Mitsubishi UFJ Trust & Banking Corp Has $149.21 Million Stake in The Coca-Cola Company (NYSE:KO)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,396,628 shares of the company's stock after selling 37,953 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Coca-Cola worth $149,214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rice Partnership LLC grew its stake in shares of Coca-Cola by 7.1% in the fourth quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock worth $6,397,000 after acquiring an additional 6,793 shares during the last quarter. Fiduciary Alliance LLC grew its position in Coca-Cola by 87.7% in the 4th quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock worth $1,132,000 after purchasing an additional 8,499 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Coca-Cola by 14.5% during the 3rd quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock worth $2,271,885,000 after purchasing an additional 4,013,996 shares during the period. Clark & Stuart Inc acquired a new position in shares of Coca-Cola during the fourth quarter valued at about $1,582,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Coca-Cola by 222.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 192,237 shares of the company's stock valued at $13,814,000 after buying an additional 132,701 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

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Coca-Cola Price Performance

KO traded up $0.61 during midday trading on Thursday, hitting $70.63. The company had a trading volume of 5,653,751 shares, compared to its average volume of 14,034,954. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The firm's 50-day simple moving average is $67.45 and its 200-day simple moving average is $66.43. The company has a market capitalization of $303.96 billion, a PE ratio of 28.60, a P/E/G ratio of 3.79 and a beta of 0.57. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating 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%. Equities research analysts predict that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date is Friday, March 14th. 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 2.89%. Coca-Cola's dividend payout ratio (DPR) is 82.59%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KO. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and boosted their price target for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. UBS Group boosted their price objective on Coca-Cola from $72.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research report on Thursday, February 13th. Barclays boosted their price target on shares of Coca-Cola from $66.00 to $73.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Finally, Evercore ISI raised their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Coca-Cola presently has a consensus rating of "Moderate Buy" and an average price target of $74.24.

Insider Activity

In other Coca-Cola news, COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total value of $1,806,547.19. Following the transaction, the chief operating officer now owns 52,466 shares of the company's stock, valued at approximately $3,749,745.02. The trade was a 32.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $70.56, for a total transaction of $1,344,732.48. 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 quarter. Company insiders own 0.97% of the company's stock.

Coca-Cola 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.