Border to Coast Pensions Partnership Ltd Has $56.46 Million Holdings in The Coca-Cola Company (NYSE:KO)

Border to Coast Pensions Partnership Ltd grew its position in The Coca-Cola Company (NYSE:KO - Free Report) by 4.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 788,000 shares of the company's stock after buying an additional 33,616 shares during the period. Coca-Cola accounts for approximately 1.2% of Border to Coast Pensions Partnership Ltd's investment portfolio, making the stock its 22nd largest holding. Border to Coast Pensions Partnership Ltd's holdings in Coca-Cola were worth $56,460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Millennium Group LLC acquired a new position in shares of Coca-Cola in the 2nd quarter valued at $26,000. Quarry LP acquired a new position in Coca-Cola in the second quarter valued at about $27,000. Redmont Wealth Advisors LLC acquired a new position in shares of Coca-Cola during the 1st quarter worth about $28,000. ESL Trust Services LLC bought a new stake in shares of Coca-Cola in the 1st quarter valued at about $28,000. Finally, DiNuzzo Private Wealth Inc. increased its stake in shares of Coca-Cola by 65.0% in the 1st quarter. DiNuzzo Private Wealth Inc. now owns 523 shares of the company's stock valued at $32,000 after acquiring an additional 206 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KO. Cfra restated a "hold" rating on shares of Coca-Cola in a report on Thursday, September 5th. Truist Financial raised their price objective on Coca-Cola from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on Coca-Cola from $68.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, July 10th. Wells Fargo & Company raised their price target on Coca-Cola from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Finally, Citigroup boosted their price objective on Coca-Cola from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $72.00.

Insider Buying and Selling

In other news, EVP Nancy Quan sold 18,484 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company's stock, valued at $15,968,095. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Nancy Quan sold 18,484 shares of the firm's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James Quincey sold 102,533 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the completion of the transaction, the chief executive officer now owns 442,546 shares in the company, valued at approximately $30,987,070.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 356,792 shares of company stock worth $24,728,364. Company insiders own 0.97% of the company's stock.

Coca-Cola Stock Down 1.4 %

KO stock traded down $0.99 during mid-day trading on Monday, reaching $69.45. The company had a trading volume of 11,645,952 shares, compared to its average volume of 13,158,889. The Coca-Cola Company has a 52 week low of $54.04 and a 52 week high of $73.53. The company has a market capitalization of $299.19 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 3.92 and a beta of 0.60. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92. The stock has a 50 day simple moving average of $70.70 and a two-hundred day simple moving average of $65.80.

Coca-Cola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The business had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. During the same period in the previous year, the company earned $0.78 earnings per share. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 2.79%. Coca-Cola's dividend payout ratio (DPR) is currently 77.60%.

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.