Ashton Thomas Securities LLC Has $927,000 Stock Position in CocaCola Company (The) $KO

Key Points

• Ashton Thomas Securities LLC has significantly increased its stake in CocaCola, acquiring 8,957 shares during the first quarter, bringing its total holdings to 12,948 shares valued at approximately $927,000.
• CocaCola reported a quarterly earnings per share of $0.87, surpassing analysts' estimates of $0.83 while experiencing a 2.5% year-over-year revenue growth, totaling $12.50 billion.
• The company announced a quarterly dividend of $0.51 per share, set to be paid out to shareholders on October 1st, translating to an annualized dividend yield of 3.0%.

Ashton Thomas Securities LLC raised its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 224.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,948 shares of the company's stock after purchasing an additional 8,957 shares during the period. Ashton Thomas Securities LLC's holdings in CocaCola were worth $927,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KO. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola during the first quarter worth $25,000. Garde Capital Inc. bought a new stake in shares of CocaCola during the first quarter worth $30,000. Mizuho Securities Co. Ltd. grew its stake 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 buying an additional 360 shares during the last quarter. Ridgewood Investments LLC grew its stake 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 buying an additional 285 shares during the last quarter. Finally, REAP Financial Group LLC grew its stake in shares of 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 buying an additional 208 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were 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 of the company's stock, 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 legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KO shares. 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 note on Wednesday, July 23rd. UBS Group decreased their target price on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. BNP Paribas reissued an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Finally, Morgan Stanley reissued an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola currently has an average rating of "Buy" and a consensus target price of $77.21.

CocaCola Trading Down 0.4%

KO traded down $0.31 during trading on Friday, reaching $67.95. 23,968,643 shares of the stock traded hands, compared to its average volume of 14,052,755. 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 stock has a market capitalization of $292.41 billion, a PE ratio of 24.09, a P/E/G ratio of 3.55 and a beta of 0.43. The stock's 50-day moving average is $69.65 and its 200 day moving average is $70.48. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The business had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities analysts anticipate 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. Shareholders of record on Monday, September 15th will be given 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 yield of 3.0%. CocaCola's dividend payout ratio is 72.34%.

CocaCola 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.