B. Metzler seel. Sohn & Co. Holding AG Acquires New Stake in The Coca-Cola Company (NYSE:KO)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,748,703 shares of the company's stock, valued at approximately $269,382,000. Coca-Cola comprises approximately 2.7% of B. Metzler seel. Sohn & Co. Holding AG's investment portfolio, making the stock its 8th largest holding. B. Metzler seel. Sohn & Co. Holding AG owned 0.09% of Coca-Cola at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Lake Street Advisors Group LLC raised its position in shares of Coca-Cola by 60.8% in the 1st quarter. Lake Street Advisors Group LLC now owns 26,361 shares of the company's stock worth $1,626,000 after acquiring an additional 9,968 shares in the last quarter. Ossiam lifted its position in Coca-Cola by 157.0% during the first quarter. Ossiam now owns 175,804 shares of the company's stock valued at $10,756,000 after buying an additional 107,393 shares during the period. Evermay Wealth Management LLC boosted its holdings in shares of Coca-Cola by 4.0% during the 1st quarter. Evermay Wealth Management LLC now owns 8,519 shares of the company's stock valued at $525,000 after buying an additional 329 shares in the last quarter. Elgethun Capital Management grew its position in shares of Coca-Cola by 7.3% in the 1st quarter. Elgethun Capital Management now owns 10,485 shares of the company's stock worth $638,000 after buying an additional 710 shares during the period. Finally, Crewe Advisors LLC bought a new position in shares of Coca-Cola in the 1st quarter worth about $169,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Coca-Cola Stock Performance

Shares of KO stock traded up $0.72 during trading hours on Tuesday, reaching $62.58. 16,247,853 shares of the company traded hands, compared to its average volume of 13,388,878. The firm has a 50-day moving average price of $68.43 and a 200 day moving average price of $66.54. The company has a market cap of $269.58 billion, a P/E ratio of 25.62, a P/E/G ratio of 3.75 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The Coca-Cola Company has a 12-month low of $56.96 and a 12-month high of $73.53.

Coca-Cola (NYSE:KO - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The company had revenue of $11.85 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period last year, the company posted $0.74 earnings per share. Coca-Cola's quarterly revenue was down .8% on a year-over-year basis. As a group, sell-side analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, November 29th. Coca-Cola's dividend payout ratio is presently 80.17%.

Insider Activity at Coca-Cola

In other news, EVP Nancy Quan sold 18,484 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now owns 223,330 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, CEO James Quincey sold 100,000 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the sale, the chief executive officer now owns 342,546 shares of the company's stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 303,748 shares of company stock valued at $20,677,431 over the last 90 days. 0.97% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KO shares. Royal Bank of Canada upped their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an "outperform" rating in a report on Wednesday, July 24th. Truist Financial increased their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Citigroup upped their price objective on Coca-Cola from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Wells Fargo & Company boosted their price target on Coca-Cola from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. Finally, Cfra reaffirmed a "hold" rating on shares of Coca-Cola in a research report on Thursday, September 5th. Four equities research 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. Based on data from MarketBeat.com, Coca-Cola presently has an average rating of "Moderate Buy" and an average target price of $72.36.

About Coca-Cola

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.