$KO Sees Significant Investments from Institutional Investors
Coca-Cola Company (The) ($KO) has seen significant investments from various institutional investors in recent quarters. Cidel Asset Management Inc. increased its position in shares of CocaCola by 2,091.3% in the 2nd quarter, owning 361,934 shares worth $29,414,000 at the end of the most recent quarter. This makes up approximately 1.4% of Cidel Asset Management Inc.'s investment portfolio.
Other institutional investors have also increased their stakes in Coca-Cola. California State Teachers Retirement System grew its holdings by 7,365.2%, owning 487,509,960 shares worth $39,619,934,000. Norges Bank purchased a new position in shares of CocaCola in the fourth quarter worth about $3,865,807,000.
Coca-Cola has been performing well due to its brand strength, pricing power, and defensive demand. The company's stock opened at $88.38 on Wednesday, with a 1-year high of $92.49 and a 1-year low of $65.35. Analysts have set a target price of $95.76.