Livforsakringsbolaget Skandia Omsesidigt Buys 41,630 Shares of The Coca-Cola Company (NYSE:KO)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 49.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 126,017 shares of the company’s stock after purchasing an additional 41,630 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Coca-Cola were worth $9,054,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KO. LongView Wealth Management increased its position in shares of Coca-Cola by 0.7% during the 3rd quarter. LongView Wealth Management now owns 43,373 shares of the company’s stock worth $3,117,000 after purchasing an additional 312 shares in the last quarter. Juncture Wealth Strategies LLC acquired a new position in Coca-Cola in the third quarter valued at about $320,000. Walker Financial Services Inc. grew its stake in Coca-Cola by 5.6% during the third quarter. Walker Financial Services Inc. now owns 28,181 shares of the company’s stock worth $2,025,000 after buying an additional 1,500 shares during the last quarter. Ferguson Shapiro LLC increased its holdings in shares of Coca-Cola by 26.2% during the third quarter. Ferguson Shapiro LLC now owns 12,191 shares of the company’s stock worth $876,000 after buying an additional 2,533 shares in the last quarter. Finally, Castle Rock Wealth Management LLC raised its stake in shares of Coca-Cola by 0.4% in the third quarter. Castle Rock Wealth Management LLC now owns 245,679 shares of the company’s stock valued at $17,061,000 after acquiring an additional 1,005 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Coca-Cola Stock Performance

KO stock opened at $69.57 on Friday. The Coca-Cola Company has a twelve month low of $52.43 and a twelve month high of $73.53. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39. The company has a market cap of $299.70 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 3.92 and a beta of 0.60. The business’s fifty day moving average is $70.51 and its 200-day moving average is $65.39.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. The firm had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Equities research analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Friday, September 13th. Coca-Cola’s dividend payout ratio is currently 77.60%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Cfra restated a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. BNP Paribas assumed coverage on Coca-Cola in a research note on Monday, June 24th. They issued an “outperform” rating and a $72.00 target price for the company. Wells Fargo & Company lifted their price target on Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Barclays increased their price objective on shares of Coca-Cola from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average target price of $71.33.

Insider Buying and Selling at Coca-Cola

In related news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $64.96, for a total transaction of $1,253,987.84. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $14,507,516.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Lisa Chang sold 58,122 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $68.51, for a total value of $3,981,938.22. Following the sale, the executive vice president now directly owns 74,067 shares of the company’s stock, valued at approximately $5,074,330.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 19,304 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $64.96, for a total transaction of $1,253,987.84. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $14,507,516.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 376,096 shares of company stock valued at $25,982,352. Corporate 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.