Focus Partners Wealth Increases Stock Holdings in CocaCola Company (The) $KO

Key Points

• Focus Partners Wealth increased its holdings in CocaCola Company to 1,114,964 shares, valuing approximately $79.86 million after acquiring an additional 92,499 shares in the first quarter.
• Insider Nikolaos Koumettis sold 37,396 shares of CocaCola at an average price of $69.10, reducing their ownership by 15.15% to 209,513 shares.
• CocaCola announced a quarterly dividend of $0.51 per share, with dividends to be paid on October 1st, representing a 3.0% yield annually.

Focus Partners Wealth grew its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,114,964 shares of the company's stock after purchasing an additional 92,499 shares during the period. Focus Partners Wealth's holdings in CocaCola were worth $79,855,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of CocaCola by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 361,200,808 shares of the company's stock worth $25,869,202,000 after buying an additional 1,114,422 shares during the period. Wellington Management Group LLP raised its stake in shares of CocaCola by 52.7% during the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock worth $3,398,185,000 after buying an additional 16,383,870 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of CocaCola by 6.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company's stock worth $2,212,300,000 after buying an additional 1,794,561 shares during the period. Amundi raised its stake in shares of CocaCola by 16.0% during the 1st quarter. Amundi now owns 21,236,315 shares of the company's stock worth $1,554,074,000 after buying an additional 2,922,619 shares during the period. Finally, Nuveen LLC acquired a new position in shares of CocaCola during the 1st quarter worth approximately $1,508,657,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. BNP Paribas reaffirmed an "outperform" rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. UBS Group reduced 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. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Finally, JPMorgan Chase & Co. increased their price objective on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. 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 data from MarketBeat.com, CocaCola presently has an average rating of "Buy" and an average price target of $76.93.

CocaCola Trading Down 0.9%

NYSE:KO traded down $0.62 during trading hours on Friday, hitting $67.00. The company had a trading volume of 18,684,181 shares, compared to its average volume of 15,985,507. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The company has a 50-day moving average of $69.29 and a 200 day moving average of $70.37. The company has a market cap of $288.35 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.52 and a beta of 0.43. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results 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 return on equity of 44.91% and a net margin of 25.89%.The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Sell-side analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued 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 dividend yield of 3.0%. CocaCola's dividend payout ratio is currently 72.34%.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction 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 directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.97% of the company's stock.

CocaCola Company Profile

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.