Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 236,600 Shares of CocaCola Company (The) $KO

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 23.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,240,506 shares of the company’s stock after purchasing an additional 236,600 shares during the period. CocaCola comprises about 0.8% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s investment portfolio, making the stock its 20th biggest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CocaCola were worth $87,766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after acquiring an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after acquiring an additional 293 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in CocaCola by 21.0% in the 1st quarter. Golden State Wealth Management LLC now owns 4,154 shares of the company’s stock worth $298,000 after acquiring an additional 720 shares during the last quarter. Convergence Financial LLC bought a new stake in CocaCola in the 1st quarter worth $235,000. Finally, Verity Asset Management Inc. grew its holdings in CocaCola by 82.7% in the 1st quarter. Verity Asset Management Inc. now owns 15,728 shares of the company’s stock worth $1,126,000 after acquiring an additional 7,119 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other CocaCola news, Director Max R. Levchin purchased 7,206 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was bought at an average cost of $69.87 per share, with a total value of $503,483.22. Following the transaction, the director directly owned 14,267 shares in the company, valued at approximately $996,835.29. The trade was a 102.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider directly owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on KO. JPMorgan Chase & Co. raised their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. UBS Group cut their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Wells Fargo & Company lifted their target price on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Cowen reiterated a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $78.31.

CocaCola Trading Up 0.5%

KO opened at $70.07 on Tuesday. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The stock has a market cap of $301.43 billion, a PE ratio of 23.20, a PEG ratio of 3.64 and a beta of 0.43. The business has a 50 day moving average of $67.83 and a 200-day moving average of $69.74. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The company had revenue of $11.40 billion during the quarter. Equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is 67.55%.

About CocaCola

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.