NS Partners Ltd Has $8.71 Million Position in Coca-Cola Company (The) (NYSE:KO)

NS Partners Ltd boosted its position in shares of Coca-Cola Company (The) (NYSE:KO) by 99.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 205,143 shares of the company’s stock after buying an additional 102,390 shares during the period. NS Partners Ltd’s holdings in Coca-Cola Company (The) were worth $8,706,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KO. Norges Bank bought a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at approximately $1,486,731,000. Legal & General Group Plc boosted its position in shares of Coca-Cola Company (The) by 4.0% in the first quarter. Legal & General Group Plc now owns 20,535,490 shares of the company’s stock valued at $871,552,000 after buying an additional 789,178 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Coca-Cola Company (The) by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,738,092 shares of the company’s stock valued at $752,805,000 after buying an additional 1,001,984 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Coca-Cola Company (The) by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,687,859 shares of the company’s stock valued at $496,033,000 after buying an additional 41,520 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Coca-Cola Company (The) by 1.9% in the first quarter. Fisher Asset Management LLC now owns 10,798,577 shares of the company’s stock valued at $458,292,000 after buying an additional 198,394 shares during the last quarter. 63.68% of the stock is owned by institutional investors.

Shares of Coca-Cola Company (KO) traded down 0.33% during midday trading on Friday, hitting $45.59. 8,357,607 shares of the company’s stock traded hands. The firm has a market capitalization of $194.46 billion, a price-to-earnings ratio of 48.14 and a beta of 0.69. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.43. The company has a 50 day moving average price of $45.14 and a 200 day moving average price of $43.57.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. Equities analysts anticipate that Coca-Cola Company will post $1.90 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

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Several equities analysts have recently commented on KO shares. Jefferies Group LLC reaffirmed a “neutral” rating and set a $45.00 price target (up previously from $42.00) on shares of Coca-Cola Company (The) in a research report on Tuesday, April 18th. UBS AG set a $48.00 price target on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Credit Suisse Group raised shares of Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $44.00 to $49.00 in a research report on Wednesday, April 19th. Zacks Investment Research raised shares of Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Friday, April 21st. Finally, Vetr raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price target on the stock in a research report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.70.

In other Coca-Cola Company (The) news, insider Mark Randazza sold 24,156 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $46.01, for a total value of $1,111,417.56. Following the completion of the transaction, the insider now directly owns 26,567 shares of the company’s stock, valued at $1,222,347.67. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jennifer K. Mann sold 8,819 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $45.61, for a total transaction of $402,234.59. Following the completion of the transaction, the insider now directly owns 30,553 shares of the company’s stock, valued at $1,393,522.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 614,841 shares of company stock worth $27,900,186. Company insiders own 1.51% of the company’s stock.

Coca-Cola Company (The) Company Profile

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.

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

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