CocaCola Company (The) $KO Shares Bought by New England Research & Management Inc.

New England Research & Management Inc. grew its position in shares of CocaCola Company (The) (NYSE:KO) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 22,858 shares of the company’s stock after acquiring an additional 159 shares during the period. New England Research & Management Inc.’s holdings in CocaCola were worth $1,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Republic Capital LLC boosted its holdings in CocaCola by 1.6% in the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company’s stock worth $625,000 after acquiring an additional 139 shares during the period. Alteri Wealth LLC grew its holdings in CocaCola by 2.1% during the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company’s stock valued at $492,000 after purchasing an additional 140 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in CocaCola by 0.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company’s stock worth $1,439,000 after buying an additional 143 shares during the period. MBA Advisors LLC lifted its holdings in CocaCola by 1.2% in the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company’s stock worth $891,000 after buying an additional 143 shares in the last quarter. Finally, BXM Wealth LLC boosted its position in CocaCola by 4.3% in the 1st quarter. BXM Wealth LLC now owns 3,532 shares of the company’s stock valued at $253,000 after buying an additional 144 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction on 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 directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KO shares. BNP Paribas reiterated an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. UBS Group cut their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Morgan Stanley reissued an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an “outperform” rating 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 research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $76.93.

CocaCola Stock Down 1.2%

KO opened at $66.22 on Tuesday. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. 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 stock has a market cap of $284.99 billion, a P/E ratio of 23.48, a P/E/G ratio of 3.49 and a beta of 0.43. The stock’s 50 day moving average price is $69.20 and its 200 day moving average price is $70.33.

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

CocaCola Announces Dividend

The company also recently declared 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 is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. CocaCola’s dividend payout ratio (DPR) is 72.34%.

About CocaCola

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.