CocaCola Company (The) $KO Stock Position Lifted by Emerald Advisors LLC

Emerald Advisors LLC lifted its holdings in CocaCola Company (The) (NYSE:KO) by 5.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,724 shares of the company’s stock after purchasing an additional 959 shares during the quarter. CocaCola accounts for approximately 0.2% of Emerald Advisors LLC’s holdings, making the stock its 28th largest position. Emerald Advisors LLC’s holdings in CocaCola were worth $1,396,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of KO. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola in the first quarter valued at $25,000. 1248 Management LLC acquired a new stake in shares of CocaCola in the first quarter valued at $26,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the first quarter valued at $30,000. Mizuho Securities Co. Ltd. lifted its holdings in shares of CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after buying an additional 360 shares during the period. Finally, Ridgewood Investments LLC lifted its holdings in shares of 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 buying an additional 285 shares during the period. Institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KO. UBS Group reduced their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. JPMorgan Chase & Co. increased their price target on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company decreased their price target on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 price target on shares of CocaCola in a research report 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 report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $76.93.

CocaCola Stock Performance

Shares of NYSE KO opened at $66.00 on Tuesday. 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 firm has a market cap of $284.04 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 3.42 and a beta of 0.43. The business’s 50-day simple moving average is $68.50 and its 200-day simple moving average is $70.04. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. 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 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. CocaCola’s dividend payout ratio (DPR) is 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 that occurred 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 sale, the insider 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 SEC, which is available through this link. 0.97% of the stock is owned by company insiders.

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.