ASR Vermogensbeheer N.V. Has $32.36 Million Holdings in CocaCola Company (The) $KO

Key Points

• ASR Vermogensbeheer N.V. increased its stake in CocaCola Company by 8.0%, acquiring a total of 457,468 shares valued at approximately $32.36 million.
• Analysts have mixed opinions on CocaCola's stock, with JPMorgan Chase raising its target price to $79.00 while UBS Group lowered theirs to $80.00.
• CocaCola announced a quarterly dividend of $0.51 per share, reflecting an annualized yield of 3.1%, with a payout ratio of 72.34%.

ASR Vermogensbeheer N.V. lifted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 8.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 457,468 shares of the company's stock after buying an additional 33,808 shares during the period. ASR Vermogensbeheer N.V.'s holdings in CocaCola were worth $32,364,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. MorganRosel Wealth Management LLC acquired a new stake in CocaCola during the 1st quarter valued at $25,000. 1248 Management LLC acquired a new stake in CocaCola during the 1st quarter valued at $26,000. Garde Capital Inc. acquired a new stake in CocaCola during the 1st quarter valued at $30,000. Mizuho Securities Co. Ltd. increased its holdings in CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC increased its stake in shares of CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after buying an additional 285 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KO shares. JPMorgan Chase & Co. lifted their target price on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group lowered their target price on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Wells Fargo & Company lowered their target price on CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, Morgan Stanley reissued an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. One research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $76.93.

CocaCola Stock Performance

KO stock opened at $66.75 on Thursday. The business's 50-day moving average price is $68.38 and its two-hundred day moving average price is $69.99. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The firm has a market cap of $287.25 billion, a PE ratio of 23.67, a P/E/G ratio of 3.46 and a beta of 0.43. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

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

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola's dividend payout ratio is presently 72.34%.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction that occurred on 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 transaction, the insider owned 209,513 shares of the company's stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is currently owned by company insiders.

CocaCola 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.

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