Private Client Services LLC Acquires 686 Shares of CocaCola Company (The) $KO

Private Client Services LLC increased its holdings in shares of CocaCola Company (The) (NYSE:KO) by 23.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,638 shares of the company’s stock after purchasing an additional 686 shares during the period. Private Client Services LLC’s holdings in CocaCola were worth $257,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KO. Nuveen LLC bought a new position in shares of CocaCola during the 1st quarter valued at about $1,508,657,000. Wellington Management Group LLP lifted its stake in CocaCola by 52.7% in the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company’s stock valued at $3,398,185,000 after acquiring an additional 16,383,870 shares in the last quarter. Boston Partners bought a new stake in CocaCola in the 1st quarter valued at approximately $642,183,000. GAMMA Investing LLC lifted its stake in CocaCola by 8,419.4% in the 1st quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company’s stock valued at $426,927,000 after acquiring an additional 5,891,034 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in CocaCola by 47.4% in the 1st quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company’s stock valued at $848,315,000 after acquiring an additional 3,810,752 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Trading Down 0.9%

Shares of CocaCola stock opened at $67.00 on Friday. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The stock has a market cap of $288.35 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.52 and a beta of 0.43. 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 business’s 50 day moving average is $69.29 and its 200-day moving average is $70.37.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $12.50 billion for 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 firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend 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 presently 72.34%.

Insider Buying and Selling at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

KO has been the topic of several research reports. Morgan Stanley restated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. 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 note on Thursday. BNP Paribas restated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. upped their price objective on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $76.93.

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.