Robeco Institutional Asset Management B.V. Increases Stake in CocaCola Company (The) (NYSE:KO)

Robeco Institutional Asset Management B.V. lifted its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 13.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,464,208 shares of the company's stock after purchasing an additional 171,736 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in CocaCola were worth $104,867,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in KO. Sequoia Financial Advisors LLC raised its position in CocaCola by 25.7% in the first quarter. Sequoia Financial Advisors LLC now owns 196,331 shares of the company's stock worth $14,061,000 after acquiring an additional 40,178 shares during the period. Pure Financial Advisors LLC increased its stake in shares of CocaCola by 42.7% in the 1st quarter. Pure Financial Advisors LLC now owns 8,081 shares of the company's stock worth $579,000 after purchasing an additional 2,418 shares in the last quarter. Phillips Wealth Planners LLC raised its holdings in CocaCola by 186.7% in the 1st quarter. Phillips Wealth Planners LLC now owns 10,657 shares of the company's stock worth $761,000 after purchasing an additional 6,940 shares during the period. Perigon Wealth Management LLC lifted its position in CocaCola by 5.1% during the first quarter. Perigon Wealth Management LLC now owns 125,695 shares of the company's stock valued at $9,002,000 after purchasing an additional 6,067 shares in the last quarter. Finally, Omnia Family Wealth LLC grew its holdings in CocaCola by 35.2% during the first quarter. Omnia Family Wealth LLC now owns 4,164 shares of the company's stock valued at $300,000 after purchasing an additional 1,085 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on KO shares. JPMorgan Chase & Co. raised their price objective on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Morgan Stanley restated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Cfra Research upgraded shares of CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Piper Sandler lifted their price target on shares of CocaCola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, Barclays reiterated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, CocaCola currently has an average rating of "Buy" and an average target price of $76.27.

Insider Transactions at CocaCola

In related news, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of the sale, the chief executive officer now owns 275,946 shares of the company's stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the sale, the executive vice president now owns 187,716 shares in the company, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is currently owned by company insiders.

CocaCola Trading Down 0.2%

NYSE KO traded down $0.12 during trading hours on Thursday, hitting $69.51. 14,436,893 shares of the company were exchanged, compared to its average volume of 16,017,310. The stock has a 50-day moving average price of $71.38 and a 200 day moving average price of $68.18. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The stock has a market cap of $299.20 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 3.68 and a beta of 0.46. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The business's revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. Analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.93%. CocaCola's dividend payout ratio is currently 81.60%.

CocaCola 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.