Banque de Luxembourg S.A. Invests $257,000 in The Coca-Cola Company (NYSE:KO)

Banque de Luxembourg S.A. purchased a new position in The Coca-Cola Company (NYSE:KO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,106 shares of the company's stock, valued at approximately $257,000.

A number of other institutional investors also recently modified their holdings of KO. Beverly Hills Private Wealth LLC lifted its stake in Coca-Cola by 4.3% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 5,543 shares of the company's stock valued at $345,000 after buying an additional 230 shares during the period. Bearing Point Capital LLC bought a new stake in shares of Coca-Cola in the 4th quarter valued at $1,128,000. Biglari Sardar lifted its position in shares of Coca-Cola by 1.7% during the 4th quarter. Biglari Sardar now owns 108,445 shares of the company's stock valued at $6,752,000 after acquiring an additional 1,811 shares during the period. BLI Banque de Luxembourg Investments bought a new position in Coca-Cola during the fourth quarter worth $1,491,000. Finally, BNP Paribas grew its holdings in Coca-Cola by 11.6% in the fourth quarter. BNP Paribas now owns 585,486 shares of the company's stock worth $36,452,000 after purchasing an additional 60,642 shares during the period. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Bruno Pietracci sold 19,058 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nikolaos Koumettis sold 54,708 shares of Coca-Cola stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total value of $3,882,079.68. Following the sale, the insider now directly owns 246,909 shares of the company's stock, valued at $17,520,662.64. This represents a 18.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 313,423 shares of company stock valued at $22,263,071. Company insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on KO shares. DZ Bank raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research report on Thursday, February 13th. Piper Sandler raised their price objective on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Barclays reaffirmed an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. TD Cowen raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research report on Wednesday, January 8th. Finally, Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $75.59.

Coca-Cola Stock Performance

Shares of NYSE:KO traded up $0.08 during mid-day trading on Tuesday, reaching $71.78. The company had a trading volume of 12,691,592 shares, compared to its average volume of 15,442,067. The company's 50-day moving average price is $70.92 and its 200-day moving average price is $66.55. The Coca-Cola Company has a one year low of $60.62 and a one year high of $74.38. The firm has a market cap of $308.90 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 3.79 and a beta of 0.47. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The firm had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The business's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's payout ratio is currently 81.60%.

Coca-Cola Company 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.