PGGM Investments Has $6.10 Million Holdings in The Coca-Cola Company (NYSE:KO)

PGGM Investments lessened its holdings in The Coca-Cola Company (NYSE:KO) by 44.9% during the second quarter, HoldingsChannel reports. The fund owned 95,756 shares of the company’s stock after selling 77,977 shares during the quarter. PGGM Investments’ holdings in Coca-Cola were worth $6,095,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC grew its position in Coca-Cola by 2,577.5% in the 2nd quarter. ORG Partners LLC now owns 4,873 shares of the company’s stock worth $309,000 after purchasing an additional 4,691 shares in the last quarter. Steele Capital Management Inc. bought a new stake in Coca-Cola in the 2nd quarter worth about $237,000. Howard Capital Management Group LLC grew its position in Coca-Cola by 1.4% in the 2nd quarter. Howard Capital Management Group LLC now owns 397,538 shares of the company’s stock worth $25,303,000 after purchasing an additional 5,657 shares in the last quarter. TRUE Private Wealth Advisors grew its position in Coca-Cola by 2.5% in the 2nd quarter. TRUE Private Wealth Advisors now owns 11,242 shares of the company’s stock worth $716,000 after purchasing an additional 270 shares in the last quarter. Finally, IVC Wealth Advisors LLC grew its position in shares of Coca-Cola by 2.0% during the 2nd quarter. IVC Wealth Advisors LLC now owns 12,894 shares of the company’s stock valued at $821,000 after acquiring an additional 251 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insiders Place Their Bets

In other Coca-Cola news, insider Bruno Pietracci sold 38,653 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $69.01, for a total value of $2,667,443.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Bruno Pietracci sold 38,653 shares of Coca-Cola stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $69.01, for a total transaction of $2,667,443.53. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lisa Chang sold 58,122 shares of Coca-Cola stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $68.51, for a total transaction of $3,981,938.22. Following the sale, the executive vice president now directly owns 74,067 shares in the company, valued at approximately $5,074,330.17. The disclosure for this sale can be found here. Insiders have sold a total of 871,162 shares of company stock valued at $571,697,887 in the last quarter. Insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on KO shares. Truist Financial increased their target price on shares of Coca-Cola from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. BNP Paribas started coverage on shares of Coca-Cola in a research report on Monday, June 24th. They set an “outperform” rating and a $72.00 target price for the company. Morgan Stanley increased their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, June 10th. Bank of America increased their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Citigroup increased their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.20.

Coca-Cola Trading Up 0.1 %

Shares of KO stock traded up $0.09 on Thursday, hitting $68.67. 3,944,818 shares of the company’s stock traded hands, compared to its average volume of 13,009,541. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The Coca-Cola Company has a one year low of $51.55 and a one year high of $69.67. The company’s fifty day simple moving average is $64.92 and its 200 day simple moving average is $62.26. The stock has a market capitalization of $295.83 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 3.80 and a beta of 0.59.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The company had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.78 billion. During the same quarter last year, the firm earned $0.78 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

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.