Caitlin John LLC Purchases New Position in CocaCola Company (The) $KO

Key Points

• Caitlin John LLC has acquired a new stake in Coca-Cola Company, purchasing 15,815 shares valued at around $1.12 million during the second quarter.
• Multiple large investors have also increased their positions in Coca-Cola, with hedge funds and institutional investors holding 70.26% of the stock.
• Coca-Cola recently declared a quarterly dividend of $0.51 per share, representing a 3.1% yield and a payout ratio of 72.34%.

Caitlin John LLC acquired a new stake in CocaCola Company (The) (NYSE:KO - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,815 shares of the company's stock, valued at approximately $1,119,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. New Republic Capital LLC boosted its stake in shares of CocaCola by 1.6% during the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock worth $625,000 after acquiring an additional 139 shares in the last quarter. Alteri Wealth LLC raised its position in shares of CocaCola by 2.1% during the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock worth $492,000 after purchasing an additional 140 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of CocaCola by 0.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock worth $1,439,000 after purchasing an additional 143 shares during the last quarter. MBA Advisors LLC raised its position in shares of CocaCola by 1.2% during the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock worth $891,000 after purchasing an additional 143 shares during the last quarter. Finally, BXM Wealth LLC raised its position in shares of CocaCola by 4.3% during the 1st quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock worth $253,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Trading Down 0.2%

NYSE:KO traded down $0.16 during trading hours on Monday, hitting $66.27. The stock had a trading volume of 13,283,842 shares, compared to its average volume of 17,977,178. The business's 50 day moving average is $68.87 and its 200-day moving average is $70.18. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The company has a market cap of $285.20 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 3.46 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last issued 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 net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal 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 paid a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.90% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on KO shares. Morgan Stanley restated an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. BNP Paribas reiterated an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. UBS Group cut their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, September 11th. JPMorgan Chase & Co. boosted their price target on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. Two equities research 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, 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.