Robeco Institutional Asset Management B.V. Boosts Holdings in The Coca-Cola Company (NYSE:KO)

Robeco Institutional Asset Management B.V. boosted its stake in The Coca-Cola Company (NYSE:KO) by 7.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,581,006 shares of the company’s stock after purchasing an additional 104,323 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Coca-Cola were worth $113,611,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KO. Jennison Associates LLC lifted its position in shares of Coca-Cola by 3.8% during the 1st quarter. Jennison Associates LLC now owns 47,562 shares of the company’s stock valued at $2,910,000 after buying an additional 1,746 shares during the last quarter. Mutual Advisors LLC lifted its holdings in Coca-Cola by 7.0% during the first quarter. Mutual Advisors LLC now owns 70,161 shares of the company’s stock valued at $4,292,000 after purchasing an additional 4,618 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Coca-Cola during the first quarter worth about $1,513,000. Comprehensive Financial Consultants Institutional Inc. boosted its position in Coca-Cola by 3.0% during the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 15,696 shares of the company’s stock worth $960,000 after purchasing an additional 455 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in shares of Coca-Cola by 6.1% in the first quarter. Proficio Capital Partners LLC now owns 9,328 shares of the company’s stock worth $571,000 after purchasing an additional 535 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coca-Cola

In related news, EVP Nancy Quan sold 18,484 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $15,968,095. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Coca-Cola news, CEO James Quincey sold 102,533 shares of Coca-Cola stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total value of $7,179,360.66. Following the transaction, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at $30,987,070.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nancy Quan sold 18,484 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $15,968,095. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 261,870 shares of company stock worth $18,256,369. 0.97% of the stock is currently owned by insiders.

Coca-Cola Stock Down 0.5 %

Shares of NYSE:KO opened at $65.01 on Monday. The firm has a fifty day moving average of $70.29 and a 200 day moving average of $66.37. The Coca-Cola Company has a 52-week low of $56.06 and a 52-week high of $73.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The firm has a market capitalization of $280.05 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 3.97 and a beta of 0.62.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 EPS. As a group, research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is presently 80.17%.

Analyst Ratings Changes

A number of analysts recently commented on KO shares. JPMorgan Chase & Co. upped their price target on shares of Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Truist Financial raised their price target on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Hsbc Global Res upgraded Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Royal Bank of Canada increased their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Barclays reduced their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus target price of $71.80.

Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.