Revisor Wealth Management LLC Buys 6,574 Shares of CocaCola Company (The) $KO

Key Points

• Revisor Wealth Management LLC increased its stake in CocaCola Company by 57.7%, owning a total of 17,964 shares valued at $1.253 million after purchasing an additional 6,574 shares.
• CocaCola's most recent earnings report showed an EPS of $0.87, exceeding analyst expectations, and revenue of $12.50 billion for the quarter, which was a 2.5% increase year-over-year.
• The company has announced a quarterly dividend of $0.51 per share, providing a dividend yield of 3.1%, with an ex-dividend date set for September 15th.

Revisor Wealth Management LLC increased its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 57.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,964 shares of the company's stock after purchasing an additional 6,574 shares during the period. Revisor Wealth Management LLC's holdings in CocaCola were worth $1,253,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola during the first quarter valued at approximately $25,000. 1248 Management LLC bought a new position in CocaCola in the first quarter worth $26,000. Garde Capital Inc. bought a new position in CocaCola in the first quarter worth $30,000. Mizuho Securities Co. Ltd. raised its holdings in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after purchasing an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC raised its holdings in CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after purchasing an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Trading Down 0.2%

Shares of NYSE:KO opened at $66.27 on Tuesday. The stock has a market capitalization of $285.20 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 3.46 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The stock's 50-day simple moving average is $68.87 and its two-hundred day simple moving average is $70.18. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

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

CocaCola Dividend Announcement

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

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola 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 directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. BNP Paribas restated an "outperform" rating and set a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Morgan Stanley restated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, UBS Group reduced their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $76.93.

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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