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

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. lessened its position in CocaCola Company (The) (NYSE:KO) by 60.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,154 shares of the company’s stock after selling 65,286 shares during the period. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings in CocaCola were worth $2,982,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its holdings in CocaCola by 19.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 523,732 shares of the company’s stock worth $37,079,000 after acquiring an additional 84,674 shares during the last quarter. Sovereign Financial Group Inc. boosted its stake in CocaCola by 1.5% during the 2nd quarter. Sovereign Financial Group Inc. now owns 11,908 shares of the company’s stock valued at $843,000 after purchasing an additional 171 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of CocaCola by 8.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 224,276 shares of the company’s stock worth $15,868,000 after purchasing an additional 17,295 shares in the last quarter. waypoint wealth counsel increased its holdings in shares of CocaCola by 1,893.5% in the 2nd quarter. waypoint wealth counsel now owns 126,908 shares of the company’s stock worth $8,979,000 after purchasing an additional 120,542 shares in the last quarter. Finally, Inman Jager Wealth Management LLC raised its stake in shares of CocaCola by 1.7% in the second quarter. Inman Jager Wealth Management LLC now owns 26,429 shares of the company’s stock worth $1,870,000 after purchasing an additional 452 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.97% of the stock is currently owned by insiders.

CocaCola Trading Up 1.0%

CocaCola stock opened at $67.05 on Friday. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a market cap of $288.55 billion, a P/E ratio of 23.78, a P/E/G ratio of 3.49 and a beta of 0.43. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The business has a 50-day simple moving average of $68.06 and a two-hundred day simple moving average of $69.85.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. The company 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%. Analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, September 15th. CocaCola’s dividend payout ratio (DPR) is currently 72.34%.

Analysts Set New Price Targets

KO has been the topic of several recent analyst reports. BNP Paribas reaffirmed an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. UBS Group lowered their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Wednesday. Finally, Wells Fargo & Company lowered their price objective on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $76.93.

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.