Amundi Pioneer Asset Management Inc. raised its position in The Coca-Cola Company (NYSE:KO) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,617,618 shares of the company’s stock after purchasing an additional 291,946 shares during the period. Amundi Pioneer Asset Management Inc. owned 0.18% of The Coca-Cola worth $417,752,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Bellwether Advisors LLC acquired a new position in shares of The Coca-Cola in the 4th quarter valued at $25,000. McClarren Financial Advisors Inc. acquired a new position in shares of The Coca-Cola in the 4th quarter valued at $26,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of The Coca-Cola by 136.3% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,229 shares of the company’s stock valued at $28,000 after buying an additional 709 shares in the last quarter. Merrion Investment Management Co LLC acquired a new position in shares of The Coca-Cola in the 4th quarter valued at $33,000. Finally, West Financial Advisors LLC acquired a new position in shares of The Coca-Cola in the 4th quarter valued at $34,000. 65.99% of the stock is currently owned by institutional investors.
KO stock opened at $53.28 on Thursday. The Coca-Cola Company has a one year low of $43.20 and a one year high of $54.93. The stock has a market capitalization of $229.60 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 5.70 and a beta of 0.58. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.01 and a current ratio of 1.13. The company has a fifty day moving average of $51.12 and a 200-day moving average of $51.00.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Monday, March 15th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Friday, March 12th. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.41. The Coca-Cola’s dividend payout ratio (DPR) is currently 79.62%.
In other news, insider Alfredo Rivera sold 20,000 shares of the stock in a transaction dated Tuesday, March 9th. The shares were sold at an average price of $51.15, for a total value of $1,023,000.00. Following the completion of the transaction, the insider now owns 62,000 shares in the company, valued at approximately $3,171,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nikolaos Koumettis sold 60,000 shares of the stock in a transaction dated Monday, March 29th. The shares were sold at an average price of $53.30, for a total transaction of $3,198,000.00. Following the completion of the transaction, the insider now owns 145,011 shares of the company’s stock, valued at approximately $7,729,086.30. The disclosure for this sale can be found here. Insiders sold a total of 80,501 shares of company stock valued at $4,246,280 in the last quarter. Insiders own 1.01% of the company’s stock.
Several research analysts have recently issued reports on the stock. Royal Bank of Canada upgraded shares of The Coca-Cola from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $55.00 to $60.00 in a report on Monday, March 15th. Deutsche Bank Aktiengesellschaft cut shares of The Coca-Cola from a “buy” rating to a “hold” rating and lowered their target price for the company from $57.00 to $55.00 in a report on Tuesday, January 5th. Sanford C. Bernstein started coverage on shares of The Coca-Cola in a research note on Tuesday, January 19th. They set an “outperform” rating and a $58.00 price target for the company. HSBC decreased their price target on shares of The Coca-Cola from $61.00 to $58.00 in a research note on Wednesday, January 13th. Finally, Guggenheim cut shares of The Coca-Cola from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $54.86.
The 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; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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