Shares of the Coca-Cola Company (NYSE:KO) are down about 4.4% over the past year, underperforming the S&P 500’s (SPX) nearly 25% gain. Macro headwinds persist, posing challenges for the company. However, Coca-Cola’s focus on optimizing its portfolio of brands is likely to retain and attract more customers and drive volume in the coming quarters. Consequently, it’s the right time to see who owns Coca-Cola.
Coca-Cola Company produces and sells non-alcoholic beverages.
Now, according to TipRanks’ ownership page, public companies and individual investors own 57.70% of Coca-Cola. They are followed by other institutional investors, mutual funds, and insiders at 19.82%, 16.64%, and 5.83%, respectively.
Digging Deeper into Coca-Cola’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns a 7.54% stake in KO stock. Next up is Vanguard Index Funds, which holds a 5.89% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Positive on KO stock based on the activity of 42 hedge funds. Hedge funds increased their KO holdings by 4.3M shares in the last quarter.
On the contrary, individual investors have a Negative view of the company, given that in the last 30 days, the number of portfolios (tracked by TipRanks) holding Coca-Cola stock decreased by 0.8%. Overall, among the 728,786 portfolios monitored by TipRanks, 3.9% have invested in Coca-Cola stock.
Is Coca-Cola Stock a Buy or Sell
Wall Street is cautiously optimistic about Coca-Cola stock. It has 11 Buys and four Hold recommendations for a Moderate Buy consensus rating. Analysts’ average price target on KO stock is $65.93, implying 6.79% upside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides KO ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of Coca-Cola stock, go to TipRanks’ Stock Analysis page.
