TCW Group Inc. Has $3.68 Million Stake in The Coca-Cola Company (NYSE:KO)

TCW Group Inc. lifted its position in shares of The Coca-Cola Company (NYSE:KO) by 3.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,748 shares of the company’s stock after purchasing an additional 1,682 shares during the quarter. TCW Group Inc.’s holdings in Coca-Cola were worth $3,676,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Coca-Cola during the fourth quarter worth $2,808,056,000. Price T Rowe Associates Inc. MD grew its holdings in Coca-Cola by 21.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 49,297,505 shares of the company’s stock worth $3,016,023,000 after buying an additional 8,733,326 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Coca-Cola by 11,138.6% during the fourth quarter. Fisher Asset Management LLC now owns 4,977,819 shares of the company’s stock worth $293,343,000 after buying an additional 4,933,527 shares in the last quarter. Pathstone Holdings LLC bought a new position in Coca-Cola in the 4th quarter valued at $193,342,000. Finally, Putnam Investments LLC grew its stake in Coca-Cola by 32.8% in the 4th quarter. Putnam Investments LLC now owns 12,032,095 shares of the company’s stock valued at $709,051,000 after purchasing an additional 2,973,234 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on KO. Wells Fargo & Company upped their price objective on Coca-Cola from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Evercore ISI upped their price objective on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft upped their price target on Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Barclays upped their price target on Coca-Cola from $69.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, TD Cowen upped their price target on Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.20.

Insider Buying and Selling

In other news, EVP Lisa Chang sold 58,122 shares of Coca-Cola stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $68.51, for a total value of $3,981,938.22. Following the sale, the executive vice president now directly owns 74,067 shares in the company, valued at approximately $5,074,330.17. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total value of $1,224,645.76. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $14,168,055.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lisa Chang sold 58,122 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $68.51, for a total value of $3,981,938.22. Following the completion of the transaction, the executive vice president now owns 74,067 shares of the company’s stock, valued at approximately $5,074,330.17. The disclosure for this sale can be found here. Insiders have sold a total of 871,162 shares of company stock worth $571,697,887 in the last ninety days. 0.97% of the stock is owned by insiders.

Coca-Cola Price Performance

Shares of Coca-Cola stock traded up $0.53 during trading on Friday, hitting $69.18. 12,651,230 shares of the stock traded hands, compared to its average volume of 13,051,887. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39. The stock has a market cap of $298.02 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 3.80 and a beta of 0.59. The firm’s fifty day moving average is $65.11 and its 200-day moving average is $62.38. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $69.67.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The firm had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.78 billion. During the same period in the prior year, the company earned $0.78 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Research analysts expect that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, September 13th. This represents a $1.94 annualized dividend and a yield of 2.80%. Coca-Cola’s payout ratio is 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.