51,801 Coca-Cola Company (The) $KO Shares Bought by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab boosted its stake in shares of Coca-Cola Company (The) (NYSE:KO – Free Report) by 10.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 560,727 shares of the company’s stock after buying an additional 51,801 shares during the period. Danica Pension Livsforsikringsaktieselskab’s holdings in Coca-Cola were worth $48,267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Banco Santander S.A. lifted its position in Coca-Cola by 3.1% during the second quarter. Banco Santander S.A. now owns 1,090,758 shares of the company’s stock valued at $88,646,000 after acquiring an additional 32,723 shares during the last quarter. CX Institutional grew its holdings in Coca-Cola by 402.3% in the third quarter. CX Institutional now owns 163,248 shares of the company’s stock worth $14,052,000 after purchasing an additional 130,746 shares during the last quarter. Daymark Wealth Partners LLC grew its holdings in Coca-Cola by 68.5% in the second quarter. Daymark Wealth Partners LLC now owns 218,199 shares of the company’s stock worth $17,733,000 after purchasing an additional 88,690 shares during the last quarter. Moore Capital Management LP purchased a new position in Coca-Cola in the second quarter worth $12,905,000. Finally, Ninety One UK Ltd increased its position in shares of Coca-Cola by 439.5% during the third quarter. Ninety One UK Ltd now owns 17,851 shares of the company’s stock worth $1,537,000 after purchasing an additional 14,542 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KO shares. Seaport Research Partners set a $95.00 price objective on Coca-Cola in a report on Friday, August 14th. Rothschild & Co Redburn upped their target price on Coca-Cola from $86.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Daiwa Securities Group increased their price target on Coca-Cola from $83.00 to $93.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $93.00 price target (up from $83.00) on shares of Coca-Cola in a report on Wednesday, July 29th. Finally, BNP Paribas Exane boosted their price target on Coca-Cola from $90.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $97.26.

Check Out Our Latest Stock Report on Coca-Cola

Insider Activity at Coca-Cola

In related news, EVP Nancy Quan sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the completion of the transaction, the executive vice president directly owned 223,330 shares in the company, valued at $20,186,798.70. The trade was a 18.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Bruno Pietracci sold 111,365 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $90.93, for a total transaction of $10,126,419.45. Following the completion of the sale, the insider directly owned 41,365 shares in the company, valued at approximately $3,761,319.45. The trade was a 72.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 249,498 shares of company stock worth $23,025,238 over the last three months. Company insiders own 0.90% of the company’s stock.

Key Coca-Cola News

Investors following KO have been watching these news items:

Coca-Cola Stock Performance

KO traded up $1.64 during trading on Friday, reaching $99.08. 18,016,764 shares of the company’s stock were exchanged, compared to its average volume of 18,540,020. Coca-Cola Company has a 1 year low of $67.27 and a 1 year high of $99.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.38 and a quick ratio of 1.19. The stock has a market capitalization of $426.24 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 3.80 and a beta of 0.28. The company’s fifty day simple moving average is $90.83 and its 200-day simple moving average is $83.31.

Coca-Cola (NYSE:KO – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The business had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $12.92 billion. Coca-Cola had a net margin of 28.65% and a return on equity of 38.79%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 EPS. As a group, research analysts predict that Coca-Cola Company will post 3.34 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 1st. Coca-Cola’s dividend payout ratio (DPR) is 62.35%.

About Coca-Cola

(Free Report)

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world’s most recognized soft drink brands. The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.

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

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