GAM Holding AG Has $4.56 Million Stock Position in The Coca-Cola Company (NYSE:KO)

by · The Markets Daily

GAM Holding AG grew its position in The Coca-Cola Company (NYSE:KO – Free Report) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,497 shares of the company’s stock after purchasing an additional 619 shares during the quarter. GAM Holding AG’s holdings in Coca-Cola were worth $4,563,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. New Millennium Group LLC bought a new position in Coca-Cola during the second quarter worth $26,000. Quarry LP acquired a new position in Coca-Cola during the second quarter worth $27,000. ESL Trust Services LLC acquired a new position in Coca-Cola during the first quarter worth $28,000. Redmont Wealth Advisors LLC acquired a new position in Coca-Cola during the first quarter worth $28,000. Finally, DiNuzzo Private Wealth Inc. raised its holdings in Coca-Cola by 65.0% during the first quarter. DiNuzzo Private Wealth Inc. now owns 523 shares of the company’s stock worth $32,000 after buying an additional 206 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, August 27th. Barclays upped 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, October 11th. Cfra restated a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Citigroup increased their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, TD Cowen increased their target price on shares of Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Five investment 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. Based on data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $72.00.

View Our Latest Stock Analysis on Coca-Cola

Insiders Place Their Bets

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $15,968,095. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Bruno Pietracci sold 38,653 shares of Coca-Cola stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $69.01, for a total value of $2,667,443.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 356,792 shares of company stock valued at $24,728,364. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Stock Performance

Shares of Coca-Cola stock opened at $69.45 on Wednesday. The Coca-Cola Company has a 1 year low of $54.04 and a 1 year high of $73.53. The firm has a market cap of $299.19 billion, a PE ratio of 27.78, a PEG ratio of 3.92 and a beta of 0.60. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92. The company has a 50 day simple moving average of $70.75 and a two-hundred day simple moving average of $65.94.

Coca-Cola (NYSE:KO – Get Free Report) last announced its earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The business had revenue of $12.40 billion during the quarter, compared to analyst estimates of $11.78 billion. During the same period in the previous year, the business posted $0.78 earnings per share. Coca-Cola’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The firm 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 dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Coca-Cola Profile

(Free Report)

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.

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