Handelsbanken Fonder AB Has $109.22 Million Stake in The Coca-Cola Company (NYSE:KO)

Handelsbanken Fonder AB grew its holdings in The Coca-Cola Company (NYSE:KO) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,519,948 shares of the company’s stock after purchasing an additional 44,862 shares during the quarter. Handelsbanken Fonder AB’s holdings in Coca-Cola were worth $109,223,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KO. Swedbank AB acquired a new stake in shares of Coca-Cola in the 1st quarter valued at $102,604,000. Wealth Quarterback LLC increased its position in Coca-Cola by 3.2% in the fourth quarter. Wealth Quarterback LLC now owns 17,454 shares of the company’s stock worth $1,029,000 after purchasing an additional 537 shares during the period. BDF Gestion bought a new stake in Coca-Cola during the 2nd quarter worth about $7,421,000. Duality Advisers LP lifted its position in Coca-Cola by 191.1% during the 1st quarter. Duality Advisers LP now owns 111,851 shares of the company’s stock valued at $6,843,000 after purchasing an additional 73,434 shares during the period. Finally, TD Asset Management Inc boosted its stake in shares of Coca-Cola by 0.7% in the 1st quarter. TD Asset Management Inc now owns 2,935,238 shares of the company’s stock valued at $179,578,000 after purchasing an additional 20,048 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling

In related news, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction dated 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 owns 223,330 shares in the company, valued at approximately $14,507,516.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction on Wednesday, July 17th. The shares were 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 $14,507,516.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruno Pietracci sold 38,653 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $69.01, for a total transaction of $2,667,443.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 376,096 shares of company stock worth $25,982,352. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Down 0.5 %

KO stock traded down $0.35 during trading hours on Friday, reaching $70.17. 12,687,289 shares of the stock were exchanged, compared to its average volume of 13,277,112. The company has a market cap of $302.29 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 3.97 and a beta of 0.60. The firm’s 50-day moving average is $70.35 and its 200-day moving average is $65.12. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $73.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92.

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

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a $0.485 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.94 annualized dividend and a dividend yield of 2.76%. Coca-Cola’s dividend payout ratio is presently 77.60%.

Analyst Ratings Changes

Several brokerages recently weighed in on KO. Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Truist Financial raised their price target on Coca-Cola from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada upped their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Barclays upped their price target on Coca-Cola from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.07.

Coca-Cola 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.