Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in The Coca-Cola Co (NYSE:KO) by 1.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 950,917 shares of the company’s stock after purchasing an additional 11,144 shares during the quarter. The Coca-Cola accounts for 0.8% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s investment portfolio, making the stock its 24th biggest holding. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in The Coca-Cola were worth $42,801,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its stake in The Coca-Cola by 1.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,464,186 shares of the company’s stock valued at $114,656,000 after buying an additional 41,237 shares during the last quarter. Veritas Investment Management LLP purchased a new stake in The Coca-Cola in the 3rd quarter valued at about $135,000. Sigma Planning Corp increased its stake in The Coca-Cola by 10.5% in the 3rd quarter. Sigma Planning Corp now owns 69,841 shares of the company’s stock valued at $3,144,000 after buying an additional 6,619 shares during the last quarter. Vontobel Swiss Wealth Advisors AG purchased a new stake in The Coca-Cola in the 3rd quarter valued at about $216,000. Finally, Teacher Retirement System of Texas increased its stake in The Coca-Cola by 23.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 1,977,703 shares of the company’s stock valued at $89,016,000 after buying an additional 371,264 shares during the last quarter. 65.30% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of The Coca-Cola stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares in the company, valued at approximately $14,749,399.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.51% of the stock is currently owned by insiders.

Several research firms have commented on KO. Evercore ISI upgraded shares of The Coca-Cola from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $46.04 to $55.00 in a research note on Friday, January 12th. Goldman Sachs Group set a $49.00 price objective on shares of The Coca-Cola and gave the company a “sell” rating in a research note on Wednesday, January 10th. Vetr lowered shares of The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.54 price objective for the company. in a research note on Monday, January 8th. Jefferies Group set a $50.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, January 4th. Finally, Royal Bank of Canada set a $56.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.01.

The Coca-Cola Co (KO) opened at $46.82 on Thursday. The Coca-Cola Co has a one year low of $40.22 and a one year high of $47.48. The firm has a market cap of $198,248.83, a P/E ratio of 44.59, a P/E/G ratio of 3.73 and a beta of 0.70. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The business had revenue of $9.08 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same period in the previous year, the business earned $0.49 EPS. The Coca-Cola’s revenue was down 14.6% compared to the same quarter last year. equities analysts predict that The Coca-Cola Co will post 1.91 earnings per share for the current fiscal year.

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The Coca-Cola 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 The Coca-Cola (NYSE:KO)

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