Czech National Bank Has $66.99 Million Stock Holdings in CocaCola Company (The) $KO

Key Points

• The Czech National Bank increased its stake in CocaCola Company by 6.5% during the second quarter, holding 946,845 shares valued at approximately $66.99 million.
• CocaCola reported earnings of $0.87 EPS for the last quarter, exceeding estimates, with a revenue of $12.50 billion, a 2.5% year-over-year increase.
• The company declared a quarterly dividend of $0.51 per share, with a dividend yield of 3.1%, set to be paid on October 1st.

Czech National Bank increased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 6.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 946,845 shares of the company's stock after buying an additional 57,595 shares during the quarter. Czech National Bank's holdings in CocaCola were worth $66,989,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. New Republic Capital LLC raised its stake in shares of CocaCola by 1.6% in the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock worth $625,000 after buying an additional 139 shares in the last quarter. Alteri Wealth LLC lifted its holdings in CocaCola by 2.1% in the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock valued at $492,000 after acquiring an additional 140 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position in shares of CocaCola by 0.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after purchasing an additional 143 shares in the last quarter. MBA Advisors LLC grew its stake in shares of CocaCola by 1.2% in the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock worth $891,000 after purchasing an additional 143 shares during the last quarter. Finally, BXM Wealth LLC raised its holdings in shares of CocaCola by 4.3% in the 1st quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock worth $253,000 after purchasing an additional 144 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

CocaCola Stock Down 0.9%

NYSE KO traded down $0.61 on Thursday, reaching $66.43. The stock had a trading volume of 17,201,739 shares, compared to its average volume of 16,937,809. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The business has a 50 day moving average price of $69.07 and a 200 day moving average price of $70.28. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $285.89 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 3.45 and a beta of 0.43.

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

CocaCola Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target 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 reaffirmed an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. 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. Finally, UBS Group reduced their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Two equities 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, the stock currently has a consensus rating of "Buy" and an average price target of $76.93.

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.