Jones Financial Companies Lllp Has $38.02 Million Stake in CocaCola Company (The) $KO

Key Points

• Jones Financial Companies Lllp increased its stake in CocaCola Company by 33.2%, reaching a total of $38.02 million in holdings during the 1st quarter.
• Multiple hedge funds, including Nuveen LLC and Wellington Management Group LLP, also enhanced their positions or acquired new stakes in CocaCola, highlighting significant institutional interest in the stock.
• CocaCola recently reported earnings of $0.87 per share for the last quarter, exceeding analyst expectations and setting its FY 2025 guidance at 2.970 EPS.

Jones Financial Companies Lllp lifted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 33.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,563 shares of the company's stock after acquiring an additional 134,627 shares during the quarter. Jones Financial Companies Lllp's holdings in CocaCola were worth $38,016,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KO. Nuveen LLC acquired a new stake in shares of CocaCola during the 1st quarter valued at $1,508,657,000. Wellington Management Group LLP boosted its holdings 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 valued at $3,398,185,000 after acquiring an additional 16,383,870 shares in the last quarter. Boston Partners acquired a new stake in shares of CocaCola during the 1st quarter valued at $642,183,000. GAMMA Investing LLC boosted its holdings in shares of CocaCola by 8,419.4% during the 1st quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company's stock valued at $426,927,000 after acquiring an additional 5,891,034 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in CocaCola by 47.4% during the 1st quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company's stock worth $848,315,000 after purchasing an additional 3,810,752 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. UBS Group lowered their target price on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday. Morgan Stanley reaffirmed 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 set a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Finally, Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. According to MarketBeat, CocaCola presently has a consensus rating of "Buy" and a consensus target price of $76.93.

CocaCola Stock Performance

Shares of KO opened at $67.00 on Monday. 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 stock has a 50 day moving average price of $69.29 and a two-hundred day moving average price of $70.37. The firm has a market capitalization of $288.35 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.49 and a beta of 0.43. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping 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 firm had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The company'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. Equities analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company 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 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%.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction dated 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 sale, the insider owned 209,513 shares in the company, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is owned by insiders.

CocaCola 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.

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