Daiwa Securities Group Inc. Has $41.11 Million Holdings in The Coca-Cola Company (NYSE:KO)

Daiwa Securities Group Inc. lowered its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 660,303 shares of the company's stock after selling 43,200 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Coca-Cola were worth $41,110,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KO. Charles Schwab Investment Management Inc. increased its holdings in shares of Coca-Cola by 18.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock valued at $4,617,400,000 after purchasing an additional 11,569,920 shares in the last quarter. FMR LLC boosted its position in Coca-Cola by 13.7% in the 3rd quarter. FMR LLC now owns 92,961,376 shares of the company's stock valued at $6,680,205,000 after buying an additional 11,206,995 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Coca-Cola in the 4th quarter valued at $500,192,000. Wellington Management Group LLP raised its position in shares of Coca-Cola by 14.5% during the third quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock worth $2,271,885,000 after acquiring an additional 4,013,996 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Coca-Cola during the third quarter valued at $269,382,000. 70.26% of the stock is owned by institutional investors.

Coca-Cola Stock Down 1.5 %

Shares of NYSE KO traded down $1.07 during mid-day trading on Wednesday, reaching $69.97. 6,053,326 shares of the company's stock were exchanged, compared to its average volume of 14,000,560. 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 business has a fifty day simple moving average of $65.72 and a 200 day simple moving average of $66.58. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The firm has a market capitalization of $300.96 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 3.79 and a beta of 0.57.

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Coca-Cola (NYSE:KO - Get Free Report) last announced its earnings results 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 net margin of 22.59% and a return on equity of 45.37%. As a group, equities analysts expect that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.92%. 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 payout ratio is 82.59%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group lifted their price objective on Coca-Cola from $72.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Piper Sandler lifted their price target on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and increased their price objective for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Morgan Stanley raised their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and upped their target price for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $74.24.

Insider Transactions at Coca-Cola

In related news, EVP Lisa Chang sold 13,445 shares of the firm's 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 completion of the transaction, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nikolaos Koumettis sold 54,708 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the sale, the insider now directly owns 246,909 shares in the company, valued at $17,520,662.64. This trade represents a 18.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 288,146 shares of company stock valued at $20,456,524 over the last three months. Company insiders own 0.97% of the company's stock.

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.