Schrum Private Wealth Management LLC Purchases 210 Shares of CocaCola Company (The) $KO

Schrum Private Wealth Management LLC grew its position in CocaCola Company (The) (NYSE:KO) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,248 shares of the company’s stock after acquiring an additional 210 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in CocaCola were worth $725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System increased its stake in CocaCola by 4.1% in the 2nd quarter. Maryland State Retirement & Pension System now owns 189,019 shares of the company’s stock worth $13,373,000 after acquiring an additional 7,473 shares during the last quarter. Optas LLC increased its stake in CocaCola by 12.4% in the 2nd quarter. Optas LLC now owns 9,693 shares of the company’s stock worth $686,000 after acquiring an additional 1,067 shares during the last quarter. Capital Management Associates Inc bought a new stake in CocaCola in the 2nd quarter worth approximately $266,000. Massachusetts Wealth Management increased its stake in CocaCola by 1.2% in the 2nd quarter. Massachusetts Wealth Management now owns 35,121 shares of the company’s stock worth $2,485,000 after acquiring an additional 415 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its stake in CocaCola by 4.2% in the 2nd quarter. Clear Creek Financial Management LLC now owns 12,674 shares of the company’s stock worth $897,000 after acquiring an additional 508 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Price Performance

KO opened at $66.10 on Thursday. The business has a fifty day moving average of $68.13 and a 200 day moving average of $69.88. 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 stock has a market cap of $284.47 billion, a P/E ratio of 23.44, a PEG ratio of 3.48 and a beta of 0.43.

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

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola’s dividend payout ratio is currently 72.34%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BNP Paribas reiterated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday. UBS Group dropped their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Finally, Wells Fargo & Company dropped their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. Based on data from MarketBeat, CocaCola has a consensus rating of “Buy” and an average price target of $76.93.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the firm’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 owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents 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. Corporate 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.