OVERSEA CHINESE BANKING Corp Ltd Has $26.95 Million Holdings in The Coca-Cola Company (NYSE:KO)

OVERSEA CHINESE BANKING Corp Ltd raised its holdings in The Coca-Cola Company (NYSE:KO) by 62.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 375,130 shares of the company’s stock after buying an additional 143,554 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Coca-Cola were worth $26,953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KO. William Blair Investment Management LLC increased its holdings in Coca-Cola by 17.8% in the 1st quarter. William Blair Investment Management LLC now owns 207,956 shares of the company’s stock valued at $12,723,000 after buying an additional 31,397 shares during the period. Koshinski Asset Management Inc. grew its holdings in shares of Coca-Cola by 4.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 27,953 shares of the company’s stock worth $1,710,000 after purchasing an additional 1,242 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Coca-Cola by 0.7% in the 1st quarter. TD Asset Management Inc now owns 2,935,238 shares of the company’s stock worth $179,578,000 after purchasing an additional 20,048 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Coca-Cola by 3.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 4,343,558 shares of the company’s stock worth $269,431,000 after purchasing an additional 138,392 shares during the last quarter. Finally, Angeles Wealth Management LLC grew its holdings in shares of Coca-Cola by 2.4% in the 1st quarter. Angeles Wealth Management LLC now owns 11,149 shares of the company’s stock worth $682,000 after purchasing an additional 265 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Activity at Coca-Cola

In related news, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $15,968,095. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Lisa Chang sold 40,334 shares of Coca-Cola stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $69.54, for a total transaction of $2,804,826.36. Following the completion of the sale, the executive vice president now owns 74,067 shares of the company’s stock, valued at approximately $5,150,619.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,968,095. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 203,748 shares of company stock valued at $14,274,431. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Stock Performance

Shares of KO stock opened at $63.37 on Tuesday. The company has a market capitalization of $272.99 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 3.88 and a beta of 0.61. The Coca-Cola Company has a 52 week low of $56.60 and a 52 week high of $73.53. The company’s 50 day moving average price is $69.37 and its two-hundred day moving average price is $66.52. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The company had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period last year, the business earned $0.74 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 annualized dividend and a dividend yield of 3.06%. Coca-Cola’s dividend payout ratio is presently 80.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KO shares. StockNews.com lowered shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. TD Cowen upped their target price on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Citigroup increased their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Finally, Cfra reissued a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and an average price target of $71.80.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.