Tokio Marine Asset Management Co. Ltd. Increases Holdings in The Coca-Cola Company (NYSE:KO)

Tokio Marine Asset Management Co. Ltd. increased its stake in The Coca-Cola Company (NYSE:KO) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,941 shares of the company’s stock after acquiring an additional 4,720 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Coca-Cola were worth $5,418,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC lifted its stake in Coca-Cola by 213.8% in the third quarter. Impact Partnership Wealth LLC now owns 2,554 shares of the company’s stock worth $143,000 after purchasing an additional 1,740 shares during the last quarter. KFG Wealth Management LLC increased its stake in Coca-Cola by 6.9% in the third quarter. KFG Wealth Management LLC now owns 4,521 shares of the company’s stock worth $253,000 after purchasing an additional 291 shares during the period. Private Trust Co. NA lifted its position in shares of Coca-Cola by 1.1% during the third quarter. Private Trust Co. NA now owns 40,461 shares of the company’s stock worth $2,265,000 after purchasing an additional 435 shares during the last quarter. Avity Investment Management Inc. grew its holdings in shares of Coca-Cola by 14.0% in the third quarter. Avity Investment Management Inc. now owns 50,059 shares of the company’s stock worth $2,802,000 after purchasing an additional 6,166 shares during the last quarter. Finally, Kessler Investment Group LLC lifted its holdings in Coca-Cola by 24.8% during the 3rd quarter. Kessler Investment Group LLC now owns 3,467 shares of the company’s stock valued at $194,000 after buying an additional 689 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Coca-Cola Stock Up 1.5 %

Shares of Coca-Cola stock traded up $0.91 during trading on Wednesday, reaching $61.55. The company’s stock had a trading volume of 19,515,863 shares, compared to its average volume of 13,970,263. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.69. The company has a 50-day simple moving average of $60.02 and a two-hundred day simple moving average of $58.74. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The company has a market cap of $265.35 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 3.46 and a beta of 0.59.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business had revenue of $10.80 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the company earned $0.45 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that The Coca-Cola Company will post 2.81 earnings per share for the current year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a dividend of $0.485 per share. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.15%. Coca-Cola’s dividend payout ratio is presently 78.23%.

Insiders Place Their Bets

In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total value of $3,491,990.16. Following the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $13,594,097.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO James Quincey sold 247,188 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the sale, the chief executive officer now owns 442,546 shares in the company, valued at approximately $26,968,753.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 375,407 shares of company stock valued at $22,795,742. Insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the subject of several research reports. Citigroup upped their target price on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. JPMorgan Chase & Co. lowered their price objective on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Finally, Barclays raised their target price on shares of Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.09.

Coca-Cola 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.