Nippon Life Global Investors Americas Inc. Has $13.52 Million Holding in The Coca-Cola Co (KO)

Nippon Life Global Investors Americas Inc. Has $13.52 Million Holding in The Coca-Cola Co (KO)

Nippon Life Global Investors Americas Inc. lifted its holdings in The Coca-Cola Co (NYSE:KO) by 51.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 285,430 shares of the company’s stock after purchasing an additional 96,800 shares during the period. The Coca-Cola comprises approximately 1.2% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 28th biggest position. Nippon Life Global Investors Americas Inc.’s holdings in The Coca-Cola were worth $13,515,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KO. Vanguard Group Inc. raised its position in shares of The Coca-Cola by 1.4% during the third quarter. Vanguard Group Inc. now owns 289,055,893 shares of the company’s stock valued at $13,351,492,000 after buying an additional 3,918,108 shares during the last quarter. Vanguard Group Inc raised its position in shares of The Coca-Cola by 1.4% during the third quarter. Vanguard Group Inc now owns 289,055,893 shares of the company’s stock valued at $13,351,492,000 after buying an additional 3,918,108 shares during the last quarter. Capital International Investors raised its position in shares of The Coca-Cola by 81.9% during the third quarter. Capital International Investors now owns 63,196,570 shares of the company’s stock valued at $2,919,050,000 after buying an additional 28,445,747 shares during the last quarter. FMR LLC raised its position in shares of The Coca-Cola by 2.3% during the third quarter. FMR LLC now owns 50,012,668 shares of the company’s stock valued at $2,310,085,000 after buying an additional 1,116,190 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in shares of The Coca-Cola by 2.2% during the third quarter. Loomis Sayles & Co. L P now owns 20,151,122 shares of the company’s stock valued at $930,781,000 after buying an additional 426,083 shares during the last quarter. Hedge funds and other institutional investors own 65.54% of the company’s stock.

In other The Coca-Cola news, VP Kathy N. Waller sold 88,400 shares of the stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $50.00, for a total value of $4,420,000.00. Following the transaction, the vice president now directly owns 256,421 shares of the company’s stock, valued at approximately $12,821,050. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James L. Dinkins sold 9,150 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $49.95, for a total transaction of $457,042.50. Following the transaction, the insider now owns 30,400 shares in the company, valued at approximately $1,518,480. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 154,392 shares of company stock worth $7,683,022. 1.48% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Bank of America set a $55.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Friday, December 14th. UBS Group reissued a “neutral” rating and issued a $51.00 target price (up from $50.00) on shares of The Coca-Cola in a report on Thursday, December 13th. Jefferies Financial Group reissued a “neutral” rating and issued a $49.00 target price on shares of The Coca-Cola in a report on Monday, December 10th. Finally, Macquarie reissued a “neutral” rating and issued a $50.00 target price on shares of The Coca-Cola in a report on Tuesday, December 4th. Fourteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $51.64.

Shares of NYSE:KO opened at $49.50 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26. The stock has a market cap of $210.82 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 3.02 and a beta of 0.53. The Coca-Cola Co has a one year low of $41.45 and a one year high of $50.84.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Further Reading: Mutual Funds

Related posts

Leave a Comment