Northside Capital Management LLC Buys 210,183 Shares of CocaCola Company (The) $KO

Key Points

• Northside Capital Management LLC significantly increased its stake in CocaCola by 5,480.7% during the second quarter, acquiring 210,183 shares and bringing its total to 214,018 shares.
• CocaCola's stock has a consensus rating of "Buy" from 14 analysts, with a current price target of $76.93.
• The company recently announced a $0.51 quarterly dividend, scheduled for payment on October 1st, representing an annual yield of 3.1%.

Northside Capital Management LLC boosted its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 5,480.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,018 shares of the company's stock after buying an additional 210,183 shares during the quarter. CocaCola makes up 1.2% of Northside Capital Management LLC's portfolio, making the stock its 24th largest position. Northside Capital Management LLC's holdings in CocaCola were worth $15,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after acquiring an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of CocaCola by 3.4% in 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. Bank Pictet & Cie Europe AG boosted its holdings in shares of CocaCola by 12.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock valued at $1,189,000 after acquiring an additional 2,072 shares during the last quarter. Two Sigma Investments LP boosted its holdings 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 acquiring an additional 621 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its holdings in CocaCola by 1.3% during the fourth quarter. Great Valley Advisor Group Inc. now owns 50,617 shares of the company's stock worth $3,151,000 after buying an additional 645 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Insiders Place Their Bets

In related 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 value of $2,584,063.60. Following the completion of the transaction, the insider 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 can be accessed through this hyperlink. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KO. UBS Group reduced their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, BNP Paribas reaffirmed an "outperform" rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola presently has a consensus rating of "Buy" and a consensus price target of $76.93.

CocaCola Stock Performance

Shares of CocaCola stock opened at $66.71 on Wednesday. The firm's fifty day simple moving average is $68.81 and its 200-day simple moving average is $70.15. CocaCola Company has a 12 month low of $60.62 and a 12 month 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 $287.08 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 3.45 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. CocaCola's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.1%. CocaCola's payout ratio is presently 72.34%.

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.

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