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Principal Financial Group Inc. Raises Stake in CocaCola Company (The) $KO
Principal Financial Group Inc. increased its holdings in Coca-Cola Company by 1.1% in Q4, acquiring an additional 81,222 shares, bringing their total to 7,629,629 shares valued at over $533 million. This increase follows Coca-Cola’s strong Q1 earnings, which beat expectations, and the company’s maintained dividend of $0.53 quarterly. Analysts generally maintain a “Buy” rating for Coca-Cola with an average target price near $86.27.