WINTON GROUP Ltd Trims Holdings in The Coca-Cola Co (KO)
WINTON GROUP Ltd decreased its position in shares of The Coca-Cola Co (NYSE:KO) by 75.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,776 shares of the company’s stock after selling 693,723 shares during the quarter. WINTON GROUP Ltd’s holdings in The Coca-Cola were worth $9,859,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of KO. BlackRock Inc. raised its holdings in shares of The Coca-Cola by 1.9% during the 1st quarter. BlackRock Inc. now owns 246,505,322 shares of the company’s stock worth $10,705,725,000 after acquiring an additional 4,526,566 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of The Coca-Cola by 1.1% during the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 233,378 shares of the company’s stock worth $10,236,000 after acquiring an additional 2,600 shares during the period. HPM Partners LLC raised its holdings in shares of The Coca-Cola by 3.0% during the 2nd quarter. HPM Partners LLC now owns 100,292 shares of the company’s stock worth $4,399,000 after acquiring an additional 2,931 shares during the period. Baldwin Investment Management LLC purchased a new position in shares of The Coca-Cola during the 2nd quarter worth $272,000. Finally, Signaturefd LLC raised its holdings in shares of The Coca-Cola by 27.2% during the 2nd quarter. Signaturefd LLC now owns 660,147 shares of the company’s stock worth $28,954,000 after acquiring an additional 140,972 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.
NYSE KO opened at $44.68 on Friday. The stock has a market capitalization of $197.04 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.85 and a beta of 0.74. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.15 and a quick ratio of 1.06. The Coca-Cola Co has a 1-year low of $41.45 and a 1-year high of $48.62.
The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 14th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.49%. The ex-dividend date was Thursday, September 13th. The Coca-Cola’s dividend payout ratio is currently 81.68%.
KO has been the topic of several analyst reports. Barclays reiterated a “buy” rating and set a $50.00 price target on shares of The Coca-Cola in a report on Friday, October 5th. Zacks Investment Research lowered The Coca-Cola from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. JPMorgan Chase & Co. reiterated a “$45.12” rating and set a $49.00 price target on shares of The Coca-Cola in a report on Wednesday, July 18th. Jefferies Financial Group set a $48.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, September 6th. Finally, Morgan Stanley set a $49.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research report on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. The Coca-Cola presently has a consensus rating of “Hold” and a consensus target price of $50.64.
In other news, VP Kathy N. Waller sold 48,354 shares of The Coca-Cola stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total value of $2,246,043.30. Following the completion of the transaction, the vice president now owns 200,725 shares in the company, valued at approximately $9,323,676.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Murphy sold 56,000 shares of The Coca-Cola stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $46.48, for a total value of $2,602,880.00. Following the completion of the transaction, the insider now owns 140,869 shares of the company’s stock, valued at approximately $6,547,591.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 215,822 shares of company stock valued at $10,027,727. 1.48% of the stock is currently owned by corporate insiders.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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