Joel Isaacson & Co. LLC Raises Stake in CocaCola Company (The) $KO

Joel Isaacson & Co. LLC boosted its position in shares of CocaCola Company (The) (NYSE:KO) by 2.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 21,538 shares of the company’s stock after acquiring an additional 444 shares during the period. Joel Isaacson & Co. LLC’s holdings in CocaCola were worth $1,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KO. MorganRosel Wealth Management LLC purchased a new position in CocaCola in the first quarter valued at $25,000. 1248 Management LLC purchased a new position in shares of CocaCola in the 1st quarter valued at about $26,000. Garde Capital Inc. acquired a new stake in shares of CocaCola during the 1st quarter worth about $30,000. Mizuho Securities Co. Ltd. lifted its stake in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after purchasing an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC boosted its holdings in CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after purchasing an additional 285 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KO has been the subject of several recent analyst reports. BNP Paribas restated an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Morgan Stanley restated an “overweight” rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. One investment 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, the company has a consensus rating of “Buy” and a consensus target price of $76.93.

CocaCola Stock Performance

Shares of KO opened at $66.09 on Tuesday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The stock has a market capitalization of $284.43 billion, a P/E ratio of 23.44, a P/E/G ratio of 3.47 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The company’s fifty day moving average is $68.23 and its two-hundred day moving average is $69.93.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) 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 firm had revenue of $12.50 billion during the quarter, compared to analysts’ expectations of $12.55 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, sell-side analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

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

Insider Transactions at CocaCola

In other CocaCola 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 value of $2,584,063.60. Following the completion of the sale, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% 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.