Ilmarinen Mutual Pension Insurance Co Has $44.83 Million Holdings in The Coca-Cola Company (NYSE:KO)

Ilmarinen Mutual Pension Insurance Co lifted its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 720,000 shares of the company's stock after buying an additional 150,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Coca-Cola were worth $44,827,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Coca-Cola by 3.3% during the third quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company's stock worth $6,664,005,000 after purchasing an additional 2,966,964 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Coca-Cola by 18.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock valued at $4,617,400,000 after acquiring an additional 11,569,920 shares during the last quarter. Norges Bank purchased a new position in shares of Coca-Cola during the 4th quarter worth about $3,402,151,000. Franklin Resources Inc. boosted its position in shares of Coca-Cola by 21.9% in the fourth quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock worth $2,123,301,000 after acquiring an additional 6,118,819 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Coca-Cola by 14.5% in the third quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock valued at $2,271,885,000 after purchasing an additional 4,013,996 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Coca-Cola Stock Up 0.0 %

Coca-Cola stock traded up $0.02 during mid-day trading on Wednesday, hitting $68.44. The company's stock had a trading volume of 9,283,428 shares, compared to its average volume of 15,164,617. The company has a market cap of $294.54 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.95. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The firm's 50 day moving average is $69.03 and its 200 day moving average is $66.35.

Coca-Cola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. On average, analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.51 dividend. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a yield of 2.98%. The ex-dividend date was Friday, March 14th. Coca-Cola's dividend payout ratio is presently 82.59%.

Analysts Set New Price Targets

A number of research analysts have weighed in on KO shares. Wells Fargo & Company lifted their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Evercore ISI upped their target price on Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Jefferies Financial Group raised Coca-Cola from a "hold" rating to a "buy" rating and boosted their price target for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Barclays restated an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Finally, TD Cowen upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $74.24.

Insider Transactions at Coca-Cola

In related news, CEO James Quincey sold 145,435 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total value of $10,327,339.35. Following the transaction, the chief executive officer now directly owns 342,546 shares of the company's stock, valued at approximately $24,324,191.46. This trade represents a 29.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nikolaos Koumettis sold 54,708 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total value of $3,882,079.68. Following the sale, the insider now directly owns 246,909 shares of the company's stock, valued at $17,520,662.64. The trade was a 18.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 313,423 shares of company stock valued at $22,263,071 in the last three months. Corporate insiders own 0.97% of the company's stock.

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, 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.