Vestmark Advisory Solutions Inc. Has $764,000 Stock Position in CocaCola Company (The) $KO

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in CocaCola by 59.7%, acquiring an additional 3,988 shares, bringing its total ownership to 10,671 shares valued at approximately $764,000.
• Analysts have varying price targets for CocaCola, with estimates from $76.00 to $83.00, and the stock currently holds an average rating of "Buy".
• In quarterly earnings, CocaCola reported $0.87 EPS, exceeding expectations, despite a slight revenue miss of $12.50 billion compared to the forecast of $12.55 billion.

Vestmark Advisory Solutions Inc. increased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 59.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,671 shares of the company's stock after purchasing an additional 3,988 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in CocaCola were worth $764,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KO. MorganRosel Wealth Management LLC purchased a new stake in shares of CocaCola during the 1st quarter valued at $25,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. lifted its position in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after purchasing an additional 360 shares during the last quarter. Ridgewood Investments LLC lifted its position in shares of CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after purchasing an additional 285 shares during the last quarter. Finally, REAP Financial Group LLC raised its stake in CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after acquiring an additional 208 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley reiterated an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. JPMorgan Chase & Co. increased 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. 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 reiterated an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Finally, UBS Group dropped their price target on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $77.21.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction on 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 transaction, the insider directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 sale, the chief executive officer owned 275,946 shares of the company's stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.97% of the company's stock.

CocaCola Price Performance

NYSE:KO traded down $0.5910 during midday trading on Friday, hitting $70.0690. 7,390,090 shares of the stock were exchanged, compared to its average volume of 16,757,510. The company has a market capitalization of $301.55 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 3.68 and a beta of 0.44. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The business has a 50-day moving average price of $69.86 and a two-hundred day moving average price of $70.29.

CocaCola (NYSE:KO - Get Free Report) last issued 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. The firm had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The company also recently disclosed 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. This represents a $2.04 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, September 15th. CocaCola's payout ratio is presently 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.