The Coca-Cola Co (KO) Stake Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in The Coca-Cola Co (NYSE:KO) by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,496,714 shares of the company’s stock after buying an additional 68,058 shares during the quarter. The Coca-Cola accounts for 0.6% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 27th largest position. Robeco Institutional Asset Management B.V. owned about 0.08% of The Coca-Cola worth $161,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WP Advisors LLC purchased a new stake in shares of The Coca-Cola during the second quarter worth approximately $107,000. Westbourne Investment Advisors Inc. acquired a new position in The Coca-Cola during the third quarter worth $117,000. Signature Estate & Investment Advisors LLC acquired a new position in The Coca-Cola during the second quarter worth $116,000. Fort L.P. acquired a new position in The Coca-Cola during the second quarter worth $122,000. Finally, Sageworth Trust Co boosted its stake in The Coca-Cola by 69.5% during the third quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock worth $135,000 after buying an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 65.45% of the company’s stock.

Shares of The Coca-Cola stock opened at $49.68 on Friday. The Coca-Cola Co has a 52 week low of $41.45 and a 52 week high of $49.89. The firm has a market capitalization of $210.61 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 3.23 and a beta of 0.60. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The business had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.20 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The company’s quarterly revenue was down 9.2% on a year-over-year basis. Equities analysts forecast that The Coca-Cola Co will post 2.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.39 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.56 annualized dividend and a dividend yield of 3.14%. The Coca-Cola’s dividend payout ratio is presently 81.68%.

In related news, SVP Francisco Crespo sold 54,200 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $48.50, for a total value of $2,628,700.00. Following the sale, the senior vice president now owns 96,026 shares in the company, valued at approximately $4,657,261. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total value of $479,800.00. Following the completion of the sale, the senior vice president now owns 92,645 shares in the company, valued at approximately $4,445,107.10. The disclosure for this sale can be found here. Insiders sold a total of 176,354 shares of company stock worth $8,559,188 in the last quarter. Company insiders own 1.48% of the company’s stock.

A number of research firms have weighed in on KO. HSBC set a $61.00 price objective on The Coca-Cola and gave the stock a “buy” rating in a research note on Thursday, September 27th. Jefferies Financial Group set a $48.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, September 6th. Morgan Stanley set a $49.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research note on Wednesday, September 26th. Guggenheim began coverage on The Coca-Cola in a research note on Thursday, September 13th. They set a “buy” rating and a $51.00 price objective on the stock. Finally, Bank of America reissued a “buy” rating and set a $52.00 price objective on shares of The Coca-Cola in a research note on Tuesday, October 30th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $51.43.

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The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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