CocaCola Company (The) $KO Position Raised by Biglari Sardar

Key Points

• Biglari Sardar increased its stake in Coca-Cola by 3.9%, owning 112,664 shares, which represent 18.3% of the fund's holdings, valued at approximately $8.07 million.
• Several institutional investors have also made moves, with 70.26% of Coca-Cola's stock now owned by institutions, including a notable increase of 31.8% by Clark Capital Management.
• Coca-Cola recently declared a quarterly dividend of $0.51 per share, representing an annualized yield of 3.0%, and set a FY 2025 EPS guidance of $2.97.

Biglari Sardar increased its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,664 shares of the company's stock after buying an additional 4,219 shares during the quarter. CocaCola comprises approximately 18.3% of Biglari Sardar's investment portfolio, making the stock its 2nd largest holding. Biglari Sardar's holdings in CocaCola were worth $8,069,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MorganRosel Wealth Management LLC purchased a new position in CocaCola in the 1st quarter valued at $25,000. Garde Capital Inc. acquired a new position in shares of CocaCola during the first quarter worth about $30,000. Mizuho Securities Co. Ltd. boosted its holdings 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 purchasing an additional 360 shares in the last quarter. Ridgewood Investments LLC lifted its stake in CocaCola by 148.4% in the first 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 last quarter. Finally, REAP Financial Group LLC raised its position in CocaCola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after acquiring an additional 208 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Stock Performance

Shares of KO traded down $0.31 during mid-day trading on Friday, reaching $67.95. The company's stock had a trading volume of 23,960,314 shares, compared to its average volume of 16,921,014. The stock has a market cap of $292.41 billion, a P/E ratio of 24.09, a PEG ratio of 3.59 and a beta of 0.43. The business has a 50-day simple moving average of $69.70 and a two-hundred day simple moving average of $70.49. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. 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 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 company had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $12.55 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. CocaCola's revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

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

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction dated 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 completion of the sale, the insider owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KO shares. BNP Paribas reissued an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. Morgan Stanley restated an "overweight" rating and set 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 objective on CocaCola and gave the company 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. Finally, UBS Group reduced their target price on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $77.21.

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.