Osaic Holdings Inc. Acquires 760,627 Shares of The Coca-Cola Company (NYSE:KO)

Osaic Holdings Inc. increased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 43.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,504,339 shares of the company’s stock after buying an additional 760,627 shares during the quarter. Osaic Holdings Inc. owned 0.06% of Coca-Cola worth $105,073,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KO. Fairfield Bush & CO. bought a new stake in shares of Coca-Cola during the first quarter worth about $77,000. Merit Financial Group LLC grew its holdings in Coca-Cola by 16.7% during the 1st quarter. Merit Financial Group LLC now owns 12,227 shares of the company’s stock worth $758,000 after acquiring an additional 1,754 shares during the last quarter. NewEdge Advisors LLC increased its position in Coca-Cola by 41.4% in the 1st quarter. NewEdge Advisors LLC now owns 149,275 shares of the company’s stock valued at $9,255,000 after acquiring an additional 43,680 shares during the period. Ergoteles LLC raised its stake in shares of Coca-Cola by 385.3% during the first quarter. Ergoteles LLC now owns 19,032 shares of the company’s stock valued at $1,180,000 after acquiring an additional 15,110 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Coca-Cola by 11.9% during the first quarter. Mackenzie Financial Corp now owns 2,840,557 shares of the company’s stock worth $176,115,000 after purchasing an additional 301,804 shares during the period. 68.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola

In other news, SVP Henrique Braun sold 52,696 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $56.97, for a total value of $3,002,091.12. Following the completion of the sale, the senior vice president now directly owns 26,272 shares of the company’s stock, valued at $1,496,715.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Coca-Cola news, CEO James Quincey sold 92,028 shares of Coca-Cola stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $57.15, for a total transaction of $5,259,400.20. Following the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $25,291,503.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Henrique Braun sold 52,696 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $56.97, for a total value of $3,002,091.12. Following the completion of the transaction, the senior vice president now directly owns 26,272 shares of the company’s stock, valued at $1,496,715.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 349,316 shares of company stock worth $19,716,506. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the topic of several recent research reports. Barclays cut their target price on Coca-Cola from $70.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, October 12th. Royal Bank of Canada upped their target price on Coca-Cola from $69.00 to $70.00 in a report on Thursday, July 27th. StockNews.com lowered shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Bank of America reduced their price objective on shares of Coca-Cola from $74.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Finally, Citigroup lowered their target price on shares of Coca-Cola from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, October 11th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.

Coca-Cola Stock Up 0.2 %

KO stock opened at $57.40 on Tuesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.97 and a current ratio of 1.14. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.99. The stock’s 50 day simple moving average is $55.99 and its 200 day simple moving average is $59.26. The company has a market cap of $248.16 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Coca-Cola had a net margin of 23.92% and a return on equity of 42.44%. The business had revenue of $11.95 billion during the quarter, compared to analyst estimates of $11.45 billion. On average, research analysts expect that The Coca-Cola Company will post 2.68 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 Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.84 annualized dividend and a yield of 3.21%. Coca-Cola’s payout ratio is 73.90%.

Coca-Cola Company 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.