Natixis Advisors LLC Has $174.81 Million Position in The Coca-Cola Company (NYSE:KO)

Natixis Advisors LLC boosted its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,807,718 shares of the company's stock after purchasing an additional 67,392 shares during the period. Natixis Advisors LLC owned approximately 0.07% of Coca-Cola worth $174,809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KO. Mainstream Capital Management LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth approximately $31,000. Retirement Wealth Solutions LLC acquired a new position in Coca-Cola during the 4th quarter worth $37,000. MilWealth Group LLC bought a new stake in shares of Coca-Cola in the 4th quarter worth about $40,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Coca-Cola in the 3rd quarter valued at about $43,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of Coca-Cola during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Buying and Selling

In other Coca-Cola news, EVP Lisa Chang sold 13,445 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total value of $961,317.50. Following the transaction, the executive vice president now owns 94,676 shares of the company's stock, valued at approximately $6,769,334. This represents a 12.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Henrique Braun sold 25,277 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total value of $1,806,547.19. Following the sale, the chief operating officer now directly owns 52,466 shares of the company's stock, valued at approximately $3,749,745.02. This represents a 32.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 313,423 shares of company stock valued at $22,263,071 over the last three months. Company insiders own 0.97% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently weighed in on the company. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a report on Thursday, February 13th. Barclays upped their price target on Coca-Cola from $66.00 to $73.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Morgan Stanley lifted their price objective on shares of 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 raised shares of Coca-Cola from a "hold" rating to a "buy" rating and increased their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Coca-Cola has a consensus rating of "Moderate Buy" and an average price target of $74.24.

Coca-Cola Price Performance

KO stock traded down $0.62 during trading on Tuesday, hitting $69.51. The company had a trading volume of 5,945,850 shares, compared to its average volume of 13,931,013. The firm has a market capitalization of $298.94 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 3.79 and a beta of 0.57. 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 business has a 50 day moving average of $66.37 and a 200 day moving average of $66.53. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53.

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

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.94%. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's dividend payout ratio (DPR) 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.