CocaCola Company (The) $KO Shares Purchased by Qtron Investments LLC

Key Points

• Qtron Investments LLC increased its stake in CocaCola Company by 10.7%, acquiring an additional 4,480 shares during the first quarter, bringing its total holdings to 46,496 shares valued at approximately $3.33 million.
• Multiple analysts have provided positive ratings for CocaCola, with an average target price of $77.21, and 14 buy ratings along with 2 strong buy ratings indicating strong investor confidence.
• The company announced a quarterly dividend of $0.51, to be paid to shareholders on October 1st, representing a 2.9% dividend yield.

Qtron Investments LLC increased its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 10.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,496 shares of the company's stock after purchasing an additional 4,480 shares during the quarter. Qtron Investments LLC's holdings in CocaCola were worth $3,330,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KO. New Republic Capital LLC grew its position in shares of CocaCola by 1.6% in the first quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock valued at $625,000 after purchasing an additional 139 shares during the period. Alteri Wealth LLC boosted its position in CocaCola by 2.1% during the first 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. Deseret Mutual Benefit Administrators boosted its position in CocaCola by 0.7% during the first 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. MBA Advisors LLC boosted its position in CocaCola by 1.2% during the first 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. Finally, BXM Wealth LLC boosted its position in CocaCola by 4.3% during the first quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock worth $253,000 after acquiring an additional 144 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Insiders Place Their Bets

In other news, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the sale, the chief executive officer owned 275,946 shares in the company, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction 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 position. The disclosure for this sale can be found here. 0.97% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KO has been the topic of a number of recent research reports. BNP Paribas restated an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Morgan Stanley restated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. UBS Group lowered their price target on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price target 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, 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $77.21.

CocaCola Trading Up 0.7%

Shares of CocaCola stock traded up $0.5090 on Wednesday, reaching $70.6390. The company had a trading volume of 17,527,593 shares, compared to its average volume of 13,082,515. The firm's 50 day moving average price is $69.90 and its two-hundred day moving average price is $70.24. The firm has a market cap of $304.01 billion, a PE ratio of 25.05, a PEG ratio of 3.65 and a beta of 0.44. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. 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 earnings results 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. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. During the same period in the prior year, the firm earned $0.84 EPS. The firm'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. Sell-side analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. CocaCola's dividend payout ratio is currently 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.