Spectrum Strategic Capital Management LLC Takes Position in CocaCola Company (The) $KO

Key Points

• Spectrum Strategic Capital Management LLC acquired a new stake in Coca-Cola Company, purchasing 14,823 shares valued at approximately $1,049,000, making it the firm's 29th largest investment position.
• Coca-Cola reported $0.87 earnings per share (EPS) for the latest quarter, exceeding analyst estimates of $0.83, while total revenue was slightly below expectations at $12.50 billion.
• The company announced a quarterly dividend of $0.51, which will be paid on October 1st, representing an annualized dividend yield of 3.1% with a payout ratio of 72.34%.

Spectrum Strategic Capital Management LLC purchased a new stake in CocaCola Company (The) (NYSE:KO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,823 shares of the company's stock, valued at approximately $1,049,000. CocaCola makes up about 0.5% of Spectrum Strategic Capital Management LLC's investment portfolio, making the stock its 29th biggest holding.

A number of other large investors have also made changes to their positions in KO. MorganRosel Wealth Management LLC acquired a new stake in CocaCola in the 1st quarter valued at about $25,000. 1248 Management LLC acquired a new stake in CocaCola in the 1st quarter valued at about $26,000. Garde Capital Inc. acquired a new stake in CocaCola in the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. grew its stake in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after acquiring an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC grew its stake in CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after acquiring an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Price Performance

CocaCola stock opened at $66.00 on Tuesday. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The stock has a market capitalization of $284.04 billion, a P/E ratio of 23.40, a P/E/G ratio of 3.42 and a beta of 0.43. The firm's 50-day moving average is $68.50 and its two-hundred day moving average is $70.04. 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 (NYSE:KO - Get Free Report) last released its quarterly 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 net margin of 25.89% and a return on equity of 44.91%. 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 company earned $0.84 EPS. The firm's revenue for the quarter 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 predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

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

Insider Activity

In related 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 value of $2,584,063.60. Following the sale, the insider directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on KO. UBS Group lowered their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. BNP Paribas reissued an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Wells Fargo & Company lowered their price objective on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. raised their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. 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 note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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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