UniSuper Management Pty Ltd Has $50.37 Million Holdings in CocaCola Company (The) $KO

Key Points

• UniSuper Management Pty Ltd increased its stake in CocaCola Company by 1.6% in Q1, holding 703,326 shares valued at approximately $50.37 million.
• CocaCola reported earnings of $0.87 per share for the last quarter, exceeding estimates, and projected FY 2025 EPS guidance of $2.970.
• The company announced a quarterly dividend of $0.51, resulting in an annualized dividend yield of 3.0%, with a payout ratio of 72.34%.

UniSuper Management Pty Ltd raised its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 703,326 shares of the company's stock after purchasing an additional 11,047 shares during the quarter. UniSuper Management Pty Ltd's holdings in CocaCola were worth $50,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new stake in shares of CocaCola during the first quarter worth $25,000. Garde Capital Inc. purchased a new stake in shares of CocaCola during the first quarter worth $30,000. Mizuho Securities Co. Ltd. raised its holdings in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 360 shares in the last quarter. Ridgewood Investments LLC raised its holdings in shares of CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after acquiring an additional 285 shares in the last quarter. Finally, Moser Wealth Advisors LLC raised its holdings in shares of CocaCola by 449.5% during the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after acquiring an additional 409 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the firm'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 transaction, the insider directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group lowered their target price 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. BNP Paribas reissued an "outperform" rating and set a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their target price 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. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Morgan Stanley reissued an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Two investment analysts have 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, CocaCola presently has an average rating of "Buy" and a consensus price target of $77.21.

CocaCola Stock Performance

Shares of NYSE:KO traded down $0.03 during midday trading 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 debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The stock's 50 day simple moving average is $69.51 and its 200 day simple moving average is $70.44. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The stock has a market capitalization of $291.90 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 3.51 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $12.55 billion. During the same quarter last year, the company earned $0.84 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 3.0%. CocaCola's payout ratio is currently 72.34%.

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.