “overweight” rating and a $62.00 price target on the stock. BMO Capital Markets raised their price target on The Coca-Cola from $48.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their target price on The Coca-Cola from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Barclays set a $54.00 target price on The Coca-Cola and gave the company a “buy” rating in a research report on Thursday, May 16th. Finally, SunTrust Banks lifted their target price on The Coca-Cola to $60.00 and gave the company a “positive” rating in a research report on Wednesday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $54.10.

In other The Coca-Cola news, VP John Murphy sold 84,400 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $49.99, for a total value of $4,219,156.00. Following the transaction, the vice president now directly owns 133,715 shares of the company’s stock, valued at $6,684,412.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James L. Dinkins sold 45,875 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $53.26, for a total value of $2,443,302.50. Following the completion of the transaction, the insider now directly owns 95,101 shares in the company, valued at $5,065,079.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,855 shares of company stock worth $16,879,778. 1.33% of the stock is owned by insiders.

The Coca-Cola stock opened at $53.50 on Wednesday. The business has a 50 day moving average of $52.39. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.71 and a current ratio of 0.83. The firm has a market capitalization of $228.43 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 3.71 and a beta of 0.48. The Coca-Cola Co has a one year low of $44.25 and a one year high of $54.82.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.86 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 earnings per share. As a group, analysts predict that The Coca-Cola Co will post 2.1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, September 13th. The Coca-Cola’s dividend payout ratio is currently 76.92%.

The Coca-Cola Company Profile

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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