Commerzbank Aktiengesellschaft FI Has $135.06 Million Stock Position in CocaCola Company (The) $KO

Commerzbank Aktiengesellschaft FI raised its stake in shares of CocaCola Company (The) (NYSE:KO) by 95.8% in the second quarter, Holdings Channel reports. The fund owned 1,908,957 shares of the company’s stock after acquiring an additional 933,796 shares during the period. CocaCola comprises approximately 3.1% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 8th biggest position. Commerzbank Aktiengesellschaft FI’s holdings in CocaCola were worth $135,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola in the first quarter valued at $25,000. 1248 Management LLC acquired a new stake in shares of CocaCola in the first quarter valued at $26,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the first quarter valued at $30,000. Mizuho Securities Co. Ltd. increased its stake in shares of CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after buying an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC increased its stake in shares of CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after buying an additional 285 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.97% of the stock is owned by company insiders.

CocaCola Price Performance

CocaCola stock opened at $66.30 on Friday. The firm has a market capitalization of $285.33 billion, a P/E ratio of 23.51, a PEG ratio of 3.44 and a beta of 0.43. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The business has a 50-day moving average of $68.09 and a 200-day moving average of $69.86. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola’s payout ratio is presently 72.34%.

Wall Street Analyst Weigh In

KO has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. UBS Group lowered their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Wells Fargo & Company lowered their price objective on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, BNP Paribas reiterated an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat, CocaCola presently has an average rating of “Buy” and a consensus price target of $76.93.

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.