Knights of Columbus Asset Advisors LLC Has $9.90 Million Stake in CocaCola Company (The) $KO

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in CocaCola Company by 13.8%, owning 139,963 shares valued at approximately $9.90 million as of the end of the second quarter.
• CocaCola reported $0.87 earnings per share for the latest quarter, exceeding analyst expectations of $0.83, with a net margin of 25.89% and a revenue of $12.50 billion.
• The company announced a quarterly dividend of $0.51, translating to an annualized yield of 3.1%, with a payout ratio of 72.34%.

Knights of Columbus Asset Advisors LLC boosted its position in CocaCola Company (The) (NYSE:KO - Free Report) by 13.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,963 shares of the company's stock after purchasing an additional 16,966 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in CocaCola were worth $9,902,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KO. MorganRosel Wealth Management LLC bought a new stake in CocaCola during the 1st quarter worth approximately $25,000. 1248 Management LLC bought a new stake in shares of CocaCola in the first quarter worth $26,000. Garde Capital Inc. acquired a new stake in CocaCola in the first quarter valued at $30,000. Mizuho Securities Co. Ltd. raised its position in CocaCola by 360.0% during 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 last quarter. Finally, Ridgewood Investments LLC lifted its holdings in CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after buying an additional 285 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Stock Performance

Shares of KO stock opened at $66.65 on Monday. The firm has a 50 day moving average of $68.27 and a 200-day moving average of $69.95. The company has a market cap of $286.86 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. 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 issued its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. CocaCola's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, September 15th. CocaCola's payout ratio is presently 72.34%.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction that occurred 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 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 is accessible through this hyperlink. Company insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

KO has been the subject of several recent research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of CocaCola in a research note on Saturday, September 27th. Morgan Stanley reissued an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased 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. Finally, Wells Fargo & Company lowered their target price on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $76.93.

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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