Jones Financial Companies Lllp grew its holdings in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 33.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 539,563 shares of the company’s stock after purchasing an additional 134,627 shares during the period. Jones Financial Companies Lllp’s holdings in CocaCola were worth $38,016,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in KO. Nuveen LLC bought a new stake in shares of CocaCola during the first quarter valued at approximately $1,508,657,000. Wellington Management Group LLP boosted its stake in shares of CocaCola by 52.7% during the 1st 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 during the last quarter. Boston Partners purchased a new position in shares of CocaCola during the 1st quarter valued at $642,183,000. GAMMA Investing LLC lifted its stake in shares of CocaCola by 8,419.4% during the 1st quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company’s stock valued at $426,927,000 after buying an additional 5,891,034 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of CocaCola by 47.4% during the 1st quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company’s stock valued at $848,315,000 after buying an additional 3,810,752 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.
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Analyst Upgrades and Downgrades
KO has been the topic of several research analyst reports. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. UBS Group reduced 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. Morgan Stanley restated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. BNP Paribas restated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted 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. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, CocaCola has a consensus rating of “Buy” and an average price target of $76.93.
View Our Latest Stock Analysis on KO
CocaCola Trading Down 0.9%
KO stock opened at $67.00 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The firm has a market cap of $288.35 billion, a P/E ratio of 23.76, a PEG ratio of 3.49 and a beta of 0.43. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company’s 50-day simple moving average is $69.29 and its 200-day simple moving average is $70.37.
CocaCola (NYSE:KO – Get Free Report) last posted its quarterly 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. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. During the same period last year, the firm posted $0.84 earnings per share. The company’s revenue for the quarter 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, equities analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.
CocaCola Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. CocaCola’s payout ratio is 72.34%.
Insider Buying and Selling at CocaCola
In related news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.
About CocaCola
(Free Report)
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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