CocaCola Company (The) $KO Shares Purchased by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its holdings in CocaCola by 4.8% in Q1, acquiring an additional 178,613 shares, making it the company's 9th largest holder.
• CocaCola reported $0.87 earnings per share, surpassing analysts' expectations of $0.83, with a net margin of 25.89% and revenue of $12.50 billion for the quarter.
• The company has announced a quarterly dividend of $0.51 per share, indicating a dividend yield of 3.0%, payable to stockholders on October 1st.

B. Metzler seel. Sohn & Co. AG boosted its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 4.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,929,401 shares of the company's stock after buying an additional 178,613 shares during the period. CocaCola accounts for 2.9% of B. Metzler seel. Sohn & Co. AG's investment portfolio, making the stock its 9th largest position. B. Metzler seel. Sohn & Co. AG owned 0.09% of CocaCola worth $281,424,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sage Financial Management Group Inc. purchased a new position in CocaCola during the 1st quarter worth approximately $216,000. Voleon Capital Management LP purchased a new position in CocaCola during the 4th quarter worth approximately $2,513,000. Cornerstone Wealth Management LLC lifted its position in CocaCola by 3.3% during the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock worth $8,686,000 after acquiring an additional 3,920 shares during the period. Clark Capital Management Group Inc. grew its stake in shares of CocaCola by 31.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company's stock valued at $52,851,000 after purchasing an additional 204,681 shares during the last quarter. Finally, Fosun International Ltd purchased a new position in shares of CocaCola in the 1st quarter valued at approximately $216,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on KO. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. UBS Group lowered their price objective on CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. BNP Paribas reissued an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price target on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $77.21.

CocaCola Price Performance

KO traded up $0.65 during trading on Friday, reaching $69.01. The stock had a trading volume of 14,595,565 shares, compared to its average volume of 16,733,939. The firm has a market capitalization of $297.00 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 3.58 and a beta of 0.44. 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 Company has a 1-year low of $60.62 and a 1-year high of $74.38. The stock has a 50 day moving average of $69.78 and a two-hundred day moving average of $70.48.

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

CocaCola Announces Dividend

The firm 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. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

Insider Activity

In related news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.