The Coca-Cola Company (NYSE:KO) Stake Boosted by Natixis Advisors L.P.

Natixis Advisors L.P. increased its position in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 13.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,177,163 shares of the company’s stock after purchasing an additional 142,402 shares during the quarter. Natixis Advisors L.P.’s holdings in Coca-Cola were worth $69,700,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KO. McClarren Financial Advisors Inc. raised its stake in shares of Coca-Cola by 18.5% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,077 shares of the company’s stock valued at $64,000 after purchasing an additional 168 shares during the period. Avity Investment Management Inc. raised its stake in shares of Coca-Cola by 0.4% in the 4th quarter. Avity Investment Management Inc. now owns 44,087 shares of the company’s stock valued at $2,610,000 after purchasing an additional 171 shares during the period. Veriti Management LLC raised its stake in shares of Coca-Cola by 0.3% in the 4th quarter. Veriti Management LLC now owns 54,341 shares of the company’s stock valued at $3,218,000 after purchasing an additional 173 shares during the period. TCI Wealth Advisors Inc. raised its stake in shares of Coca-Cola by 3.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 5,060 shares of the company’s stock valued at $300,000 after purchasing an additional 176 shares during the period. Finally, Certified Advisory Corp raised its stake in shares of Coca-Cola by 0.6% in the 3rd quarter. Certified Advisory Corp now owns 30,182 shares of the company’s stock valued at $1,583,000 after purchasing an additional 178 shares during the period. Hedge funds and other institutional investors own 67.82% of the company’s stock.

In other Coca-Cola news, COO Brian John Smith sold 35,800 shares of the stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $67.04, for a total value of $2,400,032.00. Following the completion of the transaction, the chief operating officer now directly owns 116,168 shares in the company, valued at $7,787,902.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Monica Howard Douglas sold 14,122 shares of the stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $58.85, for a total value of $831,079.70. The disclosure for this sale can be found here. Insiders sold 548,619 shares of company stock valued at $34,831,706 over the last quarter. Corporate insiders own 0.98% of the company’s stock.

NYSE:KO traded down $1.58 during trading hours on Friday, hitting $64.61. The company’s stock had a trading volume of 20,137,147 shares, compared to its average volume of 14,713,358. The stock has a fifty day simple moving average of $62.39 and a 200-day simple moving average of $59.43. The company has a market capitalization of $280.08 billion, a P/E ratio of 27.15, a PEG ratio of 3.81 and a beta of 0.65. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.18 and a quick ratio of 0.96. The Coca-Cola Company has a twelve month low of $52.28 and a twelve month high of $67.20.

Coca-Cola (NYSE:KOGet Rating) last released its quarterly earnings data on Monday, April 25th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.06. The business had revenue of $10.50 billion for the quarter, compared to analyst estimates of $9.83 billion. Coca-Cola had a return on equity of 41.84% and a net margin of 25.69%. Coca-Cola’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. On average, equities analysts predict that The Coca-Cola Company will post 2.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be given a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.76 annualized dividend and a yield of 2.72%. Coca-Cola’s dividend payout ratio is presently 73.95%.

KO has been the topic of a number of analyst reports. Cowen upped their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock a “market perform” rating in a research note on Tuesday. Truist Financial upped their price objective on Coca-Cola from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley upped their price objective on Coca-Cola from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 8th. Citigroup upped their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Wells Fargo & Company increased their price target on Coca-Cola from $67.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, February 11th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $67.29.

About Coca-Cola (Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. 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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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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