Toronto Dominion Bank Has $68.55 Million Holdings in The Coca-Cola Co (KO)

Toronto Dominion Bank raised its stake in shares of The Coca-Cola Co (NYSE:KO) by 12.0% during the third quarter, Holdings Channel reports. The institutional investor owned 1,523,034 shares of the company’s stock after buying an additional 162,646 shares during the period. Toronto Dominion Bank’s holdings in The Coca-Cola were worth $68,549,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. CI Investments Inc. lifted its stake in shares of The Coca-Cola by 0.3% during the 3rd quarter. CI Investments Inc. now owns 1,693,000 shares of the company’s stock worth $76,202,000 after purchasing an additional 4,500 shares during the period. New York State Common Retirement Fund lifted its stake in shares of The Coca-Cola by 0.7% during the 3rd quarter. New York State Common Retirement Fund now owns 10,804,005 shares of the company’s stock worth $486,288,000 after purchasing an additional 80,017 shares during the period. Private Wealth Partners LLC purchased a new position in shares of The Coca-Cola during the 3rd quarter worth $1,328,000. Jarislowsky Fraser Ltd lifted its stake in shares of The Coca-Cola by 4.7% during the 3rd quarter. Jarislowsky Fraser Ltd now owns 264,443 shares of the company’s stock worth $11,902,000 after purchasing an additional 11,882 shares during the period. Finally, Retirement Systems of Alabama lifted its stake in shares of The Coca-Cola by 40.4% during the 3rd quarter. Retirement Systems of Alabama now owns 2,617,197 shares of the company’s stock worth $117,800,000 after purchasing an additional 752,782 shares during the period. Hedge funds and other institutional investors own 65.30% of the company’s stock.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the sale, the insider now directly owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.51% of the stock is currently owned by corporate insiders.

A number of brokerages have weighed in on KO. Stifel Nicolaus reissued a “hold” rating and set a $49.00 price target on shares of The Coca-Cola in a research note on Friday, December 22nd. Goldman Sachs Group set a $49.00 price target on The Coca-Cola and gave the stock a “sell” rating in a research note on Wednesday, January 10th. Jefferies Group reissued a “hold” rating and set a $47.00 price target on shares of The Coca-Cola in a research note on Wednesday, October 25th. Morgan Stanley set a $48.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Finally, Susquehanna Bancshares set a $41.00 price target on The Coca-Cola and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $49.01.

The Coca-Cola Co (NYSE:KO) opened at $46.15 on Tuesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The firm has a market capitalization of $196,629.78, a price-to-earnings ratio of 43.95, a P/E/G ratio of 3.70 and a beta of 0.70. The Coca-Cola Co has a 52-week low of $40.22 and a 52-week high of $47.48.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The firm had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. analysts predict that The Coca-Cola Co will post 1.91 earnings per share for the current fiscal year.

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The Coca-Cola Company Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Co (NYSE:KO).

Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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