The Coca-Cola Company (KO) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its stake in The Coca-Cola Company (NYSE:KO) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,768,795 shares of the company’s stock after purchasing an additional 105,601 shares during the period. The Coca-Cola makes up 0.6% of Rhumbline Advisers’ holdings, making the stock its 25th largest position. Rhumbline Advisers owned approximately 0.16% of The Coca-Cola worth $310,552,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in The Coca-Cola by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after buying an additional 4,818,963 shares in the last quarter. BlackRock Inc. lifted its position in The Coca-Cola by 0.3% during the 2nd quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after buying an additional 750,257 shares in the last quarter. Capital World Investors lifted its position in The Coca-Cola by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after buying an additional 11,593,679 shares in the last quarter. Northern Trust Corp lifted its position in The Coca-Cola by 4.5% during the 2nd quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock worth $2,276,647,000 after buying an additional 2,167,225 shares in the last quarter. Finally, Capital International Investors lifted its position in The Coca-Cola by 1.0% during the 2nd quarter. Capital International Investors now owns 37,897,916 shares of the company’s stock worth $1,699,722,000 after buying an additional 383,733 shares in the last quarter. 66.15% of the stock is owned by hedge funds and other institutional investors.

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In other The Coca-Cola news, insider Jennifer K. Mann sold 1,883 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $45.00, for a total value of $84,735.00. Following the transaction, the insider now directly owns 98,995 shares of the company’s stock, valued at approximately $4,454,775. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kathy N. Waller sold 23,240 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the completion of the transaction, the chief financial officer now directly owns 123,796 shares in the company, valued at $5,713,185.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,523 shares of company stock worth $5,885,511. Insiders own 1.48% of the company’s stock.

KO has been the topic of several analyst reports. Vetr raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price target on the stock in a research report on Monday, December 11th. Deutsche Bank initiated coverage on shares of The Coca-Cola in a research report on Wednesday, December 13th. They set a “buy” rating and a $52.00 price target on the stock. JPMorgan Chase set a $48.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, December 15th. Susquehanna Bancshares set a $45.00 price target on shares of The Coca-Cola and gave the stock a “hold” rating in a research report on Wednesday, December 20th. 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 report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $49.21.

The Coca-Cola stock opened at $43.92 on Friday. The stock has a market capitalization of $188,723.67, a price-to-earnings ratio of 22.99, a P/E/G ratio of 2.56 and a beta of 0.72. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The Coca-Cola Company has a twelve month low of $42.19 and a twelve month high of $48.62.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Friday, February 16th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The firm had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The business’s revenue was down 20.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. equities analysts forecast that The Coca-Cola Company will post 2.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were issued a $0.39 dividend. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.55%. The ex-dividend date was Wednesday, March 14th. The Coca-Cola’s dividend payout ratio is currently 81.68%.

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About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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