Alta Wealth Advisors LLC Invests $305,000 in CocaCola Company (The) $KO

Key Points

• Alta Wealth Advisors LLC has invested $305,000 in Coca-Cola Company, acquiring 4,306 shares in the 2nd quarter.
• Analysts have set varying price targets for Coca-Cola, with Morgan Stanley's target at $81.00 and BNP Paribas at $83.00, while Wells Fargo reduced its target from $78.00 to $75.00.
• Coca-Cola announced a quarterly dividend of $0.51 per share, reflecting an annualized dividend yield of 3.1% as of the payment date on October 1st.

Alta Wealth Advisors LLC purchased a new position in shares of CocaCola Company (The) (NYSE:KO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,306 shares of the company's stock, valued at approximately $305,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new position in CocaCola in the 1st quarter worth about $25,000. 1248 Management LLC bought a new position in CocaCola in the 1st quarter worth about $26,000. Garde Capital Inc. bought a new position in CocaCola in the 1st quarter worth about $30,000. Mizuho Securities Co. Ltd. boosted its stake in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after purchasing an additional 360 shares during the period. Finally, Ridgewood Investments LLC boosted its stake in CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after purchasing an additional 285 shares during the period. Institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on KO. Morgan Stanley restated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. BNP Paribas restated an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. Weiss Ratings restated a "buy (b-)" rating on shares of CocaCola in a research note on Saturday, September 27th. Wells Fargo & Company dropped 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. Finally, Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $76.93.

CocaCola Stock Performance

Shares of KO opened at $66.65 on Friday. The company has a market cap of $286.86 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock has a 50-day moving average price of $68.27 and a 200-day moving average price of $69.94. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The firm 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 company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

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

Insider Buying and Selling at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.97% of the company's stock.

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.

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