Securian Asset Management Inc. Has $12.97 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Securian Asset Management Inc. cut its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,373 shares of the company's stock after selling 6,161 shares during the period. Securian Asset Management Inc.'s holdings in Coca-Cola were worth $12,973,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its holdings 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 worth $4,617,400,000 after buying an additional 11,569,920 shares in the last quarter. FMR LLC raised its holdings in shares of Coca-Cola by 13.7% during the 3rd quarter. FMR LLC now owns 92,961,376 shares of the company's stock worth $6,680,205,000 after buying an additional 11,206,995 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Coca-Cola during the 4th quarter worth $500,192,000. Wellington Management Group LLP raised 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 buying an additional 4,013,996 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Coca-Cola during the 3rd quarter worth $269,382,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 145,435 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total transaction of $10,327,339.35. Following the completion of 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 represents a 29.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lisa Chang sold 13,445 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total value of $961,317.50. Following the transaction, the executive vice president now directly owns 94,676 shares of the company's stock, valued at approximately $6,769,334. This trade represents a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 288,146 shares of company stock valued at $20,456,524. Company insiders own 0.97% of the company's stock.

Coca-Cola Stock Down 0.6 %

Shares of NYSE:KO opened at $71.00 on Wednesday. The company has a market capitalization of $305.37 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The business's 50-day moving average is $65.72 and its 200-day moving average is $66.58. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

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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, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Equities research analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.87%. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 14th. Coca-Cola's dividend payout ratio is 82.59%.

Analyst Upgrades and Downgrades

KO has been the subject of a number of research analyst reports. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a report on Thursday, February 13th. Royal Bank of Canada reissued an "outperform" rating and set a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. Piper Sandler boosted their price target on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Barclays boosted their price objective on Coca-Cola from $66.00 to $73.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.24.

About Coca-Cola

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.

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