Marietta Wealth Management LLC Has $385,000 Stake in CocaCola Company (The) $KO

Marietta Wealth Management LLC trimmed its holdings in shares of CocaCola Company (The) (NYSE:KO) by 4.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,442 shares of the company’s stock after selling 234 shares during the period. Marietta Wealth Management LLC’s holdings in CocaCola were worth $385,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new position in CocaCola during the first quarter worth $25,000. 1248 Management LLC acquired a new position in CocaCola during the first quarter worth $26,000. Garde Capital Inc. acquired a new position in CocaCola during the first quarter worth $30,000. Mizuho Securities Co. Ltd. increased its position in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after buying an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC boosted its holdings in CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after acquiring an additional 285 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CocaCola

In related 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 value of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.97% of the stock is owned by company insiders.

CocaCola Stock Up 0.8%

Shares of KO opened at $66.65 on Friday. The company has a 50-day simple moving average of $68.27 and a 200-day simple moving average of $69.94. The firm has a market capitalization of $286.86 billion, a P/E ratio of 23.64, a P/E/G ratio of 3.47 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38.

CocaCola (NYSE:KO) last announced 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. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a $0.51 dividend. 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 72.34%.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. UBS Group decreased their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. BNP Paribas restated an “outperform” rating and set a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. JPMorgan Chase & Co. upped their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $76.93.

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.