Schroder Investment Management Group Has $523.74 Million Stake in The Coca-Cola Company (NYSE:KO)

Schroder Investment Management Group lowered its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 19.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,412,111 shares of the company's stock after selling 2,092,922 shares during the quarter. Schroder Investment Management Group owned approximately 0.20% of Coca-Cola worth $523,738,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its stake in Coca-Cola by 0.5% in the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company's stock valued at $28,716,000 after acquiring an additional 2,069 shares during the last quarter. Icon Wealth Advisors LLC grew its stake in shares of Coca-Cola by 4.7% during the third quarter. Icon Wealth Advisors LLC now owns 16,887 shares of the company's stock worth $1,213,000 after purchasing an additional 764 shares during the period. Fred Alger Management LLC increased its holdings in Coca-Cola by 2.9% in the third quarter. Fred Alger Management LLC now owns 105,013 shares of the company's stock valued at $7,546,000 after purchasing an additional 2,935 shares during the last quarter. Circle Wealth Management LLC raised its position in shares of Coca-Cola by 5.8% in the 3rd quarter. Circle Wealth Management LLC now owns 6,137 shares of the company's stock valued at $441,000 after acquiring an additional 337 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Coca-Cola by 37.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,088,135 shares of the company's stock valued at $221,913,000 after buying an additional 846,702 shares during the period. Institutional investors own 70.26% of the company's stock.

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Insider Activity

In other news, CEO James Quincey sold 145,435 shares of Coca-Cola stock in a transaction 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 owns 342,546 shares in the company, valued at approximately $24,324,191.46. This trade represents a 29.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nikolaos Koumettis sold 54,708 shares of the company's stock in a transaction 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 owns 246,909 shares of the company's stock, valued at approximately $17,520,662.64. This represents a 18.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 313,423 shares of company stock worth $22,263,071. Corporate insiders own 0.97% of the company's stock.

Coca-Cola Stock Performance

KO stock traded up $1.32 during mid-day trading on Monday, hitting $71.69. 24,012,229 shares of the company were exchanged, compared to its average volume of 14,925,509. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The business has a 50 day simple moving average of $67.77 and a 200-day simple moving average of $66.38. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $308.50 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 3.79 and a beta of 0.57.

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

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.85%. Coca-Cola's dividend payout ratio (DPR) is currently 82.59%.

Wall Street Analysts Forecast Growth

Several analysts have commented on KO shares. JPMorgan Chase & Co. dropped their target price on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. DZ Bank raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research note on Thursday, February 13th. UBS Group lifted their price target on Coca-Cola from $72.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a "hold" rating to a "buy" rating and upped their price objective for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 price target on shares of Coca-Cola in a research report on Thursday, February 6th. Two investment 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. Based on data from MarketBeat.com, Coca-Cola presently has an average rating of "Moderate Buy" and a consensus target price of $74.24.

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.