Capital Market Strategies LLC Acquires New Holdings in CocaCola Company (The) $KO

Key Points

• Capital Market Strategies LLC invested approximately $462,000 in CocaCola Company by purchasing 6,531 shares during Q2, as reported in their Form 13F filing.
• CocaCola's recent quarterly earnings report showed $0.87 earnings per share, which exceeded analysts' expectations of $0.83, with a 2.5% increase in revenue from the same quarter last year.
• The company declared a quarterly dividend of $0.51, representing an annualized dividend of $2.04 and a dividend yield of 3.0%, set to be paid on October 1st.

Capital Market Strategies LLC purchased a new position in shares of CocaCola Company (The) (NYSE:KO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,531 shares of the company's stock, valued at approximately $462,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Financial Services LTD. increased its holdings in shares of CocaCola by 2.2% in the 2nd quarter. Howard Financial Services LTD. now owns 7,571 shares of the company's stock valued at $536,000 after acquiring an additional 163 shares during the period. First Financial Bank Trust Division grew its position in CocaCola by 3.7% during the 2nd quarter. First Financial Bank Trust Division now owns 13,983 shares of the company's stock worth $989,000 after purchasing an additional 505 shares during the last quarter. Park National Corp OH increased its stake in CocaCola by 8.2% in the second quarter. Park National Corp OH now owns 454,868 shares of the company's stock valued at $32,182,000 after purchasing an additional 34,499 shares during the period. Harbor Investment Advisory LLC raised its holdings in shares of CocaCola by 10.4% in the second quarter. Harbor Investment Advisory LLC now owns 17,707 shares of the company's stock valued at $1,253,000 after buying an additional 1,668 shares during the last quarter. Finally, Private Client Services LLC boosted its stake in shares of CocaCola by 23.2% during the second quarter. Private Client Services LLC now owns 3,638 shares of the company's stock worth $257,000 after buying an additional 686 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Transactions at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred 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 completion of the sale, the insider directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts 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. UBS Group dropped their target price on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday. BNP Paribas restated an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, CocaCola has a consensus rating of "Buy" and an average price target of $76.93.

CocaCola Price Performance

KO stock traded down $0.62 on Friday, reaching $67.00. 18,684,181 shares of the company's stock were exchanged, compared to its average volume of 16,302,069. The stock has a fifty day moving average of $69.29 and a 200-day moving average of $70.37. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The firm has a market cap of $288.35 billion, a PE ratio of 23.76, a P/E/G ratio of 3.49 and a beta of 0.43. 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 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 company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.CocaCola's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently announced 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. This represents a $2.04 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio is presently 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.