KG&L Capital Management LLC Has $2.07 Million Stock Position in CocaCola Company (The) $KO

Key Points

• KG&L Capital Management LLC significantly increased its stake in CocaCola Company by 189.8%, holding 29,318 shares valued at approximately $2.07 million after purchasing an additional 19,202 shares.
• CocaCola reported $0.87 EPS for the quarter, exceeding estimates by 4 cents, but its quarterly revenue of $12.50 billion fell slightly short of analyst expectations.
• The company announced a quarterly dividend of $0.51, set to be paid on October 1st, with a dividend yield of 3.1% and a payout ratio of 72.34%.

KG&L Capital Management LLC raised its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 189.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,318 shares of the company's stock after buying an additional 19,202 shares during the period. KG&L Capital Management LLC's holdings in CocaCola were worth $2,074,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sage Financial Management Group Inc. bought a new position in shares of CocaCola during the first quarter valued at $216,000. Perigon Wealth Management LLC raised its stake in CocaCola by 3.6% during the second quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company's stock worth $9,209,000 after buying an additional 4,469 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in 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 worth $2,212,300,000 after buying an additional 1,794,561 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in CocaCola by 3.3% during the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock worth $8,686,000 after buying an additional 3,920 shares during the last quarter. Finally, Banque Pictet & Cie SA raised its stake in CocaCola by 72.6% during the second quarter. Banque Pictet & Cie SA now owns 204,392 shares of the company's stock worth $14,461,000 after buying an additional 85,950 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

CocaCola Price Performance

KO stock opened at $65.64 on Friday. 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 one year low of $60.62 and a one year high of $74.38. The stock has a market cap of $282.49 billion, a PE ratio of 23.28, a P/E/G ratio of 3.42 and a beta of 0.43. The firm has a 50 day simple moving average of $68.58 and a two-hundred day simple moving average of $70.05.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion for 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 firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm 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 $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KO. 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 decreased their price target on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. UBS Group reduced their price objective on shares of 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. boosted their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to MarketBeat, CocaCola presently has a consensus rating of "Buy" and a consensus target price of $76.93.

Insider Activity

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm's 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 owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade 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 the SEC website. Insiders own 0.97% of the company's stock.

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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