The Coca-Cola Co (KO) is Yacktman Asset Management LP’s 6th Largest Position
Yacktman Asset Management LP decreased its holdings in The Coca-Cola Co (NYSE:KO) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,229,548 shares of the company’s stock after selling 102,884 shares during the period. The Coca-Cola accounts for about 7.1% of Yacktman Asset Management LP’s holdings, making the stock its 6th biggest position. Yacktman Asset Management LP’s holdings in The Coca-Cola were worth $730,492,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC grew its stake in The Coca-Cola by 1,117.2% during the second quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after acquiring an additional 12,243,387 shares in the last quarter. Capital World Investors grew its stake in The Coca-Cola by 8.9% during the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after acquiring an additional 11,593,679 shares in the last quarter. Troy Asset Management Ltd purchased a new position in The Coca-Cola during the third quarter valued at approximately $260,266,000. Vanguard Group Inc. grew its stake in The Coca-Cola by 1.8% during the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after acquiring an additional 4,818,963 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in The Coca-Cola by 69.6% during the third quarter. Canada Pension Plan Investment Board now owns 9,016,828 shares of the company’s stock valued at $405,847,000 after acquiring an additional 3,700,700 shares in the last quarter. Hedge funds and other institutional investors own 65.30% of the company’s stock.
Several equities analysts recently commented on KO shares. Wells Fargo & Co raised shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $46.72 to $51.00 in a research note on Tuesday, November 14th. Deutsche Bank initiated coverage on shares of The Coca-Cola in a research note on Wednesday, December 13th. They set a “buy” rating and a $52.00 price objective for the company. Vetr raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price target for the company in a research note on Monday, December 11th. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Friday, October 27th. Finally, Royal Bank of Canada set a $49.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Sunday, November 12th. 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. The company currently has a consensus rating of “Hold” and an average target price of $49.01.
Shares of The Coca-Cola Co (NYSE KO) opened at $46.15 on Friday. The firm has a market cap of $196,630.00, a P/E ratio of 43.95, a PEG ratio of 3.75 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 Co has a 1-year low of $40.22 and a 1-year high of $47.48.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $9.08 billion during the quarter, compared to analyst estimates of $8.73 billion. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The business’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. research analysts predict that The Coca-Cola Co will post 1.91 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.37 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.21%. The Coca-Cola’s payout ratio is 140.95%.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s 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 sale, the insider now directly owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.51% of the company’s stock.
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The Coca-Cola Company 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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