CocaCola Company (The) $KO Shares Purchased by Ethic Inc.

Key Points

• Ethic Inc. has increased its stake in CocaCola Company by 12.5%, now holding 61,872 shares worth approximately $4.45 million.
• CocaCola reported earnings of **$0.87 per share** for the last quarter, surpassing analyst expectations of $0.83, with revenue totaling $12.50 billion.
• The company will pay a quarterly dividend of $0.51 per share on October 1st, representing an annual yield of 2.9%.

Ethic Inc. raised its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 12.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,872 shares of the company's stock after purchasing an additional 6,853 shares during the period. Ethic Inc.'s holdings in CocaCola were worth $4,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in CocaCola in the 1st quarter valued at about $25,000. Garde Capital Inc. purchased a new position in shares of CocaCola in the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. increased its holdings in shares of CocaCola by 360.0% in 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 during the last quarter. Ridgewood Investments LLC increased its holdings in shares of CocaCola by 148.4% in 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 during the last quarter. Finally, REAP Financial Group LLC increased its holdings 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 acquiring an additional 208 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on KO. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. BNP Paribas reiterated an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. JPMorgan Chase & Co. increased their price objective on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. UBS Group dropped their price objective on CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, CocaCola has a consensus rating of "Buy" and a consensus price target of $77.21.

Insider Activity at CocaCola

In other news, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the sale, the chief executive officer directly owned 275,946 shares of the company's stock, valued at $19,884,668.76. This trade represents a 49.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction that occurred on 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 sale, the insider directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.97% of the stock is owned by company insiders.

CocaCola Stock Performance

NYSE:KO traded up $0.5090 during mid-day trading on Wednesday, reaching $70.6390. 17,527,593 shares of the stock were exchanged, compared to its average volume of 16,861,438. The company has a 50 day simple moving average of $69.92 and a 200-day simple moving average of $70.24. The stock has a market capitalization of $304.01 billion, a P/E ratio of 25.05, a P/E/G ratio of 3.60 and a beta of 0.44. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

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

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 2.9%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

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.