Maryland State Retirement & Pension System Has $13.37 Million Holdings in CocaCola Company (The) $KO

Key Points

• The Maryland State Retirement & Pension System has increased its holdings in Coca-Cola by 4.1%, owning 189,019 shares valued at approximately $13.37 million.
• Institutional investors control 70.26% of Coca-Cola's stock, highlighting strong interest among large investors.
• Coca-Cola announced a quarterly dividend of $0.51, representing an annual yield of 3.1%, with a payout ratio of 72.34%.

Maryland State Retirement & Pension System increased its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,019 shares of the company's stock after purchasing an additional 7,473 shares during the quarter. Maryland State Retirement & Pension System's holdings in CocaCola were worth $13,373,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. New Republic Capital LLC boosted its holdings in CocaCola by 1.6% during the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock worth $625,000 after acquiring an additional 139 shares during the last quarter. Alteri Wealth LLC boosted its holdings in CocaCola by 2.1% during the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock worth $492,000 after acquiring an additional 140 shares during the last quarter. Requisite Capital Management LLC boosted its holdings in CocaCola by 2.8% during the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company's stock worth $377,000 after acquiring an additional 142 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in CocaCola by 0.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock worth $1,439,000 after acquiring an additional 143 shares during the last quarter. Finally, MBA Advisors LLC boosted its holdings in CocaCola by 1.2% during the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock worth $891,000 after acquiring an additional 143 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated 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 sale, the insider directly owned 209,513 shares of the company's stock, 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. UBS Group lowered their target price on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. JPMorgan Chase & Co. lifted their target price on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of CocaCola in a research note on Wednesday. BNP Paribas reiterated an "outperform" rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. Finally, Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $76.93.

CocaCola Price Performance

NYSE KO opened at $66.10 on Thursday. The company has a market cap of $284.47 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 3.48 and a beta of 0.43. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The firm's 50-day simple moving average is $68.13 and its two-hundred day simple moving average is $69.88.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The business had revenue of $12.50 billion for 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%. The company's revenue was up 2.5% compared to the same quarter last year. 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. Research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

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

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.

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