Ieq Capital LLC Grows Stake in CocaCola Company (The) $KO

Key Points

• Ieq Capital LLC increased its stake in CocaCola Company by 75.5%, acquiring an additional 95,533 shares to reach a total of 222,106 shares valued at approximately $15.9 million.
• Insider trades have reported significant sales, with CEO James Quincey selling 266,403 shares, reducing his ownership by 49.12%, while insider Nikolaos Koumettis sold 37,396 shares, reflecting a 15.15% decrease in his position.
• The CocaCola Company recently declared a quarterly dividend of $0.51 per share, resulting in a 3.0% yield, with a payout ratio of 72.34%.

Ieq Capital LLC lifted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 75.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,106 shares of the company's stock after purchasing an additional 95,533 shares during the period. Ieq Capital LLC's holdings in CocaCola were worth $15,907,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of KO. MorganRosel Wealth Management LLC purchased a new position in CocaCola in the first quarter worth about $25,000. Garde Capital Inc. purchased a new position in CocaCola in the first quarter worth about $30,000. Mizuho Securities Co. Ltd. grew its position in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 360 shares in the last quarter. Ridgewood Investments LLC lifted its stake in CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after purchasing an additional 285 shares during the last quarter. Finally, REAP Financial Group LLC lifted its stake in CocaCola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Stock Up 1.0%

NYSE:KO traded up $0.65 during trading hours on Friday, reaching $69.01. The company's stock had a trading volume of 14,595,565 shares, compared to its average volume of 12,837,132. The company has a market capitalization of $297.00 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 3.56 and a beta of 0.44. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The stock has a 50 day moving average price of $69.78 and a two-hundred day moving average price of $70.49.

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

CocaCola Dividend Announcement

The firm also recently disclosed 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. 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%.

Insider Buying and Selling

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business'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 transaction, the insider owned 209,513 shares of the company's stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.97% of the stock is owned by company insiders.

Analyst Ratings Changes

KO has been the subject of several analyst reports. 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 note on Wednesday, July 23rd. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. BNP Paribas reissued an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. UBS Group decreased their price objective on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus 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.