Commerzbank Aktiengesellschaft FI Purchases 933,796 Shares of CocaCola Company (The) $KO

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in CocaCola by 95.8%, acquiring an additional 933,796 shares, bringing its total to 1,908,957 shares valued at approximately $135 million.
• A number of hedge funds have also boosted their stakes in CocaCola, with institutional investors collectively owning 70.26% of the company's stock.
• CocaCola reported an EPS of $0.87 for the last quarter, exceeding estimates, and has announced a quarterly dividend of $0.51, reflecting a 3.1% dividend yield.

Commerzbank Aktiengesellschaft FI increased its position in CocaCola Company (The) (NYSE:KO - Free Report) by 95.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,908,957 shares of the company's stock after buying an additional 933,796 shares during the period. CocaCola accounts for 3.1% of Commerzbank Aktiengesellschaft FI's portfolio, making the stock its 8th largest holding. Commerzbank Aktiengesellschaft FI's holdings in CocaCola were worth $135,059,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KO. Brighton Jones LLC increased its holdings in CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after buying an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after buying an additional 293 shares during the last quarter. GAMMA Investing LLC increased its holdings in CocaCola by 19.0% in the first quarter. GAMMA Investing LLC now owns 83,231 shares of the company's stock worth $5,961,000 after buying an additional 13,261 shares during the last quarter. USA Financial Formulas acquired a new position in CocaCola in the first quarter worth approximately $262,000. Finally, Capital Advisors Ltd. LLC increased its holdings in CocaCola by 11.7% in the first quarter. Capital Advisors Ltd. LLC now owns 4,214 shares of the company's stock worth $302,000 after buying an additional 443 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KO shares. 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. Weiss Ratings reiterated a "buy (b-)" rating on shares of CocaCola in a report on Wednesday. JPMorgan Chase & Co. increased their price target on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. BNP Paribas reiterated an "outperform" rating and set a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Finally, UBS Group lowered their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company's stock. Based on data from MarketBeat, CocaCola currently has a consensus rating of "Buy" and a consensus price target of $76.93.

Insider Buying and Selling

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm'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 completion of the transaction, the insider directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is currently owned by company insiders.

CocaCola Stock Up 0.3%

Shares of KO stock opened at $66.30 on Friday. The stock has a market cap of $285.33 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 3.44 and a beta of 0.43. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The stock has a fifty day moving average price of $68.09 and a 200 day moving average price of $69.86. 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 (NYSE:KO - Get Free Report) last issued its 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 analysts' expectations of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.CocaCola's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

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

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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