Blue Rock Wealth Management LLC Makes New Investment in CocaCola Company (The) $KO

Key Points

• Blue Rock Wealth Management LLC has acquired a new position in CocaCola, purchasing 3,908 shares valued at approximately $279,000 during the first quarter.
• Insider Nikolaos Koumettis sold 37,396 shares at an average price of $69.10, reducing their ownership by 15.15% and keeping 209,513 shares worth around $14.5 million.
• Equities research analysts continue to support CocaCola with an average rating of "Buy" and a target price around $77.21, despite some recent adjustments in price objectives.

Blue Rock Wealth Management LLC acquired a new stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,908 shares of the company's stock, valued at approximately $279,000.

A number of other hedge funds have also recently bought and sold shares of KO. Nuveen LLC acquired a new stake in CocaCola during the 1st quarter valued at approximately $1,508,657,000. Wellington Management Group LLP grew its stake in CocaCola by 52.7% during 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 purchasing an additional 16,383,870 shares in the last quarter. Boston Partners acquired a new stake in CocaCola during the 1st quarter valued at approximately $642,183,000. GAMMA Investing LLC grew its stake in CocaCola by 8,419.4% during the 1st quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company's stock valued at $426,927,000 after purchasing an additional 5,891,034 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in CocaCola by 47.4% during the 1st quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company's stock valued at $848,315,000 after purchasing an additional 3,810,752 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Transactions 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 completion of the transaction, the insider owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.97% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. UBS Group lowered their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday. BNP Paribas restated an "outperform" rating and set a $83.00 price objective 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 stock an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. lifted their target price on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $76.93.

CocaCola Stock Performance

NYSE:KO traded down $0.62 during midday trading on Friday, reaching $67.00. 18,684,181 shares of the company traded hands, compared to its average volume of 15,985,507. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The firm has a market capitalization of $288.35 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 3.52 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. The company has a fifty day moving average price of $69.29 and a 200 day moving average price of $70.37.

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, beating analysts' consensus estimates of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. 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. On average, analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 dividend on an annualized basis and a yield of 3.0%. CocaCola's payout ratio is currently 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.