Ilmarinen Mutual Pension Insurance Co Sells 5,000 Shares of CocaCola Company (The) $KO

Key Points

• Ilmarinen Mutual Pension Insurance Co reduced its holdings in CocaCola by 0.7% in Q1, owning 715,000 shares worth approximately $51.2 million, making it the 29th largest position in its portfolio.
• CocaCola reported $0.87 earnings per share for the last quarter, exceeding estimates, with a revenue of $12.5 billion and a year-over-year revenue growth of 2.5%.
• The company announced a quarterly dividend of $0.51 per share, yielding 3.0%, with a dividend payout ratio of 72.34%.

Ilmarinen Mutual Pension Insurance Co reduced its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 715,000 shares of the company's stock after selling 5,000 shares during the period. CocaCola comprises approximately 0.5% of Ilmarinen Mutual Pension Insurance Co's portfolio, making the stock its 29th biggest holding. Ilmarinen Mutual Pension Insurance Co's holdings in CocaCola were worth $51,208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new position in CocaCola during the first quarter valued at approximately $25,000. Garde Capital Inc. purchased a new position in CocaCola in the 1st quarter worth approximately $30,000. Mizuho Securities Co. Ltd. increased its stake in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after purchasing an additional 360 shares during the period. Ridgewood Investments LLC increased its stake in CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after purchasing an additional 285 shares during the period. Finally, REAP Financial Group LLC increased its stake in CocaCola by 57.5% in the 4th 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 period. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Down 0.9%

Shares of NYSE KO traded down $0.62 during mid-day trading on Friday, hitting $67.00. 18,684,181 shares of the stock traded hands, compared to its average volume of 15,985,507. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a market cap of $288.35 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 3.52 and a beta of 0.43. The stock has a fifty day moving average price of $69.29 and a 200-day moving average price of $70.37.

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. 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 analyst estimates of $12.55 billion. During the same period in the previous year, the company posted $0.84 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Research analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. CocaCola's payout ratio is currently 72.34%.

Insider Buying and Selling

In other CocaCola 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 value of $2,584,063.60. Following the sale, the insider directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.97% of the company's stock.

Analyst Ratings Changes

KO has been the topic of a number of analyst reports. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. UBS Group decreased their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. JPMorgan Chase & Co. lifted their price objective on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat.com, CocaCola presently has a consensus rating of "Buy" and an average price target of $76.93.

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.