Integrity Alliance LLC. Grows Stock Position in CocaCola Company (The) $KO

Integrity Alliance LLC. lifted its stake in CocaCola Company (The) (NYSE:KO) by 204.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,885 shares of the company’s stock after purchasing an additional 46,288 shares during the period. Integrity Alliance LLC.’s holdings in CocaCola were worth $4,934,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KO. New Republic Capital LLC increased its position in shares of CocaCola by 1.6% during the first quarter. New Republic Capital LLC now owns 8,662 shares of the company’s stock worth $625,000 after acquiring an additional 139 shares in the last quarter. Alteri Wealth LLC grew its position in CocaCola by 2.1% in the first quarter. Alteri Wealth LLC now owns 6,874 shares of the company’s stock valued at $492,000 after purchasing an additional 140 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in CocaCola by 0.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company’s stock valued at $1,439,000 after purchasing an additional 143 shares in the last quarter. MBA Advisors LLC grew its position in CocaCola by 1.2% in the first quarter. MBA Advisors LLC now owns 12,443 shares of the company’s stock valued at $891,000 after purchasing an additional 143 shares in the last quarter. Finally, BXM Wealth LLC grew its position in CocaCola by 4.3% in the first quarter. BXM Wealth LLC now owns 3,532 shares of the company’s stock valued at $253,000 after purchasing an additional 144 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Price Performance

Shares of CocaCola stock opened at $67.95 on Wednesday. CocaCola Company has a twelve month low of $60.62 and a twelve month 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 company has a 50-day simple moving average of $69.51 and a two-hundred day simple moving average of $70.44. The stock has a market capitalization of $292.43 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 3.51 and a beta of 0.43.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share 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 during the quarter, compared to analysts’ expectations of $12.55 billion. During the same quarter in the previous year, the company earned $0.84 EPS. The business’s revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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%.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm’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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KO. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. UBS Group cut their price target on shares of 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 shares of CocaCola and gave the company an “outperform” rating in a research note on Monday, July 21st. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Finally, BNP Paribas reiterated an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to data from MarketBeat, CocaCola currently has a consensus rating of “Buy” and a consensus target price of $77.21.

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.