Rep. Lloyd Doggett Buys CocaCola Company (The) (NYSE:KO) Stock

Key Points

• Representative Lloyd Doggett purchased $1,001 to $15,000 in CocaCola Company (NYSE:KO) stock on July 1, 2023, as disclosed in a recent filing.
• Shares of CocaCola opened at $69.00 and reported a quarterly earnings per share (EPS) of $0.87, exceeding the consensus estimate.
• The company declared a quarterly dividend of $0.51 per share, which will be paid on October 1, 2023, resulting in an annualized dividend yield of 3.0%.

Representative Lloyd Doggett (D-Texas) recently bought shares of CocaCola Company The) (NYSE: KO. In a filing disclosed on August 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in CocaCola stock on July 1st.

Representative Lloyd Doggett also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 6/18/2025.
• Purchased $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 6/12/2025.
• Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 6/10/2025.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 6/10/2025.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 5/15/2025.

CocaCola Stock Up 0.1%

Shares of NYSE:KO opened at $69.00 on Wednesday. The company has a fifty day moving average of $70.22 and a 200-day moving average of $69.73. The company has a market capitalization of $296.95 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 3.59 and a beta of 0.44. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. 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 quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. On average, equities analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. CocaCola's dividend payout ratio is 72.34%.

Hedge Funds Weigh In On CocaCola

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. New Republic Capital LLC boosted its position in shares of CocaCola by 1.6% during the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock worth $625,000 after purchasing an additional 139 shares in the last quarter. Alteri Wealth LLC lifted its position in CocaCola by 2.1% in the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock valued at $492,000 after acquiring an additional 140 shares in the last quarter. Requisite Capital Management LLC lifted its position in CocaCola by 2.8% in the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company's stock valued at $377,000 after acquiring an additional 142 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in CocaCola by 0.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after acquiring an additional 143 shares in the last quarter. Finally, MBA Advisors LLC lifted its position in CocaCola by 1.2% in the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock valued at $891,000 after acquiring an additional 143 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Morgan Stanley restated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. BNP Paribas restated an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Cfra Research upgraded CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. increased their price target on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $77.21.

Insider Activity

In related news, EVP Beatriz R. Perez sold 60,326 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the transaction, the executive vice president owned 187,716 shares of the company's stock, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of the transaction, the chief executive officer directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

About Representative Doggett

Lloyd Doggett (Democratic Party) is a member of the U.S. House, representing Texas' 37th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Doggett (Democratic Party) is running for re-election to the U.S. House to represent Texas' 37th Congressional District. He declared candidacy for the 2026 election. Lloyd Doggett was born in Austin, Texas. Doggett graduated from Austin High School in 1964. He earned a B.A. from the University of Texas at Austin in 1967 and a J.D. from the University of Texas in 1970. Doggett's career experience includes working as an adjunct professor with the University of Texas School of Law. In the 116th Congress, Doggett served on the House Ways & Means Committee, and he co-founded the House Prescription Drug Taskforce.

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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