Strategic Investment Solutions Inc. IL Grows Position in CocaCola Company (The) $KO

Strategic Investment Solutions Inc. IL grew its stake in shares of CocaCola Company (The) (NYSE:KO) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,194 shares of the company’s stock after buying an additional 235 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in CocaCola were worth $721,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of CocaCola during the first quarter worth $1,508,657,000. Wellington Management Group LLP boosted its holdings 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 during the last quarter. Boston Partners acquired a new stake in shares of CocaCola during the first quarter worth $642,183,000. GAMMA Investing LLC boosted its holdings 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 during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of CocaCola by 47.4% during the first quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company’s stock worth $848,315,000 after purchasing an additional 3,810,752 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KO shares. 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. raised 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. Morgan Stanley restated an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Wells Fargo & Company reduced their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, UBS Group reduced their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat, CocaCola currently has a consensus rating of “Buy” and a consensus price target of $76.93.

CocaCola Price Performance

Shares of CocaCola stock opened at $66.00 on Friday. The business’s fifty day moving average price is $68.67 and its 200 day moving average price is $70.09. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The stock has a market capitalization of $284.06 billion, a P/E ratio of 23.41, a PEG ratio of 3.46 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, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $12.55 billion. During the same period last year, the company posted $0.84 earnings per share. The firm’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, research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business 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 $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.1%. CocaCola’s dividend payout ratio (DPR) is 72.34%.

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.