ANTIPODES PARTNERS Ltd Has $104.80 Million Stake in Coca-Cola Co (The) (NYSE:KO)

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ANTIPODES PARTNERS Ltd increased its position in Coca-Cola Co (The) (NYSE:KO) by 46.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,345,609 shares of the company’s stock after purchasing an additional 744,669 shares during the period. Coca-Cola accounts for 4.7% of ANTIPODES PARTNERS Ltd’s investment portfolio, making the stock its 6th largest holding. ANTIPODES PARTNERS Ltd’s holdings in Coca-Cola were worth $104,801,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in Coca-Cola by 11.2% in the first quarter. Wellington Management Group LLP now owns 102,693,257 shares of the company’s stock valued at $4,544,177,000 after buying an additional 10,308,917 shares in the last quarter. Capital World Investors raised its stake in Coca-Cola by 17.8% during the first quarter. Capital World Investors now owns 38,240,690 shares of the company’s stock worth $1,692,153,000 after purchasing an additional 5,792,057 shares during the period. Two Sigma Advisers LP raised its stake in Coca-Cola by 622.4% during the first quarter. Two Sigma Advisers LP now owns 6,098,101 shares of the company’s stock worth $269,841,000 after purchasing an additional 5,253,900 shares during the period. BlackRock Inc. raised its stake in Coca-Cola by 1.9% during the first quarter. BlackRock Inc. now owns 279,336,356 shares of the company’s stock worth $12,360,635,000 after purchasing an additional 5,199,670 shares during the period. Finally, Flossbach Von Storch AG raised its stake in Coca-Cola by 753.3% during the first quarter. Flossbach Von Storch AG now owns 5,443,869 shares of the company’s stock worth $240,891,000 after purchasing an additional 4,805,893 shares during the period. Institutional investors own 67.40% of the company’s stock.

Several equities research analysts recently issued reports on KO shares. Barclays reaffirmed a “buy” rating and set a $50.00 price target on shares of Coca-Cola in a research note on Thursday, April 23rd. Citigroup decreased their price objective on shares of Coca-Cola from $63.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Jefferies Financial Group decreased their price target on shares of Coca-Cola from $48.00 to $47.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Zacks Investment Research lowered shares of Coca-Cola from a “hold” rating to a “sell” rating and set a $49.00 price target for the company. in a report on Wednesday, May 27th. Finally, Morgan Stanley raised shares of Coca-Cola from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $52.00 to $54.00 in a report on Wednesday, July 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Coca-Cola has an average rating of “Buy” and an average target price of $54.05.

In related news, Director David B. Weinberg sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $48.02, for a total transaction of $9,604,000.00. Following the transaction, the director now directly owns 355,214 shares of the company’s stock, valued at approximately $17,057,376.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David B. Weinberg sold 98,905 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $48.50, for a total value of $4,796,892.50. Following the transaction, the director now directly owns 355,214 shares in the company, valued at $17,227,879. The disclosure for this sale can be found here. Insiders sold a total of 698,905 shares of company stock valued at $33,768,893 in the last 90 days. Corporate insiders own 1.01% of the company’s stock.

Shares of KO traded down $0.45 during midday trading on Friday, reaching $47.24. 14,850,566 shares of the stock were exchanged, compared to its average volume of 16,251,326. The company has a market cap of $202.92 billion, a P/E ratio of 22.28, a PEG ratio of 5.51 and a beta of 0.54. The stock’s 50 day simple moving average is $45.98 and its 200 day simple moving average is $49.34. Coca-Cola Co has a twelve month low of $36.27 and a twelve month high of $60.13. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 1.97.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. Coca-Cola had a return on equity of 41.44% and a net margin of 26.77%. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.26 billion. During the same period in the previous year, the business posted $0.63 earnings per share. The business’s quarterly revenue was down 28.0% compared to the same quarter last year. As a group, analysts predict that Coca-Cola Co will post 1.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Monday, September 14th. Coca-Cola’s payout ratio is currently 77.73%.

Coca-Cola 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 Coca-Cola (NYSE:KO)

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