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Recent changes in large investors’ holdings of Coca-Cola include Elwood & Goetz increasing their stake by 2.2%, Drive Wealth by 1.6%, and Liberty Capital by 3.7%. Azzad Asset Management also boosted its position by 0.4%. Notably, hedge funds own 70.26% of the stock.
Price Target Updates
Analysts have raised Coca-Cola’s price targets: Bank of America ($70.00), Truist Financial ($70.00), Royal Bank of Canada ($68.00), and Morgan Stanley ($78.00). The consensus is a Moderate Buy with a price target of $71.07.
Insider Activity
EVP Nancy Quan sold 19,304 shares for $1.25 million, while Lisa Chang sold 58,122 shares for nearly $4 million. In the last three months, insiders offloaded 974,715 shares worth about $579 million.
Stock Performance
Coca-Cola stock opened at $71.73 with a market cap of $309.01 billion, PE ratio of 28.69, and 12-month high of $73.53. Q2 earnings showed an EPS of $0.84, exceeding estimates.
Dividend Announcement
A dividend of $0.485 was paid on October 1st, yielding 2.70%. The payout ratio stands at 77.60%.
Coca-Cola Overview
The Coca-Cola Company produces and sells various beverages worldwide, including soft drinks, juices, and water.
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Discover hedge fund holdings in KO: Visit HoldingsChannel.com.
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