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

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. reduced its position in shares of The Coca-Cola Company (NYSE:KO) by 94.4% during the 4th quarter, HoldingsChannel reports. 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 quarter.

Other institutional investors also recently bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new position in Coca-Cola during the 4th quarter worth $27,000. Mainstream Capital Management LLC purchased a new position in shares of Coca-Cola in the 4th quarter valued at $31,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Coca-Cola in the 4th quarter valued at $38,000. Hoey Investments Inc. increased its holdings in shares of Coca-Cola by 41.9% in the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock valued at $38,000 after acquiring an additional 181 shares during the period. Finally, MilWealth Group LLC purchased a new position in shares of Coca-Cola in the 4th quarter valued at $40,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Coca-Cola

In other Coca-Cola news, insider Bruno Pietracci sold 19,058 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $70.56, for a total transaction of $1,344,732.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lisa Chang sold 13,445 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total value of $961,317.50. Following the sale, the executive vice president now owns 94,676 shares of the company’s stock, valued at approximately $6,769,334. This trade represents a 12.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 462,407 shares of company stock worth $32,990,056 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

Shares of KO stock opened at $71.89 on Tuesday. The stock has a market cap of $309.43 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The business has a 50-day simple moving average of $70.92 and a 200-day simple moving average of $66.83. 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 Coca-Cola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating 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 analyst estimates of $11.23 billion. During the same quarter in the previous year, the business earned $0.72 EPS. Coca-Cola’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts expect that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Cfra Research raised Coca-Cola to a “strong-buy” rating in a research report on Tuesday, April 15th. DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised their price objective on Coca-Cola from $74.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Finally, Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola has a consensus rating of “Buy” and a consensus price target of $75.59.

Coca-Cola 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.