KPP Advisory Services LLC increased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 159.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,853 shares of the company's stock after acquiring an additional 7,289 shares during the quarter. KPP Advisory Services LLC's holdings in CocaCola were worth $849,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Oak Hill Wealth Advisors LLC increased its holdings in shares of CocaCola by 8.0% during the first quarter. Oak Hill Wealth Advisors LLC now owns 16,128 shares of the company's stock valued at $1,155,000 after acquiring an additional 1,200 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of CocaCola by 12.7% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 23,051 shares of the company's stock worth $1,651,000 after purchasing an additional 2,603 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in CocaCola by 13.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,464,208 shares of the company's stock valued at $104,867,000 after purchasing an additional 171,736 shares during the period. Sequoia Financial Advisors LLC increased its stake in CocaCola by 25.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 196,331 shares of the company's stock valued at $14,061,000 after purchasing an additional 40,178 shares in the last quarter. Finally, Pure Financial Advisors LLC raised its holdings in CocaCola by 42.7% during the first quarter. Pure Financial Advisors LLC now owns 8,081 shares of the company's stock worth $579,000 after buying an additional 2,418 shares during the last quarter. 70.26% of the stock is owned by institutional investors.
Insider Activity
In other news, CFO John Murphy sold 88,658 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the transaction, the chief financial officer now directly owns 205,511 shares of the company's stock, valued at $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the transaction, the chief executive officer now owns 275,946 shares of the company's stock, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,387 shares of company stock valued at $29,923,985 in the last 90 days. Insiders own 0.97% of the company's stock.
CocaCola Stock Performance
KO traded down $0.12 during trading on Thursday, hitting $69.51. 14,436,893 shares of the company traded hands, compared to its average volume of 16,017,312. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The stock's fifty day moving average is $71.38 and its 200 day moving average is $68.18. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. The firm has a market cap of $299.20 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 3.68 and a beta of 0.46.
CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The firm had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The company's quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.
CocaCola Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Friday, June 13th. CocaCola's dividend payout ratio is currently 81.60%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of CocaCola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Royal Bank Of Canada boosted their price objective on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Morgan Stanley restated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. UBS Group increased their price target on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Cfra Research upgraded CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $76.27.
Check Out Our Latest Stock Report on CocaCola
CocaCola Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider CocaCola, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CocaCola wasn't on the list.
While CocaCola currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
