B. Metzler seel. Sohn & Co. Holding AG Invests $269.38 Million in The Coca-Cola Company (NYSE:KO)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of The Coca-Cola Company (NYSE:KO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,748,703 shares of the company’s stock, valued at approximately $269,382,000. Coca-Cola makes up 2.7% of B. Metzler seel. Sohn & Co. Holding AG’s holdings, making the stock its 8th largest position. B. Metzler seel. Sohn & Co. Holding AG owned about 0.09% of Coca-Cola as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in shares of Coca-Cola by 0.9% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 115,123 shares of the company’s stock valued at $8,273,000 after purchasing an additional 1,047 shares in the last quarter. First City Capital Management Inc. increased its holdings in shares of Coca-Cola by 0.7% in the third quarter. First City Capital Management Inc. now owns 97,635 shares of the company’s stock valued at $7,016,000 after purchasing an additional 633 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Coca-Cola by 16.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 93,694 shares of the company’s stock valued at $6,733,000 after purchasing an additional 13,509 shares in the last quarter. Wrapmanager Inc. increased its holdings in shares of Coca-Cola by 6.1% in the third quarter. Wrapmanager Inc. now owns 15,035 shares of the company’s stock valued at $1,080,000 after purchasing an additional 860 shares in the last quarter. Finally, BIP Wealth LLC increased its holdings in shares of Coca-Cola by 17.1% in the third quarter. BIP Wealth LLC now owns 40,426 shares of the company’s stock valued at $2,905,000 after purchasing an additional 5,913 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.2 %

KO opened at $61.85 on Tuesday. The stock has a market capitalization of $266.44 billion, a P/E ratio of 25.56, a P/E/G ratio of 3.75 and a beta of 0.61. The Coca-Cola Company has a 12 month low of $56.96 and a 12 month high of $73.53. The firm’s fifty day simple moving average is $68.43 and its 200 day simple moving average is $66.54. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. The business had revenue of $11.85 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. As a group, research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.485 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 3.14%. Coca-Cola’s dividend payout ratio is currently 80.17%.

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 102,533 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the sale, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at $30,987,070.92. The trade was a 18.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Lisa Chang sold 40,334 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $69.54, for a total transaction of $2,804,826.36. Following the sale, the executive vice president now directly owns 74,067 shares in the company, valued at $5,150,619.18. This trade represents a 35.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 303,748 shares of company stock valued at $20,677,431. 0.97% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Citigroup raised their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Cfra reaffirmed a “hold” rating on shares of Coca-Cola in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Truist Financial raised their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley reduced their price objective on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.36.

Coca-Cola Company 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.