Robeco Institutional Asset Management B.V. Sells 288,534 Shares of The Coca-Cola Company (NYSE:KO)

Robeco Institutional Asset Management B.V. cut its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 18.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,292,472 shares of the company's stock after selling 288,534 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Coca-Cola were worth $80,469,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Coca-Cola during the fourth quarter worth about $144,000. Mayflower Financial Advisors LLC increased its holdings in Coca-Cola by 5.4% during the 4th quarter. Mayflower Financial Advisors LLC now owns 23,991 shares of the company's stock valued at $1,494,000 after purchasing an additional 1,225 shares during the period. BSW Wealth Partners increased its holdings in Coca-Cola by 2.6% during the 4th quarter. BSW Wealth Partners now owns 30,169 shares of the company's stock valued at $1,878,000 after purchasing an additional 770 shares during the period. Patriot Financial Group Insurance Agency LLC increased its holdings in Coca-Cola by 7.4% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 15,874 shares of the company's stock valued at $988,000 after purchasing an additional 1,096 shares during the period. Finally, Stonegate Investment Group LLC increased its holdings in Coca-Cola by 2.1% during the 4th quarter. Stonegate Investment Group LLC now owns 240,433 shares of the company's stock valued at $14,969,000 after purchasing an additional 4,965 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KO shares. JPMorgan Chase & Co. reduced their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday. Wells Fargo & Company reduced their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Morgan Stanley reduced their target price on Coca-Cola from $78.00 to $76.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a "hold" rating to a "buy" rating and upped their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, Truist Financial upped their target price on Coca-Cola from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $72.13.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 342,546 shares of the company's stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.97% of the stock is currently owned by insiders.

Coca-Cola Stock Up 1.9 %

Shares of KO traded up $1.22 during mid-day trading on Thursday, reaching $64.05. The company had a trading volume of 13,168,449 shares, compared to its average volume of 16,385,412. The company has a market capitalization of $275.90 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The firm has a 50-day moving average price of $62.65 and a 200 day moving average price of $66.38.

Coca-Cola 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.