CocaCola Company (The) $KO Shares Purchased by Capital Advisors Inc. OK

Key Points

• Capital Advisors Inc. OK increased its position in CocaCola shares by 25.4%, acquiring an additional 145,337 shares, bringing its total holdings to 716,741 shares valued at approximately $50.7 million.
• Several analysts have issued ratings and price targets for CocaCola, with JPMorgan raising its target from $77 to $79 and Royal Bank of Canada setting a target of $76, while Wells Fargo lowered its target from $78 to $75.
• CocaCola recently announced a quarterly dividend of $0.51 per share, with a dividend yield of 3.1% and a payout ratio of 72.34%.

Capital Advisors Inc. OK increased its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 25.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 716,741 shares of the company's stock after acquiring an additional 145,337 shares during the period. Capital Advisors Inc. OK's holdings in CocaCola were worth $50,709,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KO. MorganRosel Wealth Management LLC acquired a new position in CocaCola during the 1st quarter worth about $25,000. 1248 Management LLC acquired a new position in CocaCola during the 1st quarter worth about $26,000. Garde Capital Inc. acquired a new position in CocaCola during the 1st quarter worth about $30,000. Mizuho Securities Co. Ltd. lifted its stake in 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 lifted its stake in 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.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KO. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. Wells Fargo & Company cut their price target on CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. upped their price target on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Weiss Ratings restated a "buy (b-)" rating on shares of CocaCola in a report on Saturday, September 27th. Finally, Morgan Stanley restated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company's stock. According to MarketBeat, CocaCola presently has an average rating of "Buy" and an average target price of $76.93.

CocaCola Price Performance

Shares of NYSE KO opened at $66.65 on Monday. 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 fifty-two week low of $60.62 and a fifty-two week high of $74.38. The firm has a market capitalization 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 stock's 50-day simple moving average is $68.27 and its 200-day simple moving average is $69.95.

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. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. During the same quarter last year, the company earned $0.84 EPS. The business's quarterly revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities research analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

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

Insider Buying and Selling at CocaCola

In other 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 sale, the insider 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.97% of the company's stock.

About CocaCola

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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