GW Henssler & Associates Ltd. Boosts Stake in CocaCola Company (The) $KO

Key Points

• GW Henssler & Associates Ltd. increased its shareholdings in CocaCola by 6.9%, bringing their total to 341,014 shares, valued at approximately $24.4 million.
• CocaCola recently reported a net margin of 25.89% and earnings per share of $0.87, surpassing analysts' expectations of $0.83.
• The company declared a quarterly dividend of $0.51 per share, which is expected to yield 3.0% annually, with a payout ratio of 72.34%.

GW Henssler & Associates Ltd. lifted its position in CocaCola Company (The) (NYSE:KO - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 341,014 shares of the company's stock after purchasing an additional 21,932 shares during the quarter. CocaCola comprises 1.4% of GW Henssler & Associates Ltd.'s holdings, making the stock its 23rd largest position. GW Henssler & Associates Ltd.'s holdings in CocaCola were worth $24,423,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Sage Financial Management Group Inc. purchased a new position in shares of CocaCola in the first quarter worth about $216,000. Cornerstone Wealth Management LLC grew its holdings in CocaCola by 3.3% during the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock worth $8,686,000 after acquiring an additional 3,920 shares during the period. Clark Capital Management Group Inc. grew its holdings in CocaCola by 31.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company's stock worth $52,851,000 after acquiring an additional 204,681 shares during the period. Fosun International Ltd acquired a new stake in CocaCola during the first quarter worth about $216,000. Finally, Investors Research Corp grew its holdings in CocaCola by 21.5% during the first quarter. Investors Research Corp now owns 10,419 shares of the company's stock worth $746,000 after acquiring an additional 1,846 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.90% of the company's stock.

CocaCola Price Performance

Shares of NYSE:KO traded down $0.73 during trading on Thursday, reaching $68.26. The stock had a trading volume of 16,557,030 shares, compared to its average volume of 16,880,996. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The business has a fifty day moving average price of $69.73 and a 200-day moving average price of $70.49. The stock has a market cap of $293.78 billion, a PE ratio of 24.21, a PEG ratio of 3.59 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 quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given 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 yield of 3.0%. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

Analyst Upgrades and Downgrades

Several research firms recently commented on KO. UBS Group dropped their target price on 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 set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price objective on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $77.21.

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.