Bedrijfstakpensioenfonds Voor DE Media PNO Makes New Investment in The Coca-Cola Co (NYSE:KO)

Bedrijfstakpensioenfonds Voor DE Media PNO bought a new stake in shares of The Coca-Cola Co (NYSE:KO) during the third quarter, Holdings Channel reports. The fund bought 238,000 shares of the company’s stock, valued at approximately $11,885,000. The Coca-Cola accounts for 2.0% of Bedrijfstakpensioenfonds Voor DE Media PNO’s investment portfolio, making the stock its 23rd largest holding.

Several other large investors have also bought and sold shares of KO. Westside Investment Management Inc. acquired a new position in shares of The Coca-Cola during the second quarter worth $140,000. ZWJ Investment Counsel Inc. boosted its holdings in The Coca-Cola by 1.5% in the second quarter. ZWJ Investment Counsel Inc. now owns 1,236,500 shares of the company’s stock worth $62,963,000 after acquiring an additional 18,127 shares in the last quarter. Zeke Capital Advisors LLC grew its stake in shares of The Coca-Cola by 7.8% during the second quarter. Zeke Capital Advisors LLC now owns 24,164 shares of the company’s stock worth $1,230,000 after acquiring an additional 1,744 shares during the last quarter. Hyman Charles D grew its stake in shares of The Coca-Cola by 3.3% during the second quarter. Hyman Charles D now owns 198,522 shares of the company’s stock worth $10,109,000 after acquiring an additional 6,296 shares during the last quarter. Finally, Claro Advisors LLC increased its holdings in shares of The Coca-Cola by 4.0% during the second quarter. Claro Advisors LLC now owns 11,445 shares of the company’s stock valued at $583,000 after acquiring an additional 435 shares in the last quarter. Institutional investors and hedge funds own 67.55% of the company’s stock.

Shares of NYSE KO traded down $0.20 during trading on Tuesday, reaching $53.55. 3,691,273 shares of the company traded hands, compared to its average volume of 10,821,057. The stock has a market cap of $228.79 billion, a P/E ratio of 25.75, a PEG ratio of 3.72 and a beta of 0.43. The firm’s fifty day simple moving average is $53.37 and its 200 day simple moving average is $52.78. The company has a current ratio of 0.92, a quick ratio of 0.79 and a debt-to-equity ratio of 1.50. The Coca-Cola Co has a 12-month low of $44.42 and a 12-month high of $55.92.

The Coca-Cola (NYSE:KO) last issued its earnings results on Friday, October 18th. The company reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. The firm had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.42 billion. The Coca-Cola had a return on equity of 45.21% and a net margin of 22.41%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share. As a group, research analysts expect that The Coca-Cola Co will post 2.1 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, November 29th. The Coca-Cola’s payout ratio is presently 76.92%.

A number of research firms have issued reports on KO. Morgan Stanley reaffirmed a “buy” rating and issued a $60.00 price target on shares of The Coca-Cola in a report on Tuesday, October 29th. Wells Fargo & Co set a $60.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a report on Monday, October 21st. Evercore ISI restated a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a research note on Sunday, November 17th. UBS Group raised The Coca-Cola from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $55.00 to $63.00 in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. set a $59.00 price target on The Coca-Cola and gave the company a “neutral” rating in a research note on Friday, October 18th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The Coca-Cola presently has a consensus rating of “Buy” and an average target price of $56.15.

In other news, COO Brian John Smith sold 60,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $54.87, for a total transaction of $3,292,200.00. Following the sale, the chief operating officer now directly owns 174,302 shares of the company’s stock, valued at approximately $9,563,950.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Nancy Quan sold 24,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.90, for a total value of $1,293,600.00. Following the sale, the senior vice president now owns 189,049 shares in the company, valued at $10,189,741.10. The disclosure for this sale can be found here. Insiders sold 233,026 shares of company stock valued at $12,801,826 over the last three months. 1.33% of the stock is currently owned by corporate insiders.

The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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