Voleon Capital Management LP Has $8.49 Million Stock Holdings in CocaCola Company (The) $KO

Key Points

• Voleon Capital Management LP increased its stake in CocaCola Company by 193.6%, acquiring 118,505 shares valued at $8.49 million.
• CocaCola's recent quarterly earnings reported $0.87 per share, exceeding analyst estimates of $0.83, with a revenue of $12.50 billion.
• The company announced a $0.51 quarterly dividend, representing a yield of 3.0% and scheduled for payment on October 1st.

Voleon Capital Management LP increased its position in CocaCola Company (The) (NYSE:KO - Free Report) by 193.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 118,505 shares of the company's stock after purchasing an additional 78,148 shares during the period. Voleon Capital Management LP's holdings in CocaCola were worth $8,487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola during the 1st quarter valued at $25,000. Garde Capital Inc. acquired a new position in CocaCola during the first quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. lifted its position 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 purchasing an additional 360 shares during the last quarter. Ridgewood Investments LLC lifted its position 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 purchasing an additional 285 shares during the last quarter. Finally, Moser Wealth Advisors LLC raised its position in shares of CocaCola by 449.5% during the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock valued at $36,000 after buying an additional 409 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the 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 completion of the sale, the insider owned 209,513 shares of the company's stock, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price 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. Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. 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. UBS Group reduced 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. Finally, BNP Paribas reiterated an "outperform" rating and set a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $77.21.

CocaCola Trading Down 0.1%

KO traded down $0.03 during mid-day trading on Wednesday, hitting $67.83. The stock had a trading volume of 15,818,077 shares, compared to its average volume of 16,928,338. The stock's fifty day simple moving average is $69.51 and its 200-day simple moving average is $70.44. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The firm has a market capitalization of $291.90 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 3.51 and a beta of 0.43. 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 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. The company had revenue of $12.50 billion for 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 business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, research analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. CocaCola's dividend 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.