Grant Private Wealth Management Inc Increases Stake in CocaCola Company (The) $KO

Key Points

• Grant Private Wealth Management Inc increased its stake in CocaCola by an impressive 1,310.5% during Q2, acquiring an additional 88,666 shares, bringing its total to 95,432 shares.
• Recent analyst reports show a general positive outlook for CocaCola, with price targets ranging from $76.00 to $84.00, and an average rating of "Buy" from investment analysts.
• CocaCola has announced a $0.51 quarterly dividend to be paid on October 1st, yielding an annualized dividend of 3.1%, which reflects a dividend payout ratio of 72.34%.

Grant Private Wealth Management Inc boosted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 1,310.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,432 shares of the company's stock after acquiring an additional 88,666 shares during the period. CocaCola accounts for 3.8% of Grant Private Wealth Management Inc's investment portfolio, making the stock its 5th biggest holding. Grant Private Wealth Management Inc's holdings in CocaCola were worth $6,752,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in KO. Vanguard Group Inc. raised its position in shares of CocaCola by 0.3% during the first quarter. Vanguard Group Inc. now owns 361,200,808 shares of the company's stock valued at $25,869,202,000 after buying an additional 1,114,422 shares during the last quarter. Wellington Management Group LLP raised its position in shares of CocaCola by 52.7% during the first quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock valued at $3,398,185,000 after buying an additional 16,383,870 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of CocaCola by 6.2% during the first 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 buying an additional 1,794,561 shares during the last quarter. Amundi raised its position in shares of CocaCola by 16.0% during the first quarter. Amundi now owns 21,236,315 shares of the company's stock valued at $1,554,074,000 after buying an additional 2,922,619 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of CocaCola during the first quarter valued at about $1,508,657,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the sale, the insider directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by company insiders.

CocaCola Price Performance

Shares of NYSE KO traded down $0.16 during mid-day trading on Monday, hitting $66.27. 13,283,842 shares of the stock were exchanged, compared to its average volume of 16,997,010. The company has a market cap of $285.20 billion, a P/E ratio of 23.50, a PEG ratio of 3.46 and a beta of 0.43. The stock's fifty day simple moving average is $68.93 and its two-hundred day simple moving average is $70.21. 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 twelve month low of $60.62 and a twelve month high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid 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 is Monday, September 15th. CocaCola's dividend payout ratio is 72.34%.

Analysts Set New Price Targets

Several research firms recently issued reports on KO. BNP Paribas reissued an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. UBS Group dropped their price target on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Finally, Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price 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.