CocaCola Company (The) $KO is Infusive Asset Management Inc.'s 8th Largest Position

Key Points

• Infusive Asset Management Inc. has reduced its position in CocaCola by 20.3%, now holding 137,699 shares, making it the fund's 8th largest investment.
• CocaCola reported earnings of $0.87 per share for the quarter, surpassing analyst estimates of $0.83, with revenues reaching $12.50 billion.
• The company will pay a quarterly dividend of $0.51 on October 1st, representing an annualized yield of 3.0%.

Infusive Asset Management Inc. trimmed its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 20.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 137,699 shares of the company's stock after selling 35,168 shares during the quarter. CocaCola comprises about 4.6% of Infusive Asset Management Inc.'s investment portfolio, making the stock its 8th largest holding. Infusive Asset Management Inc.'s holdings in CocaCola were worth $9,862,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Clark Capital Management Group Inc. increased its holdings in shares of CocaCola by 89.3% during the first quarter. Clark Capital Management Group Inc. now owns 1,607,314 shares of the company's stock valued at $115,116,000 after acquiring an additional 758,446 shares in the last quarter. Banque Transatlantique SA increased its holdings in CocaCola by 267.7% in the 1st quarter. Banque Transatlantique SA now owns 269,168 shares of the company's stock worth $17,815,000 after buying an additional 195,966 shares during the period. Advisors Asset Management Inc. increased its holdings in CocaCola by 0.7% in the 1st quarter. Advisors Asset Management Inc. now owns 455,593 shares of the company's stock worth $32,630,000 after buying an additional 3,011 shares during the period. Ancora Advisors LLC increased its holdings in CocaCola by 10.1% in the 1st quarter. Ancora Advisors LLC now owns 39,018 shares of the company's stock worth $2,794,000 after buying an additional 3,564 shares during the period. Finally, Amundi increased its holdings in CocaCola by 16.0% in the 1st quarter. Amundi now owns 21,236,315 shares of the company's stock worth $1,554,074,000 after buying an additional 2,922,619 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Price Performance

CocaCola stock opened at $68.26 on Friday. The company's fifty day moving average price is $69.70 and its 200 day moving average price is $70.49. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The stock has a market capitalization of $293.78 billion, a P/E ratio of 24.21, a P/E/G ratio of 3.59 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.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The company 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 firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 EPS. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 yield of 3.0%. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

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. Insiders own 0.97% of the company's stock.

CocaCola 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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