CocaCola Company (The) $KO Shares Bought by KPP Advisory Services LLC

KPP Advisory Services LLC increased its position in CocaCola Company (The) (NYSE:KO) by 8.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,835 shares of the company’s stock after acquiring an additional 982 shares during the period. KPP Advisory Services LLC’s holdings in CocaCola were worth $908,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of KO. Sage Financial Management Group Inc. purchased a new stake in shares of CocaCola in the first quarter valued at $216,000. Perigon Wealth Management LLC lifted its stake in CocaCola by 3.6% in the 2nd quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company’s stock worth $9,209,000 after acquiring an additional 4,469 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in CocaCola by 6.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company’s stock worth $2,212,300,000 after acquiring an additional 1,794,561 shares during the period. Cornerstone Wealth Management LLC grew its stake in CocaCola by 3.3% during the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company’s stock valued at $8,686,000 after acquiring an additional 3,920 shares in the last quarter. Finally, Banque Pictet & Cie SA increased its holdings in shares of CocaCola by 72.6% in the 2nd quarter. Banque Pictet & Cie SA now owns 204,392 shares of the company’s stock valued at $14,461,000 after purchasing an additional 85,950 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Trading Up 0.8%

Shares of KO stock opened at $66.65 on Monday. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company has a market cap of $286.86 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The business’s 50 day moving average is $68.27 and its two-hundred day moving average is $69.95.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. CocaCola’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. CocaCola’s dividend payout ratio (DPR) is 72.34%.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. 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 report on Thursday, September 11th. BNP Paribas reaffirmed an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Saturday, September 27th. JPMorgan Chase & Co. upped their target price on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to data from MarketBeat.com, CocaCola has a consensus rating of “Buy” and an average target price 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.