Vontobel Holding Ltd. Buys 885,147 Shares of CocaCola Company (The) $KO

Key Points

• Vontobel Holding Ltd. increased its stake in CocaCola by 5.8% during Q2, acquiring an additional 885,147 shares, bringing its total holdings to approximately 16.2 million shares valued at over $1.1 billion.
• Insider Nikolaos Koumettis sold 37,396 shares of CocaCola, representing a 15.15% decrease in his ownership, with a total transaction value of about $2.58 million.
• CocaCola's quarterly earnings report showed an EPS of $0.87, surpassing analyst expectations, while the company recently declared a quarterly dividend of $0.51 per share, yielding 3.1%.

Vontobel Holding Ltd. raised its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,195,068 shares of the company's stock after purchasing an additional 885,147 shares during the quarter. CocaCola comprises 3.7% of Vontobel Holding Ltd.'s holdings, making the stock its 3rd biggest position. Vontobel Holding Ltd. owned approximately 0.38% of CocaCola worth $1,145,801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of KO. Brighton Jones LLC increased its stake in CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after purchasing an additional 293 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in CocaCola by 12.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 62,272 shares of the company's stock valued at $4,460,000 after purchasing an additional 7,029 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in CocaCola by 1.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 42,925 shares of the company's stock valued at $3,074,000 after purchasing an additional 584 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of CocaCola by 19.0% in the 1st quarter. GAMMA Investing LLC now owns 83,231 shares of the company's stock valued at $5,961,000 after acquiring an additional 13,261 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Transactions at CocaCola

In related 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 sale, the insider directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

KO has been the topic of several recent research reports. Wells Fargo & Company dropped their price objective on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. upped their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. UBS Group dropped their price objective 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. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Finally, Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to MarketBeat, CocaCola presently has an average rating of "Buy" and an average target price of $76.93.

CocaCola Stock Performance

NYSE:KO opened at $66.10 on Thursday. 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 company has a fifty day moving average of $68.13 and a two-hundred day moving average of $69.88. The stock has a market capitalization of $284.47 billion, a PE ratio of 23.44, a P/E/G ratio of 3.48 and a beta of 0.43. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The business had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $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 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola's dividend payout ratio (DPR) is presently 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.

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