Valeo Financial Advisors LLC Has $9.06 Million Holdings in CocaCola Company (The) $KO

Key Points

• Valeo Financial Advisors LLC increased its holdings in CocaCola Company by 4.8% during Q2, now owning 128,019 shares valued at approximately $9.06 million.
• The company recently announced a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 3.1%.
• Shares of CocaCola opened at $66.65, with a market capitalization of $286.86 billion and a notable earnings per share (EPS) of $0.87 for the last quarter.

Valeo Financial Advisors LLC increased its position in CocaCola Company (The) (NYSE:KO - Free Report) by 4.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 128,019 shares of the company's stock after purchasing an additional 5,839 shares during the period. Valeo Financial Advisors LLC's holdings in CocaCola were worth $9,057,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC raised its position in CocaCola by 13.8% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 139,963 shares of the company's stock valued at $9,902,000 after buying an additional 16,966 shares during the period. Woodmont Investment Counsel LLC lifted its position in shares of CocaCola by 1.0% in the second quarter. Woodmont Investment Counsel LLC now owns 112,824 shares of the company's stock worth $7,982,000 after purchasing an additional 1,087 shares in the last quarter. Grimes & Company Inc. boosted its holdings in shares of CocaCola by 10.9% during the second quarter. Grimes & Company Inc. now owns 26,140 shares of the company's stock worth $1,849,000 after purchasing an additional 2,563 shares during the period. JSF Financial LLC grew its position in CocaCola by 10.3% during the second quarter. JSF Financial LLC now owns 3,212 shares of the company's stock valued at $227,000 after purchasing an additional 299 shares in the last quarter. Finally, Merit Financial Group LLC lifted its position in CocaCola by 70.7% in the 2nd quarter. Merit Financial Group LLC now owns 199,259 shares of the company's stock worth $14,098,000 after buying an additional 82,550 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KO shares. UBS Group dropped their price target 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. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CocaCola in a research note on Saturday, September 27th. Wells Fargo & Company reduced their price target on CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $76.93.

CocaCola Price Performance

Shares of KO stock opened at $66.65 on Monday. The company has a market capitalization of $286.86 billion, a P/E ratio of 23.64, a P/E/G ratio of 3.47 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock has a 50 day moving average of $68.27 and a two-hundred day moving average of $69.95. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The business had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.CocaCola's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

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

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the transaction, the insider owned 209,513 shares in the company, valued at $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. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.