Dimensional Fund Advisors LP lifted its holdings in shares of The Coca-Cola Co (NYSE:KO) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,305,208 shares of the company’s stock after acquiring an additional 183,316 shares during the period. Dimensional Fund Advisors LP’s holdings in The Coca-Cola were worth $535,295,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of KO. Van ECK Associates Corp lifted its position in The Coca-Cola by 14.8% in the fourth quarter. Van ECK Associates Corp now owns 98,108 shares of the company’s stock worth $4,645,000 after purchasing an additional 12,660 shares during the period. Northeast Investment Management lifted its position in The Coca-Cola by 4.4% in the fourth quarter. Northeast Investment Management now owns 42,961 shares of the company’s stock worth $2,034,000 after purchasing an additional 1,818 shares during the period. GSA Capital Partners LLP acquired a new stake in The Coca-Cola in the fourth quarter worth approximately $234,000. CX Institutional acquired a new stake in The Coca-Cola in the fourth quarter worth approximately $928,000. Finally, Moller Financial Services acquired a new stake in The Coca-Cola in the fourth quarter worth approximately $292,000. Institutional investors and hedge funds own 67.82% of the company’s stock.
Shares of NYSE:KO opened at $48.47 on Tuesday. The Coca-Cola Co has a one year low of $41.45 and a one year high of $50.84. The firm has a market cap of $206.34 billion, a PE ratio of 23.30, a P/E/G ratio of 3.28 and a beta of 0.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.02 and a quick ratio of 0.91.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The Coca-Cola had a return on equity of 45.12% and a net margin of 20.91%. The company had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.89 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts expect 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 Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.30%. The Coca-Cola’s dividend payout ratio (DPR) is presently 76.92%.
In other news, insider Francisco Crespo sold 16,426 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $49.00, for a total transaction of $804,874.00. Following the completion of the sale, the insider now owns 77,109 shares in the company, valued at approximately $3,778,341. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.33% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on the company. Royal Bank of Canada restated a “buy” rating and issued a $56.00 target price on shares of The Coca-Cola in a research report on Wednesday, February 13th. ValuEngine upgraded The Coca-Cola from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $47.00 target price on shares of The Coca-Cola in a research report on Tuesday, April 23rd. Zacks Investment Research downgraded The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Monday. Finally, UBS Group upped their target price on The Coca-Cola from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Fifteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $50.80.
TRADEMARK VIOLATION NOTICE: This story was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.thelincolnianonline.com/2019/05/07/dimensional-fund-advisors-lp-has-535-30-million-stake-in-the-coca-cola-co-ko.html.
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 plantbased 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.
Read More: How Do Front-End Loads Impact an Investment?
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Co (NYSE:KO).
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.