OMERS ADMINISTRATION Corp Has $12.72 Million Stock Holdings in CocaCola Company (The) $KO

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in CocaCola by 7.5% in Q1, now holding 177,649 shares worth approximately $12.7 million after selling 14,502 shares.
• Insider trades show CEO James Quincey sold 266,403 shares, while another insider sold 37,396 shares, significantly reducing their ownership percentages.
• The quarterly dividend for CocaCola is set at $0.51 per share, with an ex-dividend date on September 15, reflecting an annual yield of 3.0%.

OMERS ADMINISTRATION Corp reduced its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,649 shares of the company's stock after selling 14,502 shares during the period. OMERS ADMINISTRATION Corp's holdings in CocaCola were worth $12,723,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new position in shares of CocaCola during the 1st quarter valued at $25,000. Garde Capital Inc. purchased a new position in shares of CocaCola during the 1st quarter valued at $30,000. Mizuho Securities Co. Ltd. grew its holdings in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after acquiring an additional 360 shares in the last quarter. Ridgewood Investments LLC grew its holdings in shares of CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after acquiring an additional 285 shares in the last quarter. Finally, REAP Financial Group LLC lifted its stake in shares of CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KO has been the subject of several analyst reports. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. UBS Group reduced their price objective on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Finally, JPMorgan Chase & Co. lifted 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, CocaCola has a consensus rating of "Buy" and an average target price of $77.21.

CocaCola Stock Performance

CocaCola stock traded up $0.65 on Friday, reaching $69.01. 14,595,565 shares of the stock were exchanged, compared to its average volume of 12,837,132. The stock has a market cap of $297.00 billion, a PE ratio of 24.47, a PEG ratio of 3.56 and a beta of 0.44. 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 Company has a twelve month low of $60.62 and a twelve month high of $74.38. The firm has a fifty day moving average price of $69.78 and a two-hundred day moving average price of $70.49.

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 business 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%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.97% of the company's stock.

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.