Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Reduces Position in CocaCola Company (The) $KO

Key Points

• Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. reduced its position in CocaCola Company by 60.8%, now holding 42,154 shares after selling 65,286 shares in the second quarter.
• The company's stocks have drawn mixed ratings from analysts, with target prices ranging from $75.00 to $84.00, reflecting a generally positive outlook despite recent adjustments.
• CocaCola recently declared a quarterly dividend of $0.51 per share, representing an annual yield of 3.0% and a payout ratio of 72.34%.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. trimmed its position in CocaCola Company (The) (NYSE:KO - Free Report) by 60.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,154 shares of the company's stock after selling 65,286 shares during the quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in CocaCola were worth $2,982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KO. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola in the first quarter worth about $25,000. 1248 Management LLC bought a new position in CocaCola during the 1st quarter valued at approximately $26,000. Garde Capital Inc. purchased a new stake in CocaCola in the 1st quarter worth approximately $30,000. Mizuho Securities Co. Ltd. grew its position in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after buying an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC grew its position in shares of CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after buying an additional 285 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares of the company's stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. UBS Group reduced their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CocaCola in a research note on Wednesday. Finally, Wells Fargo & Company decreased their price target on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to MarketBeat.com, CocaCola currently has an average rating of "Buy" and an average target price of $76.93.

CocaCola Stock Up 1.0%

NYSE:KO opened at $67.05 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The firm's 50-day moving average price is $68.06 and its 200-day moving average price is $69.85. The company has a market capitalization of $288.55 billion, a PE ratio of 23.78, a P/E/G ratio of 3.49 and a beta of 0.43. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The business had revenue of $11.40 billion for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. On average, equities analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, September 15th. CocaCola's payout ratio is currently 72.34%.

About CocaCola

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.

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.