Joel Isaacson & Co. LLC Has $1.52 Million Stock Position in CocaCola Company (The) $KO

Joel Isaacson & Co. LLC increased its position in shares of CocaCola Company (The) (NYSE:KO) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,538 shares of the company’s stock after acquiring an additional 444 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in CocaCola were worth $1,524,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Roundview Capital LLC raised its holdings in CocaCola by 9.1% during the 2nd quarter. Roundview Capital LLC now owns 34,965 shares of the company’s stock worth $2,474,000 after purchasing an additional 2,923 shares during the last quarter. Sunbeam Capital Management LLC grew its holdings in CocaCola by 7.5% during the second quarter. Sunbeam Capital Management LLC now owns 14,713 shares of the company’s stock valued at $1,048,000 after purchasing an additional 1,021 shares during the period. CFM Wealth Partners LLC grew its holdings in shares of CocaCola by 1.2% in the 2nd quarter. CFM Wealth Partners LLC now owns 68,993 shares of the company’s stock valued at $4,881,000 after buying an additional 841 shares during the period. KLP Kapitalforvaltning AS raised its stake in CocaCola by 4.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 1,769,745 shares of the company’s stock worth $125,968,000 after buying an additional 72,445 shares during the period. Finally, Bingham Private Wealth LLC lifted its holdings in CocaCola by 64.6% during the second quarter. Bingham Private Wealth LLC now owns 13,030 shares of the company’s stock worth $922,000 after acquiring an additional 5,116 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Trading Down 0.8%

KO opened at $66.09 on Tuesday. The stock has a market capitalization of $284.43 billion, a PE ratio of 23.44, a P/E/G ratio of 3.47 and a beta of 0.43. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. 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 business’s 50 day moving average price is $68.23 and its 200 day moving average price is $69.93.

CocaCola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping 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 business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same period last year, the business posted $0.84 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities research analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

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 is presently 72.34%.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities analysts have recently commented on KO shares. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research note on Saturday, September 27th. JPMorgan Chase & Co. increased their price objective on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. 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. UBS Group lowered their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Finally, Wells Fargo & Company cut their target price on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. One 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 company currently has an average rating of “Buy” and an average price target of $76.93.

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.