Baillie Gifford & Co. Has $49.34 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Baillie Gifford & Co. lifted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 806,495 shares of the company’s stock after purchasing an additional 47,593 shares during the quarter. Baillie Gifford & Co.’s holdings in Coca-Cola were worth $49,341,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KO. ZRC Wealth Management LLC lifted its holdings in shares of Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares during the period. Tidemark LLC bought a new position in shares of Coca-Cola during the 4th quarter worth about $26,000. Private Wealth Management Group LLC bought a new position in shares of Coca-Cola during the 4th quarter worth about $27,000. Redmont Wealth Advisors LLC bought a new position in shares of Coca-Cola during the 1st quarter worth about $28,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity

In other news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the sale, the insider now directly owns 1,883,546 shares in the company, valued at $1,742,280,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Cola Co Coca sold 598,619 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the transaction, the insider now directly owns 1,883,546 shares in the company, valued at $1,742,280,050. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Nikolaos Koumettis sold 80,891 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the transaction, the insider now owns 218,880 shares in the company, valued at $13,644,979.20. The disclosure for this sale can be found here. Insiders have sold 822,284 shares of company stock worth $567,718,040 over the last ninety days. Insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on KO. Morgan Stanley increased their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. JPMorgan Chase & Co. raised their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Evercore ISI raised their target price on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Argus raised their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Finally, StockNews.com lowered shares of Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.83.

Coca-Cola Stock Up 0.7 %

KO traded up $0.43 during trading on Friday, reaching $63.76. The company had a trading volume of 11,735,460 shares, compared to its average volume of 10,543,850. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.36. The business’s fifty day moving average price is $62.93 and its 200 day moving average price is $60.91. The company has a market cap of $274.68 billion, a P/E ratio of 25.50, a PEG ratio of 3.58 and a beta of 0.59.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The firm had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Equities analysts anticipate that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were issued a $0.485 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.04%. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

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.