Greenwood Capital Associates LLC Raises Holdings in CocaCola Company (The) $KO

Greenwood Capital Associates LLC boosted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,167 shares of the company’s stock after purchasing an additional 304 shares during the quarter. Greenwood Capital Associates LLC’s holdings in CocaCola were worth $5,601,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KO. Brighton Jones LLC boosted its position in CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after purchasing an additional 293 shares in the last quarter. Apella Capital LLC boosted its position in CocaCola by 64.0% during the first quarter. Apella Capital LLC now owns 17,709 shares of the company’s stock worth $1,239,000 after purchasing an additional 6,909 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in CocaCola by 29,595.7% during the first quarter. Contravisory Investment Management Inc. now owns 6,830 shares of the company’s stock worth $489,000 after purchasing an additional 6,807 shares in the last quarter. Finally, Johnson & White Wealth Management LLC boosted its position in CocaCola by 2.1% during the first quarter. Johnson & White Wealth Management LLC now owns 14,290 shares of the company’s stock worth $1,023,000 after purchasing an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KO. JPMorgan Chase & Co. lifted their price target on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. BNP Paribas reissued an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an “outperform” rating in a research note on Monday, July 21st. Wells Fargo & Company reduced their price objective on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. One investment 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.com, CocaCola has a consensus rating of “Buy” and a consensus price target of $76.93.

CocaCola Stock Down 1.0%

CocaCola stock opened at $66.09 on Friday. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week 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 company has a market capitalization of $284.44 billion, a P/E ratio of 23.44, a PEG ratio of 3.48 and a beta of 0.43. The stock has a 50-day simple moving average of $68.32 and a 200-day simple moving average of $69.96.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. The business had revenue of $12.50 billion during 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 quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

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

Insider Buying and Selling at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the company’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 in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.97% of the stock is currently owned by corporate insiders.

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.