CocaCola Company (The) $KO Shares Bought by Chesley Taft & Associates LLC

Key Points

• Chesley Taft & Associates LLC increased its stake in CocaCola by 4.6%, owning 280,305 shares now valued at approximately $19.83 million as of the latest SEC filing.
• CocaCola reported a quarterly EPS of $0.87, exceeding estimates, and generated $12.50 billion in revenue, marking a 2.5% increase year-over-year.
• The company recently announced a quarterly dividend of $0.51 per share, which translates to an annualized yield of 3.1%, with an ex-dividend date set for September 15th.

Chesley Taft & Associates LLC lifted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 4.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 280,305 shares of the company's stock after purchasing an additional 12,307 shares during the period. Chesley Taft & Associates LLC's holdings in CocaCola were worth $19,832,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of CocaCola in the 1st quarter valued at $1,508,657,000. Wellington Management Group LLP boosted its stake in CocaCola by 52.7% during the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock worth $3,398,185,000 after purchasing an additional 16,383,870 shares during the period. Boston Partners purchased a new position in CocaCola during the 1st quarter worth $642,183,000. GAMMA Investing LLC increased its stake in CocaCola by 8,419.4% in the first quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company's stock valued at $426,927,000 after purchasing an additional 5,891,034 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of CocaCola by 47.4% in the first quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company's stock valued at $848,315,000 after buying an additional 3,810,752 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Stock Up 0.1%

Shares of NYSE:KO opened at $66.27 on Wednesday. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The stock's 50-day moving average price is $69.12 and its two-hundred day moving average price is $70.30. The firm has a market cap of $285.20 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 3.45 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The firm had revenue of $12.50 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, research analysts forecast 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 given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio is 72.34%.

Insider Activity

In other news, 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 transaction, the insider owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. 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. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. UBS Group lowered their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Finally, BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price objective 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 issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.

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