CocaCola Company (The) $KO Shares Acquired by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners LLC increased its holdings in CocaCola Company by 7.0%, acquiring 12,190 additional shares, bringing its total to 185,850 shares valued at over $13 million.
• The company reported $0.87 earnings per share for the last quarter, exceeding estimates, and had quarterly revenue of $12.50 billion, despite slightly missing analyst expectations.
• CocaCola has announced a quarterly dividend of $0.51, resulting in an annualized yield of 3.1% and a payout ratio of approximately 72.34%.

Cyndeo Wealth Partners LLC increased its position in CocaCola Company (The) (NYSE:KO - Free Report) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,850 shares of the company's stock after acquiring an additional 12,190 shares during the period. Cyndeo Wealth Partners LLC's holdings in CocaCola were worth $13,149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new stake in CocaCola in the 1st quarter valued at approximately $25,000. 1248 Management LLC purchased a new stake in CocaCola in the 1st quarter valued at approximately $26,000. Garde Capital Inc. purchased a new stake in CocaCola in the 1st quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. lifted its stake in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after buying an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC lifted its stake in CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after buying an additional 285 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Trading Up 0.3%

Shares of KO opened at $66.30 on Friday. 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 firm has a market capitalization of $285.33 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 3.44 and a beta of 0.43. The stock's fifty day simple moving average is $68.09 and its 200 day simple moving average is $69.86. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. The business had revenue of $12.50 billion for the quarter, compared to analyst estimates 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 last year, the company posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently announced 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 dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, September 15th. CocaCola's dividend payout ratio (DPR) is 72.34%.

Analysts Set New Price Targets

A number of research firms recently issued reports on KO. UBS Group reduced their target price on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CocaCola in a research note on Wednesday. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. BNP Paribas reissued an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $76.93.

Insider Buying and Selling at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction 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 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 can be accessed through the SEC website. Company insiders own 0.97% of the company's stock.

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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