CocaCola Company (The) $KO Shares Bought by Sava Infond d.o.o.

Key Points

• Sava Infond d.o.o. increased its stake in CocaCola Company by 210.8% during the 2nd quarter, acquiring a total of 5,750 shares valued at approximately $407,000.
• CocaCola reported $0.87 earnings per share for the quarter ending July 22nd, exceeding analysts' expectations of $0.83, and revenues of $12.50 billion showed a 2.5% year-over-year increase.
• The company recently declared a $0.51 quarterly dividend with a 3.1% yield, and its stock is currently rated as a Buy by several analysts with an average target price of $76.93.

Sava Infond d.o.o. lifted its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 210.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,750 shares of the company's stock after purchasing an additional 3,900 shares during the period. Sava Infond d.o.o.'s holdings in CocaCola were worth $407,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after acquiring an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC increased its position in CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after acquiring an additional 293 shares during the period. Fermata Advisors LLC bought a new position in CocaCola during the first quarter worth $459,000. Retirement Planning Group LLC increased its position in CocaCola by 3.0% during the first quarter. Retirement Planning Group LLC now owns 12,393 shares of the company's stock worth $888,000 after acquiring an additional 359 shares during the period. Finally, Breakwater Capital Group increased its holdings in CocaCola by 4.6% in the 1st quarter. Breakwater Capital Group now owns 7,989 shares of the company's stock valued at $572,000 after buying an additional 354 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Stock Performance

CocaCola stock opened at $66.65 on Friday. The company has a market capitalization of $286.86 billion, a P/E ratio of 23.64, a P/E/G ratio of 3.45 and a beta of 0.43. The business has a 50 day moving average of $68.27 and a 200-day moving average of $69.94. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The business had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company'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 firm posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a dividend of $0.51 per share. The ex-dividend date was Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.1%. CocaCola's dividend payout ratio (DPR) is 72.34%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group lowered their target price on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. JPMorgan Chase & Co. raised their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company reduced their price objective on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of CocaCola in a research report on Saturday, September 27th. Finally, Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $76.93.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction on 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 sale, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.97% of the stock is owned by insiders.

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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