Cigna Investments Inc. New Has $2.82 Million Stock Holdings in CocaCola Company (The) $KO

Cigna Investments Inc. New lessened its position in CocaCola Company (The) (NYSE:KO) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,373 shares of the company’s stock after selling 740 shares during the quarter. CocaCola makes up about 0.5% of Cigna Investments Inc. New’s portfolio, making the stock its 27th biggest position. Cigna Investments Inc. New’s holdings in CocaCola were worth $2,820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Focus Partners Advisor Solutions LLC raised its position in CocaCola by 7.6% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 69,919 shares of the company’s stock valued at $5,008,000 after buying an additional 4,941 shares during the last quarter. Biglari Sardar grew its stake in CocaCola by 3.9% in the first quarter. Biglari Sardar now owns 112,664 shares of the company’s stock valued at $8,069,000 after purchasing an additional 4,219 shares in the last quarter. Ameriflex Group Inc. grew its stake in CocaCola by 323.6% in the first quarter. Ameriflex Group Inc. now owns 21,393 shares of the company’s stock valued at $1,532,000 after purchasing an additional 16,343 shares in the last quarter. Beck Mack & Oliver LLC grew its stake in CocaCola by 12.7% in the first quarter. Beck Mack & Oliver LLC now owns 19,541 shares of the company’s stock valued at $1,400,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new position in CocaCola in the first quarter valued at approximately $8,503,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. BNP Paribas restated an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. JPMorgan Chase & Co. raised their price target on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. UBS Group decreased their price target on CocaCola from $86.00 to $84.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, CocaCola currently has an average rating of “Buy” and a consensus target price of $77.21.

CocaCola Stock Performance

KO opened at $69.01 on Monday. The business has a fifty day simple moving average of $69.78 and a 200 day simple moving average of $70.51. The company has a market capitalization of $297.00 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 3.59 and a beta of 0.43. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98.

CocaCola (NYSE:KO) last released 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 the consensus estimate of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Research analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

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

Insider Transactions at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction 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 transaction, the insider directly owned 209,513 shares of the company’s stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by company insiders.

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.