Banco Bilbao Vizcaya Argentaria S.A. Sells 22,206 Shares of CocaCola Company (The) $KO

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in CocaCola by 15.6%, selling 22,206 shares and ending up with 120,369 shares valued at $8.6 million.
• CocaCola reported a Q2 EPS of $0.87, beating estimates, but revenue of $12.50 billion fell slightly short of analyst expectations.
• The company declared a quarterly dividend of $0.51 per share, with a dividend yield of 2.9% and a payout ratio of 72.34%.

Banco Bilbao Vizcaya Argentaria S.A. lowered its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 15.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,369 shares of the company's stock after selling 22,206 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in CocaCola were worth $8,617,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. New Republic Capital LLC boosted its stake in CocaCola by 1.6% during the first quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock worth $625,000 after acquiring an additional 139 shares in the last quarter. Alteri Wealth LLC lifted its stake in shares of CocaCola by 2.1% in the first quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock worth $492,000 after buying an additional 140 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its stake in shares of CocaCola by 0.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock worth $1,439,000 after buying an additional 143 shares in the last quarter. MBA Advisors LLC lifted its stake in shares of CocaCola by 1.2% in the first quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock worth $891,000 after buying an additional 143 shares in the last quarter. Finally, BXM Wealth LLC lifted its stake in shares of CocaCola by 4.3% in the first quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock worth $253,000 after buying an additional 144 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

CocaCola Price Performance

NYSE KO opened at $70.1050 on Wednesday. The business's fifty day moving average price is $69.92 and its 200-day moving average price is $70.24. The stock has a market capitalization of $301.71 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 3.60 and a beta of 0.44. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. 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 released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company's revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio is presently 72.34%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. BNP Paribas reiterated an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. UBS Group dropped their target price on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $77.21.

Insider Buying and Selling at CocaCola

In other CocaCola news, CEO James Quincey sold 266,403 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of the sale, the chief executive officer directly owned 275,946 shares of the company's stock, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the sale, the insider directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate 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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