Mn Services Vermogensbeheer B.V. Purchases 33,800 Shares of The Coca-Cola Company (NYSE:KO)

Mn Services Vermogensbeheer B.V. raised its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,622,368 shares of the company's stock after purchasing an additional 33,800 shares during the period. Coca-Cola makes up approximately 0.7% of Mn Services Vermogensbeheer B.V.'s holdings, making the stock its 22nd biggest position. Mn Services Vermogensbeheer B.V.'s holdings in Coca-Cola were worth $101,009,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KO. Wells Trecaso Financial Group LLC increased its position in shares of Coca-Cola by 4.8% during the 4th quarter. Wells Trecaso Financial Group LLC now owns 3,616 shares of the company's stock valued at $225,000 after purchasing an additional 164 shares during the last quarter. Atlas Brown Inc. increased its holdings in Coca-Cola by 0.8% in the 4th quarter. Atlas Brown Inc. now owns 21,024 shares of the company's stock worth $1,309,000 after acquiring an additional 166 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in Coca-Cola by 0.4% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 39,198 shares of the company's stock worth $2,440,000 after acquiring an additional 169 shares during the last quarter. Great Diamond Partners LLC increased its holdings in Coca-Cola by 1.7% in the 4th quarter. Great Diamond Partners LLC now owns 10,314 shares of the company's stock worth $642,000 after acquiring an additional 169 shares during the last quarter. Finally, Wallace Advisory Group LLC increased its holdings in Coca-Cola by 2.3% in the 4th quarter. Wallace Advisory Group LLC now owns 7,513 shares of the company's stock worth $468,000 after acquiring an additional 172 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KO shares. Morgan Stanley lifted their price objective on Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a "hold" rating to a "buy" rating and raised their target price for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Piper Sandler cut their target price on Coca-Cola from $74.00 to $73.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. UBS Group raised their target price on Coca-Cola from $72.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Finally, TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $73.82.

Insiders Place Their Bets

In other news, insider Bruno Pietracci sold 19,058 shares of the 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 accessible through the SEC website. Also, EVP Lisa Chang sold 13,445 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total value of $961,317.50. Following the sale, the executive vice president now directly owns 94,676 shares of the company's stock, valued at approximately $6,769,334. This trade represents a 12.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 232,646 shares of company stock valued at $16,515,469 over the last quarter. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Price Performance

Shares of NYSE KO traded up $0.13 during midday trading on Thursday, hitting $70.93. 16,780,602 shares of the company's stock were exchanged, compared to its average volume of 17,036,717. The company has a market cap of $305.06 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 3.79 and a beta of 0.61. The business's fifty day moving average price is $64.36 and its two-hundred day moving average price is $66.50. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53.

Coca-Cola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. As a group, research analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.88%. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's dividend payout ratio is currently 82.59%.

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.