Friedenthal Financial Purchases Shares of 13,739 CocaCola Company (The) $KO

Friedenthal Financial purchased a new stake in CocaCola Company (The) (NYSE:KO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 13,739 shares of the company’s stock, valued at approximately $972,000.

A number of other hedge funds also recently bought and sold shares of the stock. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola during the 1st quarter worth about $25,000. 1248 Management LLC acquired a new stake in shares of CocaCola during the 1st quarter worth about $26,000. Garde Capital Inc. acquired a new stake in shares of CocaCola during the 1st quarter worth about $30,000. Mizuho Securities Co. Ltd. raised its position in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after acquiring an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC raised its position in shares of CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after acquiring an additional 285 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KO. 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. 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. UBS Group decreased their price objective on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research report on Saturday, September 27th. Finally, BNP Paribas restated an “outperform” rating and set a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $76.93.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by company insiders.

CocaCola Stock Up 1.0%

NYSE:KO opened at $66.79 on Wednesday. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a 50-day moving average of $68.18 and a 200 day moving average of $69.91. The firm has a market cap of $287.43 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 3.44 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98.

CocaCola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

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

CocaCola 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.