Sciencast Management LP Grows Stock Holdings in CocaCola Company (The) $KO

Key Points

• Sciencast Management LP increased its holdings in CocaCola Company by 14.7% during the first quarter, now owning 51,302 shares valued at approximately $3.67 million.
• Wall Street analysts maintain a positive outlook on CocaCola, with multiple firms setting price targets ranging from $76.00 to $84.00 and an average rating of "Buy."
• CocaCola announced a quarterly dividend of $0.51, representing a 3.0% yield, with the ex-dividend date set for September 15th.

Sciencast Management LP raised its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 14.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,302 shares of the company's stock after purchasing an additional 6,583 shares during the period. CocaCola makes up about 0.8% of Sciencast Management LP's portfolio, making the stock its 6th largest holding. Sciencast Management LP's holdings in CocaCola were worth $3,674,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola during the 1st quarter worth approximately $25,000. Garde Capital Inc. bought a new stake in shares of CocaCola during the 1st quarter worth approximately $30,000. Mizuho Securities Co. Ltd. lifted its holdings in shares of 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 acquiring an additional 360 shares during the period. Ridgewood Investments LLC lifted its holdings in shares of CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after acquiring an additional 285 shares during the period. Finally, REAP Financial Group LLC lifted its holdings in shares of CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after acquiring an additional 208 shares during the period. Institutional investors own 70.26% of the company's stock.

CocaCola Trading Down 0.1%

NYSE KO traded down $0.03 on Wednesday, hitting $67.83. The company's stock had a trading volume of 15,821,411 shares, compared to its average volume of 16,928,963. 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 1-year low of $60.62 and a 1-year high of $74.38. The company's 50-day moving average is $69.51 and its 200 day moving average is $70.44. The firm has a market cap of $291.90 billion, a PE ratio of 24.05, a PEG ratio of 3.51 and a beta of 0.43.

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. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $12.55 billion. During the same period in the prior year, the company posted $0.84 earnings per share. CocaCola's revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is 72.34%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KO shares. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. UBS Group dropped their price objective on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company's stock. According to data from MarketBeat, CocaCola has a consensus rating of "Buy" and a consensus target price of $77.21.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were 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 directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is 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.