Fox Hill Wealth Management Takes Position in CocaCola Company (The) $KO

Key Points

• Fox Hill Wealth Management has purchased 11,738 shares of CocaCola Company, valued at approximately $830,000, indicating strong interest from institutional investors.
• CocaCola recently announced a quarterly dividend of $0.51 per share, representing a 3.0% yield, with an ex-dividend date set for September 15th.
• Analysts maintain a positive outlook on CocaCola, with the stock having an average rating of "Buy" and a consensus target price of $76.93.

Fox Hill Wealth Management purchased a new stake in CocaCola Company (The) (NYSE:KO - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,738 shares of the company's stock, valued at approximately $830,000.

Other institutional investors have also made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola in the first quarter valued at about $25,000. 1248 Management LLC bought a new stake in shares of CocaCola during the first quarter worth $26,000. Garde Capital Inc. bought a new stake in shares of CocaCola during the first quarter worth $30,000. Mizuho Securities Co. Ltd. raised its position in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC raised its position in shares of CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after acquiring an additional 285 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Nikolaos Koumettis sold 37,396 shares of the 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.90% of the company's stock.

CocaCola Trading Down 0.9%

Shares of CocaCola stock traded down $0.62 during trading hours on Friday, hitting $67.00. The company's stock had a trading volume of 18,684,181 shares, compared to its average volume of 16,302,069. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The stock has a 50 day moving average of $69.29 and a 200 day moving average of $70.37. The company has a market capitalization of $288.35 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.49 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly 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. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company 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 dividend of $0.51 per share. 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 dividend payout ratio (DPR) is presently 72.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. JPMorgan Chase & Co. upped their price objective on 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 CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday. Finally, BNP Paribas reiterated an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, CocaCola currently has an average rating of "Buy" and a consensus price target 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.