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

Schrum Private Wealth Management LLC increased its holdings in CocaCola Company (The) (NYSE:KO) by 2.1% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 10,248 shares of the company’s stock after buying an additional 210 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in CocaCola were worth $725,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Maryland State Retirement & Pension System increased its holdings 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 buying an additional 7,473 shares in the last quarter. Optas LLC increased its holdings 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 buying an additional 1,067 shares in the last quarter. Capital Management Associates Inc bought a new stake in CocaCola in the 2nd quarter worth about $266,000. Massachusetts Wealth Management boosted its position in CocaCola by 1.2% in the second quarter. Massachusetts Wealth Management now owns 35,121 shares of the company’s stock worth $2,485,000 after purchasing an additional 415 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its position in CocaCola by 4.2% in the second quarter. Clear Creek Financial Management LLC now owns 12,674 shares of the company’s stock worth $897,000 after purchasing an additional 508 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KO has been the topic of several research reports. UBS Group dropped their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. BNP Paribas reissued an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their target price on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $76.93.

Insider Transactions at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.97% of the company’s stock.

CocaCola Stock Down 1.0%

NYSE KO opened at $66.10 on Thursday. The stock’s 50-day moving average price is $68.13 and its 200-day moving average price is $69.88. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a market capitalization of $284.47 billion, a P/E ratio of 23.44, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The firm had revenue of $12.50 billion for 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 business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

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

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.