Ameriflex Group Inc. Acquires 16,343 Shares of CocaCola Company (The) $KO

Key Points

• Ameriflex Group Inc. increased its stake in The CocaCola Company by 323.6% in Q1, owning 21,393 shares worth approximately $1.53 million.
• CocaCola recently reported $0.87 earnings per share for the last quarter, surpassing estimates, with a revenue of $12.50 billion.
• The company has announced a quarterly dividend of $0.51 per share, projecting a dividend yield of 3.0%.

Ameriflex Group Inc. increased its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 323.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,393 shares of the company's stock after purchasing an additional 16,343 shares during the quarter. Ameriflex Group Inc.'s holdings in CocaCola were worth $1,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in CocaCola during the 1st quarter worth about $25,000. Garde Capital Inc. bought a new stake in CocaCola during the first quarter worth approximately $30,000. Mizuho Securities Co. Ltd. boosted its position in 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 purchasing an additional 360 shares during the period. Ridgewood Investments LLC boosted its position in CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after purchasing an additional 285 shares during the period. Finally, REAP Financial Group LLC boosted its position in CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after purchasing an additional 208 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Price Performance

CocaCola stock traded down $0.31 during mid-day trading on Friday, hitting $67.95. 23,960,314 shares of the company were exchanged, compared to its average volume of 16,921,014. 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 has a fifty day moving average of $69.70 and a 200 day moving average of $70.49. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a market capitalization of $292.41 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 3.59 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The business'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. As a group, sell-side analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio is presently 72.34%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. BNP Paribas reaffirmed an "outperform" rating and set a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Morgan Stanley reiterated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. UBS Group cut their price target on CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Two investment 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.com, the company has a consensus rating of "Buy" and an average target price of $77.21.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the 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 sale, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.97% of the company's stock.

CocaCola Company 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.