Ameriprise Financial Inc. Has $370.69 Million Stake in The Coca-Cola Co (KO)

Ameriprise Financial Inc. increased its stake in shares of The Coca-Cola Co (NYSE:KO) by 57.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,233,261 shares of the company’s stock after buying an additional 3,014,356 shares during the period. Ameriprise Financial Inc.’s holdings in The Coca-Cola were worth $370,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in The Coca-Cola by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after purchasing an additional 4,818,963 shares during the period. BlackRock Inc. lifted its position in The Coca-Cola by 0.3% during the 2nd quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock valued at $10,839,247,000 after purchasing an additional 750,257 shares during the period. Capital World Investors lifted its position in The Coca-Cola by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after purchasing an additional 11,593,679 shares during the period. Northern Trust Corp lifted its position in The Coca-Cola by 4.5% during the 2nd quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock valued at $2,276,647,000 after purchasing an additional 2,167,225 shares during the period. Finally, Capital International Investors lifted its position in The Coca-Cola by 1.0% during the 2nd quarter. Capital International Investors now owns 37,897,916 shares of the company’s stock valued at $1,699,722,000 after purchasing an additional 383,733 shares during the period. Institutional investors and hedge funds own 65.30% of the company’s stock.

KO has been the topic of a number of research reports. upped their target price on shares of The Coca-Cola from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, September 27th. Cowen restated a “hold” rating and set a $42.00 target price on shares of The Coca-Cola in a research report on Thursday, September 28th. Bank of America restated a “buy” rating and set a $52.00 target price (up from $50.00) on shares of The Coca-Cola in a research report on Monday, October 9th. Vetr downgraded shares of The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $45.35 target price on the stock. in a research report on Monday, October 9th. Finally, Jefferies Group set a $47.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $49.01.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathy N. Waller sold 23,240 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the transaction, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The disclosure for this sale can be found here. 1.51% of the stock is currently owned by corporate insiders.

Shares of The Coca-Cola Co (NYSE KO) opened at $47.16 on Friday. The Coca-Cola Co has a 52 week low of $40.22 and a 52 week high of $47.48. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The stock has a market capitalization of $200,930.00, a P/E ratio of 44.91, a P/E/G ratio of 3.76 and a beta of 0.70.

The Coca-Cola (NYSE:KO) last posted its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the prior year, the business earned $0.49 EPS. The Coca-Cola’s revenue for the quarter was down 14.6% compared to the same quarter last year. analysts anticipate that The Coca-Cola Co will post 1.91 earnings per share for the current 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.

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

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