CocaCola Company (The) $KO Stock Holdings Lifted by Tectonic Advisors LLC

Key Points

• Tectonic Advisors LLC increased its holdings in CocaCola Company by 8.5% in the second quarter, totaling $9,416,000 after acquiring 10,472 additional shares.
• CocaCola's latest earnings report indicated an EPS of $0.87, surpassing consensus estimates of $0.83, while revenue reached $12.50 billion.
• Analysts have a consensus rating of "Buy" for CocaCola with an average target price of $76.93, despite some firms adjusting their price targets downward.

Tectonic Advisors LLC lifted its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 8.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 133,082 shares of the company's stock after buying an additional 10,472 shares during the quarter. Tectonic Advisors LLC's holdings in CocaCola were worth $9,416,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Sage Financial Management Group Inc. bought a new stake in CocaCola in the 1st quarter valued at about $216,000. Perigon Wealth Management LLC lifted its position in CocaCola by 3.6% in the 2nd quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company's stock valued at $9,209,000 after purchasing an additional 4,469 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in CocaCola by 6.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company's stock valued at $2,212,300,000 after purchasing an additional 1,794,561 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in CocaCola by 3.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock valued at $8,686,000 after purchasing an additional 3,920 shares during the last quarter. Finally, Roundview Capital LLC lifted its position in CocaCola by 9.1% in the 2nd quarter. Roundview Capital LLC now owns 34,965 shares of the company's stock valued at $2,474,000 after purchasing an additional 2,923 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. BNP Paribas reissued an "outperform" rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. Wells Fargo & Company lowered their target price on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of CocaCola in a research note on Wednesday. Finally, UBS Group lowered their target price on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company's stock. According to data from MarketBeat.com, CocaCola presently has a consensus rating of "Buy" and an average target price of $76.93.

CocaCola Stock Performance

Shares of KO opened at $66.10 on Thursday. The firm's 50 day moving average is $68.13 and its 200-day moving average is $69.88. The stock has a market capitalization of $284.47 billion, a P/E ratio of 23.44, a P/E/G ratio of 3.48 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. 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 announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

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

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred on 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 transaction, the insider directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.97% of the stock is currently owned by company insiders.

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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