Calton & Associates Inc. Invests $561,000 in CocaCola Company (The) $KO

Key Points

• Calton & Associates Inc. invested approximately $561,000 in CocaCola Company by purchasing 7,828 shares in the 1st quarter, adding to a trend of institutional investor interest in the stock.
• Recent analyst reports suggest a generally favorable outlook for CocaCola, with price targets ranging from $76.00 to $83.00 and several analysts issuing buy ratings.
• The company declared a quarterly dividend of $0.51 per share, translating to an annual yield of 3.0%, to be paid on October 1st.

Calton & Associates Inc. bought a new position in CocaCola Company (The) (NYSE:KO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,828 shares of the company's stock, valued at approximately $561,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Saudi Central Bank purchased a new position in shares of CocaCola during the 1st quarter worth $115,000. Second Line Capital LLC boosted its stake in shares of CocaCola by 9.9% during the 1st quarter. Second Line Capital LLC now owns 9,376 shares of the company's stock worth $676,000 after acquiring an additional 846 shares during the last quarter. Texas Bank & Trust Co boosted its stake in shares of CocaCola by 6.5% during the 1st quarter. Texas Bank & Trust Co now owns 41,760 shares of the company's stock worth $2,991,000 after acquiring an additional 2,533 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of CocaCola by 5.1% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 16,956 shares of the company's stock worth $1,214,000 after acquiring an additional 830 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of CocaCola by 84.0% during the 1st quarter. Panagora Asset Management Inc. now owns 240,482 shares of the company's stock worth $17,223,000 after acquiring an additional 109,800 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

KO has been the topic of several analyst reports. BNP Paribas reiterated an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. UBS Group reduced their target price on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Morgan Stanley restated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $77.21.

CocaCola Trading Down 0.4%

NYSE:KO traded down $0.31 during mid-day trading on Friday, hitting $67.95. 23,466,044 shares of the stock traded hands, compared to its average volume of 16,876,566. The stock has a market capitalization of $292.41 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 3.59 and a beta of 0.43. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The firm's 50 day moving average is $69.70 and its two-hundred day moving average is $70.49. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

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 the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion during 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 firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's payout ratio is 72.34%.

Insider Transactions at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is currently owned by company insiders.

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.