Free Trial

Braun Stacey Associates Inc. Acquires 6,002 Shares of CocaCola Company (The) (NYSE:KO)

CocaCola logo with Consumer Staples background

Braun Stacey Associates Inc. increased its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 1.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 314,502 shares of the company's stock after acquiring an additional 6,002 shares during the period. Braun Stacey Associates Inc.'s holdings in CocaCola were worth $22,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HM Payson & Co. grew its position in shares of CocaCola by 1.5% in the 1st quarter. HM Payson & Co. now owns 96,682 shares of the company's stock valued at $6,924,000 after buying an additional 1,458 shares during the last quarter. Elite Financial Inc. acquired a new position in shares of CocaCola in the 1st quarter worth approximately $104,000. World Investment Advisors lifted its position in shares of CocaCola by 14.6% in the 1st quarter. World Investment Advisors now owns 74,257 shares of the company's stock worth $5,319,000 after purchasing an additional 9,460 shares during the period. Jackson Thornton Wealth Management LLC acquired a new position in shares of CocaCola in the 1st quarter worth approximately $623,000. Finally, Ceera Investments LLC acquired a new position in shares of CocaCola in the 1st quarter worth approximately $206,000. Institutional investors own 70.26% of the company's stock.

CocaCola Stock Up 0.4%

KO stock traded up $0.28 during trading on Friday, reaching $71.19. 9,440,457 shares of the stock were exchanged, compared to its average volume of 16,178,355. The firm's 50 day moving average is $71.08 and its 200 day moving average is $68.64. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. The firm has a market cap of $306.42 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 3.74 and a beta of 0.45.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.02. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same period in the prior year, the business earned $0.72 EPS. The firm's revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, June 13th. CocaCola's dividend payout ratio is currently 81.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on KO shares. Morgan Stanley restated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. JPMorgan Chase & Co. boosted their price objective on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Royal Bank Of Canada boosted their price objective on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. UBS Group boosted their price objective on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Barclays reissued an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $76.27.

Get Our Latest Stock Report on CocaCola

Insiders Place Their Bets

In other CocaCola news, CFO John Murphy sold 88,658 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer directly owned 205,511 shares of the company's stock, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the sale, the executive vice president directly owned 187,716 shares of the company's stock, valued at $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 415,387 shares of company stock valued at $29,923,985. Corporate insiders own 0.90% of the company's stock.

CocaCola Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

Should You Invest $1,000 in CocaCola Right Now?

Before you consider CocaCola, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CocaCola wasn't on the list.

While CocaCola currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines