Gulf International Bank UK Ltd Has $19.93 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Gulf International Bank UK Ltd decreased its position in shares of The Coca-Cola Company (NYSE:KO) by 1.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 320,149 shares of the company’s stock after selling 3,342 shares during the quarter. Coca-Cola makes up approximately 0.5% of Gulf International Bank UK Ltd’s portfolio, making the stock its 27th largest position. Gulf International Bank UK Ltd’s holdings in Coca-Cola were worth $19,932,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KO. Mn Services Vermogensbeheer B.V. boosted its stake in Coca-Cola by 2.1% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 1,622,368 shares of the company’s stock valued at $101,009,000 after buying an additional 33,800 shares in the last quarter. New York Life Investment Management LLC increased its holdings in Coca-Cola by 0.5% in the fourth quarter. New York Life Investment Management LLC now owns 520,945 shares of the company’s stock worth $32,434,000 after purchasing an additional 2,787 shares in the last quarter. Apriem Advisors increased its holdings in Coca-Cola by 12.0% in the fourth quarter. Apriem Advisors now owns 3,248 shares of the company’s stock worth $202,000 after purchasing an additional 348 shares in the last quarter. Stegent Equity Advisors Inc. increased its holdings in shares of Coca-Cola by 33.8% during the fourth quarter. Stegent Equity Advisors Inc. now owns 5,450 shares of the company’s stock valued at $339,000 after acquiring an additional 1,378 shares in the last quarter. Finally, GenTrust LLC increased its holdings in shares of Coca-Cola by 5.5% during the fourth quarter. GenTrust LLC now owns 3,811 shares of the company’s stock valued at $237,000 after acquiring an additional 197 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In related news, insider Bruno Pietracci sold 19,058 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $70.56, for a total transaction of $1,344,732.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

NYSE:KO opened at $70.80 on Thursday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The firm has a market cap of $304.53 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 3.79 and a beta of 0.61. The business’s fifty day moving average is $64.19 and its 200 day moving average is $66.47.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Research analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.88%. Coca-Cola’s dividend payout ratio is 82.59%.

Analysts Set New Price Targets

Several research firms have weighed in on KO. UBS Group boosted their price objective on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Evercore ISI boosted their price objective on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 price objective on shares of Coca-Cola in a research report on Thursday, February 6th. Piper Sandler cut their price objective on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Barclays upped their price target on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $73.82.

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.