Howe & Rusling Inc. Boosts Stock Holdings in CocaCola Company (The) $KO

Key Points

• Howe & Rusling Inc. increased its stake in CocaCola Company by 9.2% during Q1, owning 196,224 shares valued at approximately $14,054,000.
• CocaCola reported an EPS of $0.87 for the latest quarter, surpassing estimates, and has set a FY 2025 EPS guidance of 2.970.
• The company declared a quarterly dividend of $0.51 per share, representing an annualized yield of 3.0%, with the ex-dividend date on September 15th.

Howe & Rusling Inc. raised its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 9.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 196,224 shares of the company's stock after purchasing an additional 16,476 shares during the quarter. CocaCola accounts for approximately 1.2% of Howe & Rusling Inc.'s investment portfolio, making the stock its 22nd biggest position. Howe & Rusling Inc.'s holdings in CocaCola were worth $14,054,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola in the 1st quarter valued at $25,000. 1248 Management LLC acquired a new stake in shares of CocaCola in the 1st quarter valued at $26,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the 1st quarter valued at $30,000. Mizuho Securities Co. Ltd. boosted its holdings in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC boosted its holdings in shares of CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after purchasing an additional 285 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business's 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 completion of the sale, the insider directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.97% of the company's stock.

CocaCola Trading Down 0.9%

Shares of KO stock traded down $0.62 during mid-day trading on Friday, hitting $67.00. The company's stock had a trading volume of 18,684,181 shares, compared to its average volume of 15,985,507. The company's fifty day simple moving average is $69.29 and its 200-day simple moving average is $70.37. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. 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 company has a market cap of $288.35 billion, a PE ratio of 23.76, a P/E/G ratio of 3.52 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last issued 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. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same period in the previous year, the company posted $0.84 EPS. 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. As a group, equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

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 issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's payout ratio is currently 72.34%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BNP Paribas reissued an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. JPMorgan Chase & Co. lifted their target price on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, UBS Group cut their target price on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat.com, CocaCola has an average rating of "Buy" and a consensus target price 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.