CocaCola Company (The) $KO Shares Acquired by Acorns Advisers LLC

Acorns Advisers LLC lifted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 3.8% during the 1st quarter, Holdings Channel reports. The firm owned 7,768 shares of the company’s stock after buying an additional 284 shares during the period. Acorns Advisers LLC’s holdings in CocaCola were worth $556,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KO. Nuveen LLC acquired a new stake in shares of CocaCola during the first quarter worth about $1,508,657,000. Wellington Management Group LLP lifted its position in shares of CocaCola by 52.7% during the first quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company’s stock worth $3,398,185,000 after purchasing an additional 16,383,870 shares in the last quarter. Boston Partners acquired a new stake in shares of CocaCola during the first quarter worth about $642,183,000. GAMMA Investing LLC lifted its position in shares of CocaCola by 8,419.4% during the first quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company’s stock worth $426,927,000 after purchasing an additional 5,891,034 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in CocaCola by 47.4% in the first quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company’s stock valued at $848,315,000 after acquiring an additional 3,810,752 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity at CocaCola

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 sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by corporate insiders.

CocaCola Price Performance

CocaCola stock opened at $67.95 on Wednesday. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The firm’s 50-day simple moving average is $69.51 and its 200 day simple moving average is $70.44. The firm has a market capitalization of $292.43 billion, a PE ratio of 24.10, a P/E/G ratio of 3.51 and a beta of 0.43.

CocaCola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. During the same period in the previous year, the firm earned $0.84 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities research analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. CocaCola’s payout ratio is currently 72.34%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KO. BNP Paribas reaffirmed an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Morgan Stanley reissued an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. UBS Group cut their price objective on shares of CocaCola from $86.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $77.21.

CocaCola 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.