AG2R LA Mondiale Gestion D Actifs Purchases New Shares in CocaCola Company (The) $KO

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in CocaCola, purchasing 226,681 shares valued at approximately $16.34 million, making CocaCola the firm's 20th largest position.
• CocaCola recently reported earnings of $0.87 per share for its latest quarter, surpassing forecasts and indicating a 2.5% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.51 per share, with an annualized yield of 3.0%, set to be paid out on October 1st to investors of record.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 226,681 shares of the company's stock, valued at approximately $16,344,000. CocaCola makes up about 0.9% of AG2R LA Mondiale Gestion D Actifs' investment portfolio, making the stock its 20th largest position.

Other large investors also recently made changes to their positions in the company. Sage Financial Management Group Inc. bought a new position in shares of CocaCola during the first quarter valued at about $216,000. Cornerstone Wealth Management LLC lifted its position in shares of CocaCola by 3.3% during the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock valued at $8,686,000 after purchasing an additional 3,920 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CocaCola by 6.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company's stock valued at $2,212,300,000 after purchasing an additional 1,794,561 shares in the last quarter. Fosun International Ltd bought a new position in shares of CocaCola during the first quarter valued at about $216,000. Finally, Investors Research Corp lifted its position in shares of CocaCola by 21.5% during the first quarter. Investors Research Corp now owns 10,419 shares of the company's stock valued at $746,000 after purchasing an additional 1,846 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on KO shares. JPMorgan Chase & Co. lifted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. UBS Group lowered their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola presently has a consensus rating of "Buy" and a consensus price target of $76.93.

CocaCola Stock Performance

NYSE KO opened at $67.62 on Friday. The company's 50 day moving average is $69.38 and its 200-day moving average is $70.40. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The firm has a market cap of $291.01 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 3.53 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The company's quarterly revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Sell-side analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. CocaCola's dividend payout ratio is 72.34%.

Insider Transactions at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the sale, the insider owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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.

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