Tokio Marine Asset Management Co. Ltd. Has $7.14 Million Stake in The Coca-Cola Company (NYSE:KO)

Tokio Marine Asset Management Co. Ltd. grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 114,677 shares of the company’s stock after buying an additional 3,298 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Coca-Cola were worth $7,140,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new position in shares of Coca-Cola in the 2nd quarter worth approximately $27,000. Czech National Bank raised its stake in Coca-Cola by 6.9% during the third quarter. Czech National Bank now owns 790,169 shares of the company’s stock worth $56,782,000 after acquiring an additional 51,339 shares in the last quarter. Apella Capital LLC lifted its holdings in shares of Coca-Cola by 1.4% during the third quarter. Apella Capital LLC now owns 10,533 shares of the company’s stock valued at $748,000 after acquiring an additional 146 shares during the period. HBW Advisory Services LLC boosted its stake in shares of Coca-Cola by 202.5% in the 3rd quarter. HBW Advisory Services LLC now owns 11,844 shares of the company’s stock valued at $851,000 after purchasing an additional 7,928 shares in the last quarter. Finally, Northwest Quadrant Wealth Management LLC bought a new stake in shares of Coca-Cola in the 3rd quarter worth about $225,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Down 0.9 %

Shares of NYSE:KO opened at $63.46 on Friday. The company has a 50 day moving average price of $62.65 and a two-hundred day moving average price of $66.37. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The company has a market capitalization of $273.38 billion, a PE ratio of 26.22, a PEG ratio of 3.52 and a beta of 0.61. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53.

Insider Activity

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.97% of the stock is owned by company insiders.

Analyst Ratings Changes

KO has been the subject of several analyst reports. Barclays cut their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, January 17th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, January 8th. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the stock from $69.00 to $75.00 in a research report on Thursday. Wells Fargo & Company reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.13.

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.