Natixis Grows Stock Position in The Coca-Cola Company (NYSE:KO)

Natixis boosted its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 897.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,356,125 shares of the company's stock after buying an additional 1,220,150 shares during the period. Coca-Cola makes up approximately 0.5% of Natixis' holdings, making the stock its 26th largest holding. Natixis' holdings in Coca-Cola were worth $84,432,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KO. Norinchukin Bank The raised its holdings in shares of Coca-Cola by 11.1% in the fourth quarter. Norinchukin Bank The now owns 196,098 shares of the company's stock worth $12,209,000 after buying an additional 19,601 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in Coca-Cola by 6.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,738,513 shares of the company's stock worth $108,240,000 after purchasing an additional 110,828 shares during the period. BOS Asset Management LLC lifted its position in shares of Coca-Cola by 10.2% during the fourth quarter. BOS Asset Management LLC now owns 3,486 shares of the company's stock worth $217,000 after purchasing an additional 323 shares during the last quarter. Capital International Inc. CA boosted its stake in shares of Coca-Cola by 55.9% during the fourth quarter. Capital International Inc. CA now owns 215,080 shares of the company's stock valued at $13,391,000 after purchasing an additional 77,144 shares during the period. Finally, Capital Research Global Investors grew its holdings in shares of Coca-Cola by 119.0% in the fourth quarter. Capital Research Global Investors now owns 9,458,248 shares of the company's stock worth $588,871,000 after purchasing an additional 5,139,352 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, COO Henrique Braun sold 25,277 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the transaction, the chief operating officer now owns 52,466 shares in the company, valued at approximately $3,749,745.02. This represents a 32.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 313,423 shares of company stock valued at $22,263,071. 0.97% of the stock is owned by company insiders.

Analyst Ratings Changes

KO has been the subject of a number of research reports. Evercore ISI upped their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. TD Cowen raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research report on Wednesday, January 8th. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research report on Thursday, February 13th. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and lifted their target price for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Finally, Piper Sandler increased their price target on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $74.59.

Coca-Cola Stock Performance

Shares of Coca-Cola stock traded up $1.31 on Friday, reaching $72.99. 20,745,798 shares of the stock were exchanged, compared to its average volume of 15,385,871. The Coca-Cola Company has a twelve month low of $59.72 and a twelve month high of $73.95. The business has a 50 day moving average price of $70.39 and a two-hundred day moving average price of $66.36. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $314.13 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 3.79 and a beta of 0.45.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 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%. Analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.51 per share. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Friday, March 14th. Coca-Cola's dividend payout ratio (DPR) is currently 82.59%.

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.