Integrity Alliance LLC. Boosts Stock Holdings in CocaCola Company (The) $KO

Key Points

• Integrity Alliance LLC significantly increased its stake in The Coca-Cola Company (KO) by 204.8%, acquiring a total of 68,885 shares valued at approximately $4.93 million.
• The Coca-Cola Company reported $0.87 earnings per share, exceeding analysts' expectations of $0.83, with revenue of $12.50 billion for the quarter.
• In addition to its earnings, Coca-Cola announced a quarterly dividend of $0.51 per share, which reflects a 3.0% yield and a payout ratio of 72.34%.

Integrity Alliance LLC. lifted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 204.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,885 shares of the company's stock after purchasing an additional 46,288 shares during the period. Integrity Alliance LLC.'s holdings in CocaCola were worth $4,934,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KO. Brighton Jones LLC grew its holdings in shares of CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after purchasing an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after purchasing an additional 293 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in CocaCola by 12.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock worth $1,189,000 after acquiring an additional 2,072 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CocaCola by 5.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 429,448 shares of the company's stock worth $26,737,000 after acquiring an additional 20,287 shares during the period. Finally, Minot DeBlois Advisors LLC purchased a new stake in CocaCola in the fourth quarter worth about $112,000. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Performance

KO traded down $0.62 during trading on Friday, reaching $67.00. 18,684,181 shares of the company's stock were exchanged, compared to its average volume of 16,929,980. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The stock has a market capitalization of $288.35 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 3.53 and a beta of 0.43. The company's fifty day simple moving average is $69.38 and its 200-day simple moving average is $70.40.

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

CocaCola Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend 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 currently 72.34%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KO shares. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. JPMorgan Chase & Co. upped their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, UBS Group lowered their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola currently has a consensus rating of "Buy" and a consensus price target of $76.93.

Insider Transactions at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the firm's 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 sale, the insider owned 209,513 shares of the company's stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.