Federation des caisses Desjardins du Quebec Increases Holdings in CocaCola Company (The) $KO

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in CocaCola by 10.2%, acquiring an additional 50,881 shares, which brings its total holdings to 551,906 shares valued at approximately $39.5 million.
• Institutional investors hold 70.26% of CocaCola’s stock, with several firms, including Ashton Thomas Securities and First Manhattan CO. LLC, significantly increasing their positions in the company during the first quarter.
• CocaCola reported earnings of $0.87 per share for the last quarter, exceeding analysts' estimates, and announced a quarterly dividend of $0.51 per share, translating to an annual yield of 3.0%.

Federation des caisses Desjardins du Quebec increased its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 10.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 551,906 shares of the company's stock after acquiring an additional 50,881 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in CocaCola were worth $39,536,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KO. New Republic Capital LLC grew its position in CocaCola by 1.6% in the first quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock worth $625,000 after acquiring an additional 139 shares in the last quarter. Alteri Wealth LLC increased its position in shares of CocaCola by 2.1% during the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock worth $492,000 after purchasing an additional 140 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in CocaCola by 0.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock worth $1,439,000 after acquiring an additional 143 shares during the last quarter. MBA Advisors LLC boosted its stake in shares of CocaCola by 1.2% in the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock valued at $891,000 after purchasing an additional 143 shares during the last quarter. Finally, BXM Wealth LLC boosted its stake in shares of CocaCola by 4.3% in the 1st quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock valued at $253,000 after purchasing an additional 144 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 issued reports on KO. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. Morgan Stanley reiterated an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. UBS Group dropped their target price on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. BNP Paribas reiterated an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $77.21.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.90% of the company's stock.

CocaCola Trading Down 0.1%

KO stock traded down $0.08 during midday trading on Wednesday, hitting $68.99. The company had a trading volume of 33,405,712 shares, compared to its average volume of 12,226,736. 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 has a market cap of $296.89 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 3.59 and a beta of 0.43. The stock's 50 day moving average price is $69.73 and its 200 day moving average price is $70.49. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $12.55 billion. During the same period last year, the firm posted $0.84 earnings per share. CocaCola'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 expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 yield of 3.0%. CocaCola's payout ratio is 72.34%.

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.