Empowered Funds LLC Increases Holdings in CocaCola Company (The) $KO

Key Points

• Empowered Funds LLC increased its holdings in CocaCola by 10.3%, owning a total of 259,260 shares valued at approximately $18.57 million as of the latest SEC filing.
• CocaCola reported $0.87 earnings per share for the last quarter, exceeding expectations, with revenues of $12.50 billion, an increase of 2.5% compared to the previous year.
• The company announced a quarterly dividend of $0.51 per share, representing a 3.0% yield, with the payout scheduled for October 1st.

Empowered Funds LLC boosted its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 10.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,260 shares of the company's stock after purchasing an additional 24,118 shares during the period. Empowered Funds LLC's holdings in CocaCola were worth $18,568,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of KO. MorganRosel Wealth Management LLC purchased a new position in shares of CocaCola during the 1st quarter worth approximately $25,000. Garde Capital Inc. purchased a new position in shares of CocaCola during the 1st quarter worth approximately $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 worth $33,000 after acquiring an additional 360 shares during the period. 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 worth $34,000 after acquiring an additional 285 shares during the period. Finally, REAP Financial Group LLC grew its holdings in shares of CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after acquiring an additional 208 shares during the period. Institutional investors own 70.26% of the company's stock.

CocaCola Stock Performance

KO stock opened at $67.43 on Tuesday. The stock has a market capitalization of $290.18 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 3.54 and a beta of 0.43. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock's 50 day simple moving average is $69.59 and its 200 day simple moving average is $70.46.

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

CocaCola Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

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 transaction, the insider directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

KO has been the topic of a number of analyst reports. UBS Group dropped their price target on CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. BNP Paribas reissued an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to MarketBeat, CocaCola has an average rating of "Buy" and an average price target of $77.21.

CocaCola 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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