Compagnie Lombard Odier SCmA Decreases Stake in CocaCola Company (The) $KO

Key Points

• Compagnie Lombard Odier SCmA reduced its stake in Coca-Cola by 6.3%, selling 92,249 shares, and now holds 1,362,629 shares valued at approximately $96.4 million.
• Coca-Cola's recent earnings report revealed an adjusted earnings per share of $0.87, surpassing analyst expectations of $0.83, with a year-over-year revenue increase of 2.5%.
• The company declared a quarterly dividend of $0.51 per share, contributing to a 3.1% dividend yield, payable on October 1st to investors of record by September 15th.

Compagnie Lombard Odier SCmA lowered its position in CocaCola Company (The) (NYSE:KO - Free Report) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,362,629 shares of the company's stock after selling 92,249 shares during the quarter. CocaCola comprises 1.3% of Compagnie Lombard Odier SCmA's investment portfolio, making the stock its 19th largest holding. Compagnie Lombard Odier SCmA's holdings in CocaCola were worth $96,406,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new stake in CocaCola in the 1st quarter worth about $25,000. 1248 Management LLC purchased a new stake in CocaCola in the 1st quarter worth about $26,000. Garde Capital Inc. purchased a new position in CocaCola during the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. grew its holdings in 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 buying an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC lifted its holdings in shares of CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after buying an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Trading Down 0.2%

Shares of KO opened at $66.27 on Tuesday. The firm has a market cap of $285.20 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 3.46 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The firm has a 50 day moving average price of $68.87 and a 200-day moving average price of $70.18.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same period in the prior year, the business posted $0.84 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on KO. 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 report on Wednesday, July 23rd. Morgan Stanley restated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. UBS Group cut their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Finally, BNP Paribas reissued an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $76.93.

Insider Activity

In related news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by insiders.

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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