J. Safra Sarasin Holding AG Raises Stake in CocaCola Company (The) $KO

Key Points

• J. Safra Sarasin Holding AG increased its stake in CocaCola by 8.1% during the second quarter, bringing its total holdings to 139,125 shares, worth approximately $9.84 million.
• Several institutional investors, including Vanguard Group and Wellington Management, have adjusted their holdings in CocaCola, contributing to a total institutional ownership of 70.26%.
• CocaCola reported a quarterly earnings per share of $0.87, exceeding analysts' expectations, and announced a dividend of $0.51 per share, yielding 3.1%.

J. Safra Sarasin Holding AG lifted its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 8.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 139,125 shares of the company's stock after purchasing an additional 10,456 shares during the quarter. J. Safra Sarasin Holding AG's holdings in CocaCola were worth $9,842,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KO. Vanguard Group Inc. increased its holdings in CocaCola by 0.3% in the first quarter. Vanguard Group Inc. now owns 361,200,808 shares of the company's stock valued at $25,869,202,000 after buying an additional 1,114,422 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of CocaCola by 52.7% in the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock worth $3,398,185,000 after acquiring an additional 16,383,870 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of CocaCola by 6.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company's stock worth $2,212,300,000 after acquiring an additional 1,794,561 shares during the period. Amundi increased its stake in CocaCola by 16.0% in the 1st quarter. Amundi now owns 21,236,315 shares of the company's stock valued at $1,554,074,000 after purchasing an additional 2,922,619 shares in the last quarter. Finally, Nuveen LLC acquired a new position in CocaCola during the first quarter worth $1,508,657,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KO shares. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. 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. Morgan Stanley restated an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Wells Fargo & Company reduced their price target on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Finally, UBS Group dropped their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $76.93.

Insider Buying and Selling at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola 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 transaction, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.97% of the company's stock.

CocaCola Stock Performance

Shares of KO opened at $66.09 on Friday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company's 50 day simple moving average is $68.32 and its 200 day simple moving average is $69.96. The company has a market capitalization of $284.44 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 3.48 and a beta of 0.43. 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 (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating 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 business had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. During the same quarter in the previous year, the business earned $0.84 earnings per share. The business'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. On average, sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola's dividend payout ratio is presently 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.

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