Friedenthal Financial Takes $972,000 Position in CocaCola Company (The) $KO

Key Points

• Friedenthal Financial acquired a new stake in CocaCola valued at approximately $972,000 during the 2nd quarter, purchasing 13,739 shares of the stock.
• The CocaCola Company reported earnings of $0.87 per share in its latest quarterly results, exceeding analyst estimates and reflecting a 2.5% revenue increase compared to the previous year.
• The company has declared a quarterly dividend of $0.51 per share, resulting in a 3.1% dividend yield and a payout ratio of 72.34%.

Friedenthal Financial acquired a new stake in CocaCola Company (The) (NYSE:KO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,739 shares of the company's stock, valued at approximately $972,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. BankPlus Trust Department raised its stake in CocaCola by 5.1% in the 2nd quarter. BankPlus Trust Department now owns 42,317 shares of the company's stock valued at $2,994,000 after purchasing an additional 2,039 shares during the last quarter. SGL Investment Advisors Inc. raised its stake in CocaCola by 4.7% in the 2nd quarter. SGL Investment Advisors Inc. now owns 6,419 shares of the company's stock valued at $451,000 after purchasing an additional 290 shares during the last quarter. Independent Solutions Wealth Management LLC raised its stake in CocaCola by 0.4% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 52,543 shares of the company's stock valued at $3,717,000 after purchasing an additional 199 shares during the last quarter. Shell Asset Management Co. raised its stake in CocaCola by 76.7% in the 2nd quarter. Shell Asset Management Co. now owns 106,020 shares of the company's stock valued at $7,501,000 after purchasing an additional 46,025 shares during the last quarter. Finally, TriaGen Wealth Management LLC raised its stake in CocaCola by 7.1% in the 2nd quarter. TriaGen Wealth Management LLC now owns 3,834 shares of the company's stock valued at $271,000 after purchasing an additional 254 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Stock Performance

NYSE KO opened at $66.79 on Wednesday. The stock has a market cap of $287.43 billion, a PE ratio of 23.68, a P/E/G ratio of 3.44 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The stock has a fifty day simple moving average of $68.18 and a 200-day simple moving average of $69.91.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share 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 business had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $12.55 billion. During the same period in the prior year, the business posted $0.84 EPS. The company'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. Equities analysts anticipate 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 paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.1%. CocaCola's dividend payout ratio is presently 72.34%.

Analysts Set New Price Targets

KO has been the subject of several recent research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of CocaCola in a research note on Saturday, September 27th. BNP Paribas restated an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Wells Fargo & Company dropped their target price on CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. UBS Group dropped 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, JPMorgan Chase & Co. upped their target price on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $76.93.

Insider Transactions at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the 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 transaction, the insider owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% 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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