CocaCola Company (The) (NYSE:KO) Shares Acquired by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Coca-Cola by 19.6%, acquiring an additional 550,064 shares, bringing their total ownership to 3,357,782 shares, valued at approximately $240.48 million.
• Several institutional investors, including New Republic Capital and BXM Wealth LLC, also raised their stakes in Coca-Cola during the first quarter, reflecting a strong interest from institutional players, with 70.26% of the stock currently held by such investors.
• Coca-Cola's quarterly earnings beat expectations, reporting $0.87 per share, while the company declared a dividend of $0.51 per share, scheduled for payment on October 1st, contributing to a 2.94% yield.

Natixis Advisors LLC raised its position in CocaCola Company (The) (NYSE:KO - Free Report) by 19.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,357,782 shares of the company's stock after acquiring an additional 550,064 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of CocaCola worth $240,484,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Capital International Investors grew its position in shares of CocaCola by 96.0% during the fourth quarter. Capital International Investors now owns 24,949,194 shares of the company's stock worth $1,553,337,000 after buying an additional 12,222,885 shares in the last quarter. GAMMA Investing LLC grew its position in shares of CocaCola by 8,419.4% during the first quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company's stock worth $426,927,000 after buying an additional 5,891,034 shares in the last quarter. Capital Research Global Investors grew its position in shares of CocaCola by 119.0% during the fourth quarter. Capital Research Global Investors now owns 9,458,248 shares of the company's stock worth $588,871,000 after buying an additional 5,139,352 shares in the last quarter. Northern Trust Corp grew its position in shares of CocaCola by 9.5% during the fourth quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock worth $2,727,131,000 after buying an additional 3,811,756 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in CocaCola by 18.2% in the fourth quarter. Invesco Ltd. now owns 24,566,933 shares of the company's stock valued at $1,529,537,000 after purchasing an additional 3,791,300 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Price Performance

CocaCola stock traded up $0.59 during trading hours on Friday, hitting $68.48. The stock had a trading volume of 2,970,357 shares, compared to its average volume of 17,184,957. 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 stock has a market capitalization of $294.70 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 3.58 and a beta of 0.45. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The stock's fifty day moving average is $70.39 and its two-hundred day moving average is $69.54.

CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. CocaCola's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. As a group, analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.0%. CocaCola's dividend payout ratio is 72.34%.

Insider Buying and Selling at CocaCola

In related news, CEO James Quincey sold 266,403 shares of the stock in a transaction on 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 sale, the chief executive officer owned 275,946 shares of the company's stock, valued at $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction 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 sale, the executive vice president directly owned 187,716 shares in the company, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 415,387 shares of company stock valued at $29,923,985. Insiders own 0.97% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KO shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. UBS Group reduced their price objective on CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, BNP Paribas reiterated an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, CocaCola has a consensus rating of "Buy" and an average price target of $77.21.

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.