MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Holdings in CocaCola Company (The) $KO

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CocaCola by 13.6%, acquiring additional shares worth approximately $34.9 million.
• CocaCola reported a quarterly EPS of $0.87, beating analysts' estimates, with revenues slightly below consensus at $12.50 billion.
• The company announced a quarterly dividend of $0.51 per share, translating to an annualized yield of 3.0%, with an ex-dividend date of September 15th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 13.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 487,991 shares of the company's stock after buying an additional 58,543 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in CocaCola were worth $34,946,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new stake in CocaCola during the first quarter worth about $25,000. Garde Capital Inc. purchased a new stake in CocaCola during the first quarter worth about $30,000. Mizuho Securities Co. Ltd. increased its holdings in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after buying an additional 360 shares during the last quarter. Ridgewood Investments LLC increased its holdings in CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after buying an additional 285 shares during the last quarter. Finally, Moser Wealth Advisors LLC increased its holdings in CocaCola by 449.5% during the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after buying an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Price Performance

NYSE:KO traded down $0.53 during mid-day trading on Friday, hitting $67.09. 7,191,248 shares of the stock traded hands, compared to its average volume of 16,858,178. The business's 50-day moving average price is $69.38 and its 200 day moving average price is $70.40. The company has a market cap of $288.72 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 3.53 and a beta of 0.43. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. CocaCola's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. 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 fiscal year.

CocaCola Announces Dividend

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 paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's payout ratio is currently 72.34%.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider owned 209,513 shares of the company's stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KO. Morgan Stanley restated an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. UBS Group reduced their target price on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday. BNP Paribas reiterated an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, 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 note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price 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.