CocaCola Company (The) $KO Shares Purchased by Boston Partners

Boston Partners grew its holdings in shares of CocaCola Company (The) (NYSE:KO) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,985,344 shares of the company’s stock after purchasing an additional 33,578 shares during the quarter. Boston Partners owned approximately 0.21% of CocaCola worth $634,918,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Richmond Investment Services LLC boosted its position in CocaCola by 129.1% during the second quarter. Richmond Investment Services LLC now owns 6,679 shares of the company’s stock worth $473,000 after acquiring an additional 3,764 shares during the last quarter. North Star Asset Management Inc. lifted its stake in CocaCola by 3.0% in the 2nd quarter. North Star Asset Management Inc. now owns 28,205 shares of the company’s stock worth $1,996,000 after purchasing an additional 833 shares in the last quarter. SlateStone Wealth LLC lifted its stake in CocaCola by 0.9% in the 2nd quarter. SlateStone Wealth LLC now owns 111,323 shares of the company’s stock worth $7,876,000 after purchasing an additional 1,025 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its holdings in shares of CocaCola by 9.4% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 476,669 shares of the company’s stock worth $33,724,000 after purchasing an additional 40,778 shares during the last quarter. Finally, Laurel Wealth Advisors LLC grew its position in shares of CocaCola by 7,239.2% in the second quarter. Laurel Wealth Advisors LLC now owns 6,149,632 shares of the company’s stock valued at $435,086,000 after purchasing an additional 6,065,840 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Price Performance

CocaCola stock opened at $72.58 on Wednesday. The company’s 50 day simple moving average is $68.65 and its 200-day simple moving average is $69.48. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a market capitalization of $312.20 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The firm had revenue of $11.40 billion during the quarter. As a group, equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, December 1st. CocaCola’s payout ratio is currently 67.55%.

Analyst Ratings Changes

A number of equities analysts recently commented on KO shares. Wells Fargo & Company lifted their price objective on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. TD Cowen upped their price objective on shares of CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, UBS Group cut their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $78.43.

Insider Activity

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of CocaCola stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $70.80, for a total value of $9,889,981.20. Following the completion of the transaction, the executive vice president directly owned 58,067 shares of the company’s stock, valued at $4,111,143.60. The trade was a 70.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the sale, the executive vice president owned 223,330 shares in the company, valued at $15,894,396.10. This trade represents a 12.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 225,252 shares of company stock worth $15,953,007 in the last quarter. Insiders own 0.97% of the company’s stock.

About CocaCola

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.