IFM Investors Pty Ltd Acquires 3,837 Shares of CocaCola Company (The) $KO

Key Points

• IFM Investors Pty Ltd has increased its stake in Coca-Cola by 0.5%, now owning 762,841 shares worth approximately $54.6 million, making Coca-Cola its 24th largest holding.
• Coca-Cola reported quarterly earnings of $0.87 EPS, surpassing estimates, while the company's revenue of $12.50 billion was slightly below expectations.
• The company declared a quarterly dividend of $0.51 per share to be paid on October 1st, reflecting a 3.0% dividend yield and a payout ratio of 72.34%.

IFM Investors Pty Ltd boosted its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 762,841 shares of the company's stock after acquiring an additional 3,837 shares during the quarter. CocaCola makes up approximately 0.6% of IFM Investors Pty Ltd's portfolio, making the stock its 24th largest holding. IFM Investors Pty Ltd's holdings in CocaCola were worth $54,635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KO. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola in the first quarter valued at approximately $25,000. Garde Capital Inc. bought a new position in shares of CocaCola in the first quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. raised its position in shares of CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares during the period. Ridgewood Investments LLC raised its position in shares of CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after purchasing an additional 285 shares during the period. Finally, Moser Wealth Advisors LLC raised its position in shares of CocaCola by 449.5% in the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock valued at $36,000 after purchasing an additional 409 shares during the period. Institutional investors own 70.26% of the company's stock.

CocaCola Price Performance

Shares of NYSE:KO traded down $0.62 on Friday, hitting $67.00. The stock had a trading volume of 18,684,181 shares, compared to its average volume of 16,929,980. CocaCola Company has a twelve month low of $60.62 and a twelve 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 firm's 50 day moving average price is $69.38 and its 200-day moving average price is $70.40. The company has a market capitalization of $288.35 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 3.53 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results 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 net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. During the same quarter in the previous year, the company earned $0.84 EPS. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 3.0%. The ex-dividend date is Monday, September 15th. CocaCola's payout ratio is currently 72.34%.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction dated 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 completion of the transaction, the insider directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KO. JPMorgan Chase & Co. lifted their price target 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. BNP Paribas reaffirmed an "outperform" rating and set a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. UBS Group dropped their target price on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $76.93.

About CocaCola

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.