Capital Market Strategies LLC Makes New $462,000 Investment in CocaCola Company (The) $KO

Capital Market Strategies LLC purchased a new position in shares of CocaCola Company (The) (NYSE:KO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,531 shares of the company’s stock, valued at approximately $462,000.

Other institutional investors have also recently bought and sold shares of the company. Sage Financial Management Group Inc. acquired a new position in CocaCola during the first quarter worth approximately $216,000. Cornerstone Wealth Management LLC increased its position in CocaCola by 3.3% during the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company’s stock worth $8,686,000 after buying an additional 3,920 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in CocaCola by 6.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company’s stock worth $2,212,300,000 after buying an additional 1,794,561 shares during the last quarter. IFM Investors Pty Ltd increased its position in CocaCola by 0.5% during the first quarter. IFM Investors Pty Ltd now owns 762,841 shares of the company’s stock worth $54,635,000 after buying an additional 3,837 shares during the last quarter. Finally, Advisors Capital Management LLC increased its position in CocaCola by 37.7% during the first quarter. Advisors Capital Management LLC now owns 471,034 shares of the company’s stock worth $33,735,000 after buying an additional 128,852 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Trading Down 0.9%

Shares of KO stock opened at $67.00 on Friday. 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 stock has a market cap of $288.35 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 3.52 and a beta of 0.43. The stock has a 50 day simple moving average of $69.29 and a 200 day simple moving average of $70.37. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

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

CocaCola Dividend Announcement

The business also recently declared 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. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, September 15th. CocaCola’s payout ratio is 72.34%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.97% of the company’s stock.

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.