SOA Wealth Advisors LLC. Buys 269 Shares of CocaCola Company (The) $KO

SOA Wealth Advisors LLC. raised its stake in CocaCola Company (The) (NYSE:KO) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,888 shares of the company’s stock after acquiring an additional 269 shares during the period. SOA Wealth Advisors LLC.’s holdings in CocaCola were worth $558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KO. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola during the 1st quarter valued at approximately $25,000. 1248 Management LLC bought a new position in CocaCola during the first quarter valued at $26,000. Garde Capital Inc. bought a new position in CocaCola during the first quarter valued at $30,000. Mizuho Securities Co. Ltd. grew its stake in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after buying an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC increased its holdings in shares of CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after buying an additional 285 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Up 0.6%

Shares of KO stock opened at $66.75 on Thursday. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The stock has a market cap of $287.25 billion, a P/E ratio of 23.67, a P/E/G ratio of 3.46 and a beta of 0.43. The stock has a 50 day moving average of $68.38 and a 200 day moving average of $69.99. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.55 billion. During the same quarter last year, the company earned $0.84 EPS. The business’s revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, sell-side analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, September 15th. CocaCola’s dividend payout ratio is presently 72.34%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KO. Morgan Stanley reissued an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Wells Fargo & Company decreased their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an “outperform” rating in a research note on Monday, July 21st. UBS Group reduced 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. Finally, BNP Paribas reissued an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and an average target price of $76.93.

Insider Activity at CocaCola

In related 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 value of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is owned by company insiders.

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.