Banque Transatlantique SA Increases Stock Holdings in CocaCola Company (The) $KO

Key Points

• Banque Transatlantique SA significantly increased its Coca-Cola holdings by 267.7%, acquiring an additional 195,966 shares, bringing their total to 269,168 shares valued at approximately $17.8 million.
• The Coca-Cola Company reported earnings of $0.87 per share for the last quarter, exceeding analysts' expectations of $0.83, along with a year-over-year revenue increase of 2.5%.
• Coca-Cola announced a quarterly dividend of $0.51 per share, representing a yield of 3.0%, reflecting a dividend payout ratio of 72.34%.

Banque Transatlantique SA lifted its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 267.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 269,168 shares of the company's stock after purchasing an additional 195,966 shares during the quarter. Banque Transatlantique SA's holdings in CocaCola were worth $17,815,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in CocaCola by 0.3% in the first quarter. Vanguard Group Inc. now owns 361,200,808 shares of the company's stock worth $25,869,202,000 after purchasing an additional 1,114,422 shares during the period. Wellington Management Group LLP boosted its holdings in CocaCola by 52.7% in the first quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock worth $3,398,185,000 after acquiring an additional 16,383,870 shares in the last quarter. Amundi boosted its holdings in CocaCola by 16.0% in the first quarter. Amundi now owns 21,236,315 shares of the company's stock worth $1,554,074,000 after acquiring an additional 2,922,619 shares in the last quarter. Nuveen LLC acquired a new stake in shares of CocaCola during the first quarter worth about $1,508,657,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in CocaCola by 5.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,133,745 shares of the company's stock valued at $1,155,499,000 after acquiring an additional 866,773 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. boosted their price target on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. BNP Paribas restated an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Finally, UBS Group dropped their target price on CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. Based on data from MarketBeat, CocaCola currently has an average rating of "Buy" and a consensus price target of $77.21.

CocaCola Stock Down 0.4%

KO stock traded down $0.31 during mid-day trading on Friday, reaching $67.95. The company had a trading volume of 23,968,643 shares, compared to its average volume of 14,052,755. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a market capitalization of $292.41 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 3.55 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The firm has a fifty day simple moving average of $69.65 and a 200 day simple moving average of $70.48.

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

CocaCola Announces Dividend

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

Insider Transactions at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm'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 in the company, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.97% 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.