Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Purchases 101,689 Shares of CocaCola Company (The) (NYSE:KO)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. grew its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 1,768.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,440 shares of the company's stock after buying an additional 101,689 shares during the quarter. CocaCola accounts for 1.5% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s investment portfolio, making the stock its 20th largest holding. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in CocaCola were worth $7,695,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its position in shares of CocaCola by 55.2% in the first quarter. Proficio Capital Partners LLC now owns 16,831 shares of the company's stock valued at $1,205,000 after buying an additional 5,988 shares in the last quarter. WMG Financial Advisors LLC purchased a new stake in shares of CocaCola in the first quarter valued at $228,000. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of CocaCola by 3.5% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,399,966 shares of the company's stock valued at $267,186,000 after acquiring an additional 115,445 shares during the last quarter. Wesleyan Assurance Society raised its stake in CocaCola by 62.1% during the first quarter. Wesleyan Assurance Society now owns 208,310 shares of the company's stock worth $14,919,000 after purchasing an additional 79,830 shares during the period. Finally, Nelson Capital Management LLC boosted its holdings in CocaCola by 0.5% in the first quarter. Nelson Capital Management LLC now owns 35,092 shares of the company's stock valued at $2,513,000 after acquiring an additional 173 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KO. UBS Group lifted their price target on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. BNP Paribas reiterated an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research report on Monday. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, CocaCola has an average rating of "Buy" and a consensus target price of $77.13.

Insider Buying and Selling

In other 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 transaction, the chief executive officer owned 275,946 shares in the company, valued at $19,884,668.76. The trade was a 49.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the sale, the executive vice president directly owned 187,716 shares of the company's stock, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 415,387 shares of company stock valued at $29,923,985 over the last three months. Company insiders own 0.90% of the company's stock.

CocaCola Stock Performance

CocaCola stock traded down $0.40 on Tuesday, hitting $69.67. The company's stock had a trading volume of 22,327,899 shares, compared to its average volume of 16,468,766. The company has a fifty day moving average price of $70.71 and a 200-day moving average price of $69.17. The firm has a market cap of $299.87 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 3.67 and a beta of 0.45. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. 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 posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The company had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same quarter last year, the business posted $0.84 earnings per share. The company's revenue was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 2.93%. CocaCola's dividend payout ratio is currently 81.60%.

CocaCola 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.