Natixis Advisors LLC Acquires 207,951 Shares of The Coca-Cola Company (NYSE:KO)

Natixis Advisors LLC increased its holdings in The Coca-Cola Company (NYSE:KO) by 8.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,740,326 shares of the company’s stock after buying an additional 207,951 shares during the period. Natixis Advisors LLC’s holdings in Coca-Cola were worth $196,920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. New Millennium Group LLC bought a new position in shares of Coca-Cola during the 2nd quarter worth approximately $26,000. Quarry LP purchased a new position in Coca-Cola in the second quarter worth $27,000. ESL Trust Services LLC acquired a new position in shares of Coca-Cola during the first quarter worth $28,000. Hara Capital LLC purchased a new stake in shares of Coca-Cola during the 3rd quarter valued at $35,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Coca-Cola in the third quarter worth about $36,000. Institutional investors own 70.26% of the company’s stock.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $15,968,095. The trade was a 7.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James Quincey sold 102,533 shares of Coca-Cola stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total value of $7,179,360.66. Following the completion of the sale, the chief executive officer now owns 442,546 shares in the company, valued at $30,987,070.92. This represents a 18.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 303,748 shares of company stock valued at $20,677,431. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Trading Down 1.3 %

Shares of NYSE:KO opened at $61.74 on Friday. The business has a 50 day moving average of $68.63 and a two-hundred day moving average of $66.48. The Coca-Cola Company has a 12-month low of $56.70 and a 12-month high of $73.53. The company has a market capitalization of $265.96 billion, a PE ratio of 25.51, a PEG ratio of 3.83 and a beta of 0.61. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share. As a group, analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.485 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 3.14%. Coca-Cola’s payout ratio is currently 80.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KO shares. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Cfra reaffirmed a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Truist Financial upped their target price on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley dropped their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.36.

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.