CocaCola Company (The) $KO Position Trimmed by BDF Gestion

Key Points

• BDF Gestion reduced its holdings in CocaCola Company by 9.8%, selling 10,139 shares during the 2nd quarter, bringing its total to 93,057 shares valued at approximately $6,584,000.
• Several large investors, including Nuveen LLC and Wellington Management Group, have recently made significant adjustments to their positions in CocaCola, indicating a mixed sentiment among institutional investors.
• CocaCola's most recent earnings report showed an EPS of $0.87, exceeding estimates, with the company forecasting 2.96 EPS for the current year and a quarterly dividend of $0.51 per share.

BDF Gestion lessened its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 9.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,057 shares of the company's stock after selling 10,139 shares during the period. CocaCola comprises 0.7% of BDF Gestion's investment portfolio, making the stock its 26th biggest holding. BDF Gestion's holdings in CocaCola were worth $6,584,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola in the first quarter worth $25,000. 1248 Management LLC acquired a new position in CocaCola during the first quarter worth $26,000. Garde Capital Inc. bought a new stake in shares of CocaCola during the first quarter worth $30,000. Mizuho Securities Co. Ltd. lifted its stake in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after buying an additional 360 shares during the period. Finally, Ridgewood Investments LLC raised its position in shares of CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after purchasing an additional 285 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Morgan Stanley reiterated an "overweight" rating and set a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. UBS Group reduced their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Finally, Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to data from MarketBeat.com, CocaCola has an average rating of "Buy" and an average price target of $76.93.

Insider Activity at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the transaction, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.90% of the stock is owned by insiders.

CocaCola Stock Up 0.1%

KO traded up $0.06 during mid-day trading on Friday, reaching $66.52. 31,087,715 shares of the stock were exchanged, compared to its average volume of 17,977,178. The company has a 50 day moving average price of $68.93 and a two-hundred day moving average price of $70.22. 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 stock has a market capitalization of $286.28 billion, a PE ratio of 23.59, a price-to-earnings-growth 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 quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS 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 the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, research analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio is 72.34%.

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.