Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Decreases Stake in The Coca-Cola Company (NYSE:KO)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. reduced its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 94.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,751 shares of the company's stock after selling 96,038 shares during the period. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Coca-Cola were worth $358,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new stake in Coca-Cola in the fourth quarter worth $27,000. Mainstream Capital Management LLC bought a new stake in Coca-Cola in the fourth quarter worth $31,000. Murphy & Mullick Capital Management Corp bought a new stake in Coca-Cola in the fourth quarter worth $38,000. Hoey Investments Inc. boosted its holdings in Coca-Cola by 41.9% in the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after acquiring an additional 181 shares in the last quarter. Finally, MilWealth Group LLC bought a new stake in Coca-Cola in the fourth quarter worth $40,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO James Quincey sold 145,435 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total value of $10,327,339.35. Following the completion of the sale, the chief executive officer now directly owns 342,546 shares of the company's stock, valued at $24,324,191.46. This trade represents a 29.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Beatriz R. Perez sold 60,326 shares of the firm's 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 now directly owns 187,716 shares of the company's stock, valued at $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 462,407 shares of company stock valued at $32,990,056 in the last ninety days. Insiders own 0.97% of the company's stock.

Coca-Cola Stock Performance

Shares of KO opened at $71.89 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The business has a 50-day simple moving average of $70.92 and a two-hundred day simple moving average of $66.83. The stock has a market cap of $309.43 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 52 week low of $60.62 and a 52 week high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter last year, the business posted $0.72 earnings per share. The firm's revenue was down .7% on a year-over-year basis. On average, analysts expect that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Friday, June 13th. Coca-Cola's payout ratio is 81.60%.

Analysts Set New Price Targets

KO has been the topic of several analyst reports. Royal Bank of Canada boosted their target price on Coca-Cola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Cfra Research raised Coca-Cola to a "strong-buy" rating in a report on Tuesday, April 15th. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a report on Thursday, February 13th. Finally, Evercore ISI upped their price target on Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. 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, the stock has a consensus rating of "Buy" and a consensus target price of $75.59.

About Coca-Cola

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.

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