Jump Financial LLC Has $407,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

Posted by Defense World Staff on Aug 8th, 2023

Jump Financial LLC boosted its stake in shares of The Coca-Cola Company (NYSE:KO – Free Report) by 80.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,560 shares of the company’s stock after buying an additional 2,925 shares during the period. Jump Financial LLC’s holdings in Coca-Cola were worth $407,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of KO. Pacific Wealth Strategies Group Inc. raised its holdings in shares of Coca-Cola by 12.8% in the first quarter. Pacific Wealth Strategies Group Inc. now owns 15,800 shares of the company’s stock valued at $980,000 after purchasing an additional 1,788 shares during the last quarter. Arabesque Asset Management Ltd lifted its position in Coca-Cola by 104.1% during the 4th quarter. Arabesque Asset Management Ltd now owns 73,354 shares of the company’s stock worth $4,666,000 after buying an additional 37,412 shares in the last quarter. Janney Capital Management LLC grew its holdings in shares of Coca-Cola by 13.5% in the 1st quarter. Janney Capital Management LLC now owns 50,687 shares of the company’s stock valued at $3,144,000 after acquiring an additional 6,020 shares in the last quarter. Procyon Advisors LLC increased its position in shares of Coca-Cola by 26.1% in the first quarter. Procyon Advisors LLC now owns 13,313 shares of the company’s stock valued at $826,000 after acquiring an additional 2,758 shares during the last quarter. Finally, National Pension Service raised its holdings in Coca-Cola by 2.3% during the fourth quarter. National Pension Service now owns 5,950,675 shares of the company’s stock worth $378,522,000 after acquiring an additional 134,244 shares in the last quarter. Institutional investors own 68.61% of the company’s stock.

Coca-Cola Stock Performance

Shares of NYSE:KO opened at $61.20 on Tuesday. The Coca-Cola Company has a 12-month low of $54.01 and a 12-month high of $65.47. The company’s 50 day moving average price is $60.98 and its two-hundred day moving average price is $61.30. The firm has a market cap of $264.63 billion, a PE ratio of 25.18, a PEG ratio of 3.56 and a beta of 0.54. The company has a quick ratio of 0.95, a current ratio of 1.14 and a debt-to-equity ratio of 1.29.

Coca-Cola (NYSE:KO – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $12 billion for the quarter, compared to the consensus estimate of $11.74 billion. Coca-Cola had a return on equity of 43.06% and a net margin of 23.81%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 earnings per share. Equities research analysts predict that The Coca-Cola Company will post 2.63 earnings per share for the current year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola’s dividend payout ratio is currently 75.72%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KO shares. Citigroup upped their price objective on Coca-Cola from $71.00 to $74.00 in a research note on Monday, April 24th. Barclays lifted their price objective on shares of Coca-Cola from $69.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Wedbush upped their target price on shares of Coca-Cola from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. StockNews.com began coverage on Coca-Cola in a report on Thursday, May 18th. They set a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Coca-Cola from $61.00 to $63.00 in a research note on Tuesday, April 25th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Get Our Latest Report on KO

Insider Activity

In other Coca-Cola news, CFO John Murphy sold 156,290 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $62.10, for a total value of $9,705,609.00. Following the sale, the chief financial officer now owns 228,830 shares of the company’s stock, valued at approximately $14,210,343. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Henrique Braun sold 16,950 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $64.03, for a total value of $1,085,308.50. Following the completion of the transaction, the insider now owns 26,272 shares of the company’s stock, valued at approximately $1,682,196.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John Murphy sold 156,290 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $62.10, for a total transaction of $9,705,609.00. Following the completion of the sale, the chief financial officer now owns 228,830 shares in the company, valued at approximately $14,210,343. The disclosure for this sale can be found here. In the last ninety days, insiders sold 223,240 shares of company stock worth $13,923,918. 1.00% of the stock is currently owned by corporate insiders.

Coca-Cola Profile

(Free Report)

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.