ST Germain D J Co. Inc. Boosts Holdings in CocaCola Company (The) $KO

Key Points

• ST Germain D J Co. Inc. increased its holdings in CocaCola by 34.9% during Q2, now owning 28,398 shares valued at approximately $2.01 million.
• Insider Nikolaos Koumettis sold 37,396 shares at an average price of $69.10, reducing their position by 15.15%.
• Multiple brokerages adjusted CocaCola's target prices, with UBS cutting it to $80.00 while JPMorgan raised it to $79.00, maintaining a consensus rating of "Buy".

ST Germain D J Co. Inc. grew its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 34.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,398 shares of the company's stock after acquiring an additional 7,340 shares during the quarter. ST Germain D J Co. Inc.'s holdings in CocaCola were worth $2,009,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of CocaCola by 0.3% during the first quarter. Vanguard Group Inc. now owns 361,200,808 shares of the company's stock worth $25,869,202,000 after acquiring an additional 1,114,422 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of CocaCola by 52.7% during the first quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock worth $3,398,185,000 after acquiring an additional 16,383,870 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of CocaCola by 6.2% during 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 worth $2,212,300,000 after acquiring an additional 1,794,561 shares in the last quarter. Amundi grew its holdings in shares of CocaCola by 16.0% in the first quarter. Amundi now owns 21,236,315 shares of the company's stock worth $1,554,074,000 after purchasing an additional 2,922,619 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of CocaCola in the first quarter worth approximately $1,508,657,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction on 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 sale, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KO. UBS Group cut their target price on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. Wells Fargo & Company cut their target price on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Morgan Stanley restated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. One analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. According to data from MarketBeat.com, CocaCola has a consensus rating of "Buy" and a consensus target price of $76.93.

CocaCola Stock Performance

NYSE:KO opened at $65.64 on Friday. The stock has a market cap of $282.49 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 3.44 and a beta of 0.43. The firm's fifty day simple moving average is $68.58 and its 200 day simple moving average is $70.05. CocaCola Company has a twelve month low of $60.62 and a twelve month 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.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating 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 business had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. The firm'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, research analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. CocaCola's payout ratio is 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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