CocaCola Company (The) $KO Shares Purchased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its shares in CocaCola by 20.5%, owning 3,443,370 shares valued at $246.6 million as of its latest filing.
• CocaCola reported $0.87 earnings per share (EPS) for the last quarter, exceeding estimates and marking a 2.5% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.51, which will be paid on October 1st, reflecting a 3.0% dividend yield.

Voya Investment Management LLC lifted its position in CocaCola Company (The) (NYSE:KO - Free Report) by 20.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,443,370 shares of the company's stock after acquiring an additional 586,937 shares during the period. Voya Investment Management LLC owned 0.08% of CocaCola worth $246,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in KO. MorganRosel Wealth Management LLC acquired a new position in CocaCola during the first quarter worth $25,000. 1248 Management LLC acquired a new position in CocaCola during the first quarter worth $26,000. Garde Capital Inc. acquired a new position in CocaCola during the first quarter worth $30,000. Mizuho Securities Co. Ltd. boosted its stake 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. Finally, Ridgewood Investments LLC boosted its stake 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. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Stock Performance

Shares of CocaCola stock opened at $67.62 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The firm has a market cap of $291.01 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 3.53 and a beta of 0.43. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The business's fifty day simple moving average is $69.38 and its 200-day simple moving average is $70.40.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $12.50 billion for 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 previous year, the business earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, September 15th. CocaCola's payout ratio is currently 72.34%.

Analysts Set New Price Targets

A number of research firms have weighed in on KO. UBS Group lowered their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. boosted their price objective on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Finally, BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat, CocaCola presently has an average rating of "Buy" and an average target price of $76.93.

Insider Activity

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the sale, the insider owned 209,513 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 0.97% of the company's stock.

CocaCola Company 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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