CocaCola Company (The) $KO Holdings Lifted by MBL Wealth LLC

Key Points

• MBL Wealth LLC increased its stake in CocaCola Company by 75.0%, owning 8,968 shares worth approximately $634,000 as of the latest SEC filing.
• CocaCola reported a quarterly earnings per share (EPS) of $0.87, exceeding analysts' expectations, while revenue reached $12.50 billion, marking a 2.5% increase from the previous year.
• The company has declared a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 3.1% and a payout ratio of 72.34%.

MBL Wealth LLC grew its position in CocaCola Company (The) (NYSE:KO - Free Report) by 75.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,968 shares of the company's stock after purchasing an additional 3,842 shares during the period. MBL Wealth LLC's holdings in CocaCola were worth $634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola during the 1st quarter worth about $25,000. 1248 Management LLC bought a new stake in shares of CocaCola during the 1st quarter worth about $26,000. Garde Capital Inc. bought 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 buying 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 buying an additional 285 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction that occurred on 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 sale, the insider owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.97% of the stock is owned by corporate insiders.

CocaCola Stock Up 0.8%

KO stock opened at $66.65 on Friday. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company's 50 day simple moving average is $68.27 and its 200-day simple moving average is $69.94. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. 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.

CocaCola (NYSE:KO - Get Free Report) last released 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. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. During the same quarter in the previous year, the business earned $0.84 earnings per share. The firm's revenue 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, equities research analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Morgan Stanley restated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. UBS Group dropped their price target on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. BNP Paribas reiterated an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Finally, Wells Fargo & Company dropped their target price on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to data from MarketBeat, CocaCola presently has a consensus rating of "Buy" and a consensus price target of $76.93.

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.

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