CocaCola Company (The) $KO Shares Acquired by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in CocaCola by 6.5% during the first quarter, bringing its total shares owned to approximately 3.47 million, valued at $248.7 million.
• CocaCola's latest quarterly earnings showed an EPS of $0.87, surpassing estimates, with a net margin of 25.89% and revenue of $12.5 billion, a 2.5% year-over-year increase.
• The firm announced a quarterly dividend of $0.51 per share, representing an annualized yield of 2.9%, with the next payout scheduled for October 1st.

Caisse DE Depot ET Placement DU Quebec increased its position in CocaCola Company (The) (NYSE:KO - Free Report) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,472,796 shares of the company's stock after acquiring an additional 210,486 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.08% of CocaCola worth $248,722,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola in the 1st quarter worth about $25,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the 1st quarter worth about $30,000. Mizuho Securities Co. Ltd. increased its stake in CocaCola by 360.0% during the 1st 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. Ridgewood Investments LLC increased its stake in CocaCola by 148.4% during the 1st 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 period. Finally, REAP Financial Group LLC increased its stake in CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after buying an additional 208 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Trading Down 0.8%

Shares of CocaCola stock opened at $70.0840 on Monday. The firm has a market capitalization of $301.62 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 3.65 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. The company's fifty day moving average price is $69.85 and its two-hundred day moving average price is $70.45. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. 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 company earned $0.84 EPS. The firm's quarterly revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research firms have commented on KO. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. UBS Group lowered their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Morgan Stanley reissued an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Finally, BNP Paribas restated an "outperform" rating and set a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $77.21.

About CocaCola

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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