Mather Group LLC. Has $3.13 Million Position in CocaCola Company (The) $KO

Key Points

• Mather Group LLC. increased its stake in CocaCola Company by 11.5%, holding 44,246 shares valued at approximately $3.13 million.
• Institutional investors now own 70.26% of CocaCola's stock, with various hedge funds, including Brighton Jones LLC and Revolve Wealth Partners LLC, increasing their positions in recent quarters.
• CocaCola recently declared a quarterly dividend of $0.51, reflecting an annualized yield of 3.1%, with a dividend payout ratio of 72.34%.

Mather Group LLC. boosted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,246 shares of the company's stock after buying an additional 4,568 shares during the quarter. Mather Group LLC.'s holdings in CocaCola were worth $3,130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after buying an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after acquiring an additional 293 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of CocaCola by 1.3% in the 4th quarter. Two Sigma Investments LP now owns 48,000 shares of the company's stock valued at $2,988,000 after purchasing an additional 621 shares during the period. Aegis Wealth Management LLC bought a new position in shares of CocaCola in the 4th quarter worth $558,000. Finally, Capstone Triton Financial Group LLC grew its stake in shares of CocaCola by 0.8% during the fourth quarter. Capstone Triton Financial Group LLC now owns 40,573 shares of the company's stock worth $2,526,000 after purchasing an additional 326 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KO. BNP Paribas reiterated an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price target 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. UBS Group dropped their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Finally, Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat.com, CocaCola has an average rating of "Buy" and an average target price of $76.93.

CocaCola Trading Down 0.5%

Shares of NYSE:KO opened at $66.40 on Thursday. The company's 50-day moving average price is $68.76 and its two-hundred day moving average price is $70.13. CocaCola Company has a one year low of $60.62 and a one 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 $285.74 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (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 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 earnings per share. CocaCola's quarterly revenue was up 2.5% on a year-over-year basis. 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 EPS 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 paid a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

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.

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.