2 weeks Ago By Defense World Staff
Legal & General Group Plc boosted its position in The Coca-Cola Company ( NYSE:KO – Free Report ) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,701,876 shares of the company’s stock after purchasing an additional 1,084,475 shares during the quarter.
Coca-Cola comprises 0.6% of Legal & General Group Plc’s holdings, making the stock its 23rd biggest position. Legal & General Group Plc owned approximately 0.
90% of Coca-Cola worth $2,463,373,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lummis Asset Management LP boosted its position in Coca-Cola by 1.
1% during the 2nd quarter. Lummis Asset Management LP now owns 14,855 shares of the company’s stock worth $946,000 after acquiring an additional 167 shares during the period. Mackenzie Financial Corp lifted its holdings in Coca-Cola by 7.
6% in the second quarter. Mackenzie Financial Corp now owns 3,851,055 shares of the company’s stock worth $245,120,000 after purchasing an additional 272,896 shares during the period. The Manufacturers Life Insurance Company grew its position in Coca-Cola by 1.
0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,393,352 shares of the company’s stock valued at $152,337,000 after buying an additional 22,623 shares in the last quarter. MBB Public Markets I LLC increased its stake in Coca-Cola by 1,716.
8% during the 2nd quarter. MBB Public Markets I LLC now owns 290,784 shares of the company’s stock valued at $18,508,000 after buying an additional 274,779 shares during the period. Finally, Daymark Wealth Partners LLC raised its position in shares of Coca-Cola by 5.
6% during the 2nd quarter. Daymark Wealth Partners LLC now owns 224,335 shares of the company’s stock worth $14,279,000 after buying an additional 11,904 shares in the last quarter. 70.
26% of the stock is owned by institutional investors and hedge funds. Coca-Cola Stock Down 0.1 % Shares of NYSE:KO opened at $71.
37 on Friday. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $73.
53. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.
92 and a current ratio of 1.08. The company has a market cap of $307.
46 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 3.97 and a beta of 0.
60. The firm has a 50 day simple moving average of $69.69 and a 200 day simple moving average of $64.
64. Coca-Cola Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.
485 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.
94 dividend on an annualized basis and a dividend yield of 2.72%. Coca-Cola’s dividend payout ratio is 77.
60%. Wall Street Analyst Weigh In A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Coca-Cola from $64.
00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Barclays boosted their price objective on Coca-Cola from $69.
00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Truist Financial raised their target price on Coca-Cola from $65.
00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Royal Bank of Canada lifted their target price on Coca-Cola from $65.
00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Citigroup upped their price target on shares of Coca-Cola from $72.
00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company.
According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.07. View Our Latest Stock Analysis on KO Insider Transactions at Coca-Cola In related news, EVP Nancy Quan sold 19,304 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th.
The shares were sold at an average price of $64.96, for a total transaction of $1,253,987.84.
Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $14,507,516.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website .
In related news, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $64.96, for a total transaction of $1,253,987.
84. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $14,507,516.80.
The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website . Also, EVP Lisa Chang sold 58,122 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $68.
51, for a total value of $3,981,938.22. Following the completion of the transaction, the executive vice president now directly owns 74,067 shares in the company, valued at $5,074,330.
17. The disclosure for this sale can be found here . Insiders sold 974,715 shares of company stock valued at $579,704,927 over the last three months.
0.97% of the stock is owned by corporate insiders. Coca-Cola Profile ( Free Report ) 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. Further Reading Five stocks we like better than Coca-Cola Utilities Stocks Explained – How and Why to Invest in Utilities REITs on the Rise After Rate Cuts: Where to Invest Now ETF Screener: Uses and Step-by-Step Guide Is Viking Therapeutics Ready For Another Surge? How to buy stock: A step-by-step guide for beginners AI Boom and Rate Cuts Boost Utility Stocks: Best Growth Picks Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.
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