MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases 48,372 Shares of CocaCola Company (The) $KO

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in The CocaCola Company by 1,412.3% during the second quarter, acquiring an additional 48,372 shares to reach a total of 51,797 shares worth $3,665,000.
• CocaCola recently declared a quarterly dividend of $0.51, scheduled for payment on October 1st, with a current annualized dividend yield of 3.1%.
• The company reported earnings of $0.87 per share for the recent quarter, exceeding analyst expectations, while its revenue showed a year-over-year increase of 2.5%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 1,412.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,797 shares of the company's stock after acquiring an additional 48,372 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in CocaCola were worth $3,665,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sage Financial Management Group Inc. bought a new stake in shares of CocaCola in the first quarter valued at about $216,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of CocaCola by 6.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company's stock valued at $2,212,300,000 after buying an additional 1,794,561 shares during the period. Cornerstone Wealth Management LLC lifted its stake in shares of CocaCola by 3.3% in the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock valued at $8,686,000 after buying an additional 3,920 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of CocaCola by 0.5% in the first quarter. IFM Investors Pty Ltd now owns 762,841 shares of the company's stock valued at $54,635,000 after buying an additional 3,837 shares during the period. Finally, Advisors Capital Management LLC lifted its stake in shares of CocaCola by 37.7% in the first quarter. Advisors Capital Management LLC now owns 471,034 shares of the company's stock valued at $33,735,000 after buying an additional 128,852 shares during the period. Institutional investors own 70.26% of the company's stock.

CocaCola Stock Performance

NYSE KO opened at $66.40 on Thursday. The firm has a market cap of $285.74 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 3.47 and a beta of 0.43. The company has a 50 day moving average of $68.76 and a 200-day moving average of $70.13. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion during 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%. The company's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $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 fiscal year.

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KO. JPMorgan Chase & Co. raised their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. Morgan Stanley restated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. UBS Group cut their price target 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. Finally, BNP Paribas restated an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to data from MarketBeat, CocaCola currently has an average rating of "Buy" and a consensus price target of $76.93.

Insider Buying and Selling at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the insider owned 209,513 shares of the company's stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.97% of the stock is currently owned by corporate insiders.

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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