Robeco Institutional Asset Management B.V. Purchases 171,736 Shares of CocaCola Company (The) (NYSE:KO)

Robeco Institutional Asset Management B.V. boosted its position in shares of CocaCola Company (The) (NYSE:KO) by 13.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,464,208 shares of the company’s stock after purchasing an additional 171,736 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in CocaCola were worth $104,867,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KO. Sequoia Financial Advisors LLC increased its position in shares of CocaCola by 25.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 196,331 shares of the company’s stock valued at $14,061,000 after buying an additional 40,178 shares in the last quarter. Pure Financial Advisors LLC grew its stake in CocaCola by 42.7% in the first quarter. Pure Financial Advisors LLC now owns 8,081 shares of the company’s stock valued at $579,000 after acquiring an additional 2,418 shares during the period. Phillips Wealth Planners LLC grew its stake in CocaCola by 186.7% in the first quarter. Phillips Wealth Planners LLC now owns 10,657 shares of the company’s stock valued at $761,000 after acquiring an additional 6,940 shares during the period. Perigon Wealth Management LLC increased its holdings in shares of CocaCola by 5.1% in the first quarter. Perigon Wealth Management LLC now owns 125,695 shares of the company’s stock worth $9,002,000 after acquiring an additional 6,067 shares in the last quarter. Finally, Omnia Family Wealth LLC raised its position in shares of CocaCola by 35.2% during the first quarter. Omnia Family Wealth LLC now owns 4,164 shares of the company’s stock worth $300,000 after purchasing an additional 1,085 shares during the period. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KO shares. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Barclays reiterated an “overweight” rating on shares of CocaCola in a report on Thursday, March 27th. Cfra Research upgraded shares of CocaCola to a “strong-buy” rating in a report on Tuesday, April 15th. Piper Sandler boosted their price objective on shares of CocaCola from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, UBS Group increased their target price on CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $76.27.

Insider Buying and Selling at CocaCola

In related news, CFO John Murphy sold 88,658 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the sale, the chief financial officer now owns 205,511 shares in the company, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the transaction, the executive vice president now directly owns 187,716 shares of the company’s stock, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 415,387 shares of company stock worth $29,923,985 over the last quarter. 0.97% of the stock is currently owned by insiders.

CocaCola Price Performance

Shares of NYSE KO opened at $69.66 on Thursday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The business has a 50-day moving average of $71.38 and a 200-day moving average of $68.18. The stock has a market capitalization of $299.84 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 3.68 and a beta of 0.46. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The firm had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same period last year, the company earned $0.72 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Friday, June 13th. CocaCola’s dividend payout ratio (DPR) is currently 81.60%.

CocaCola 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.