U.S. Capital Wealth Advisors LLC Purchases 11,418 Shares of CocaCola Company (The) $KO

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in Coca-Cola by 5.8%, acquiring an additional 11,418 shares, bringing their total holdings to 207,875 shares valued at approximately $14.7 million.
• Coca-Cola's recent quarterly earnings beat analysts' estimates, reporting an EPS of $0.87 compared to a consensus of $0.83, with revenue of $12.5 billion.
• The company announced a quarterly dividend of $0.51 per share, reflecting an annualized dividend yield of 3.1% and a payout ratio of 72.34%.

U.S. Capital Wealth Advisors LLC grew its position in CocaCola Company (The) (NYSE:KO - Free Report) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,875 shares of the company's stock after buying an additional 11,418 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in CocaCola were worth $14,707,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new stake in shares of CocaCola during the first quarter valued at approximately $25,000. 1248 Management LLC acquired a new position in shares of CocaCola in the 1st quarter worth approximately $26,000. Garde Capital Inc. acquired a new stake in CocaCola during the 1st quarter worth about $30,000. Mizuho Securities Co. Ltd. grew its holdings in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after buying an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC grew its stake in CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after purchasing an additional 285 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Price Performance

CocaCola stock traded down $0.16 during mid-day trading on Monday, hitting $66.27. 13,283,842 shares of the company traded hands, compared to its average volume of 17,977,178. The stock has a market cap of $285.20 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 3.46 and a beta of 0.43. The stock has a fifty day moving average price of $68.87 and a 200-day moving average price of $70.18. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. 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 (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The firm had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction on 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 completion of the sale, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This 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 can be accessed through the SEC website. Corporate insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

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

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.