22,000 Shares in The Coca-Cola Company (NYSE:KO) Purchased by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in The Coca-Cola Company (NYSE:KO) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 22,000 shares of the company’s stock, valued at approximately $1,581,000.

Several other hedge funds have also recently modified their holdings of KO. Park Avenue Securities LLC raised its position in Coca-Cola by 2.6% in the first quarter. Park Avenue Securities LLC now owns 80,125 shares of the company’s stock worth $4,902,000 after acquiring an additional 2,005 shares during the period. BTC Capital Management Inc. bought a new stake in shares of Coca-Cola in the 1st quarter worth approximately $269,000. RFG Advisory LLC lifted its stake in Coca-Cola by 1.9% in the first quarter. RFG Advisory LLC now owns 70,872 shares of the company’s stock valued at $4,336,000 after purchasing an additional 1,329 shares during the last quarter. First Affirmative Financial Network grew its holdings in Coca-Cola by 6.1% during the first quarter. First Affirmative Financial Network now owns 4,801 shares of the company’s stock valued at $294,000 after purchasing an additional 275 shares during the period. Finally, Optimum Investment Advisors increased its position in Coca-Cola by 14.1% in the first quarter. Optimum Investment Advisors now owns 1,469 shares of the company’s stock worth $90,000 after buying an additional 181 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In other news, EVP Nancy Quan sold 18,482 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $68.95, for a total value of $1,274,333.90. Following the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,398,603.50. This trade represents a 0.00 % 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 hyperlink. In other Coca-Cola news, EVP Nancy Quan sold 18,482 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $68.95, for a total transaction of $1,274,333.90. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $15,398,603.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Quincey sold 102,533 shares of the business’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 transaction, the chief executive officer now owns 442,546 shares in the company, valued at $30,987,070.92. This 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. 0.97% of the stock is currently owned by insiders.

Coca-Cola Price Performance

Coca-Cola stock traded up $0.54 during mid-day trading on Friday, hitting $70.44. 15,087,519 shares of the company traded hands, compared to its average volume of 13,165,565. The stock has a fifty day moving average price of $70.70 and a 200-day moving average price of $65.72. The stock has a market cap of $303.45 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 3.92 and a beta of 0.60. The Coca-Cola Company has a one year low of $53.86 and a one year high of $73.53. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. Coca-Cola’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.78 EPS. On average, equities analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 dividend on an annualized basis and a yield of 2.75%. Coca-Cola’s dividend payout ratio (DPR) is currently 77.60%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BNP Paribas assumed coverage on Coca-Cola in a research report on Monday, June 24th. They set an “outperform” rating and a $72.00 price target on the stock. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Cfra reiterated a “hold” rating on shares of Coca-Cola in a research note on Thursday, September 5th. Truist Financial upped their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TD Cowen lifted their price objective on shares of Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

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.