Dakota Wealth Management Acquires 25,444 Shares of CocaCola Company (The) $KO

Key Points

• Dakota Wealth Management increased its stake in CocaCola by 26.5%, now holding a total of 121,323 shares worth approximately $8.58 million.
• CocaCola reported $0.87 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue of $12.50 billion for the same period.
• The company announced a quarterly dividend of $0.51 per share, which represents an annualized yield of 3.1% and will be paid on October 1st.

Dakota Wealth Management lifted its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 26.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 121,323 shares of the company's stock after buying an additional 25,444 shares during the quarter. Dakota Wealth Management's holdings in CocaCola were worth $8,584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KO. MorganRosel Wealth Management LLC acquired a new position in CocaCola in the first quarter valued at about $25,000. 1248 Management LLC bought a new position in CocaCola in the first quarter valued at approximately $26,000. Garde Capital Inc. acquired a new stake in CocaCola in the first quarter valued at about $30,000. Mizuho Securities Co. Ltd. boosted its stake in CocaCola by 360.0% in the first 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 boosted its stake in CocaCola by 148.4% in the first 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. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Performance

Shares of KO opened at $66.40 on Thursday. 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 stock has a 50-day moving average of $68.76 and a 200-day moving average of $70.13. The company has a market cap of $285.74 billion, a PE ratio of 23.54, a P/E/G ratio of 3.47 and a beta of 0.43. CocaCola Company has a one year low of $60.62 and a one year 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. During the same period last year, the business earned $0.84 EPS. CocaCola's quarterly 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. On average, equities research analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

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

Insider Transactions at CocaCola

In other CocaCola 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 transaction of $2,584,063.60. Following the completion of the transaction, the insider directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.97% of the company's stock.

Analyst Ratings Changes

KO has been the subject of several research reports. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. JPMorgan Chase & Co. increased their price objective 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 reaffirmed an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. UBS Group lowered their target price on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Finally, Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat, CocaCola presently has a consensus rating of "Buy" and an average price target of $76.93.

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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