2,952 Shares in CocaCola Company (The) $KO Purchased by Wolfstich Capital LLC

Wolfstich Capital LLC acquired a new position in CocaCola Company (The) (NYSE:KO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,952 shares of the company’s stock, valued at approximately $211,000. CocaCola makes up approximately 0.0% of Wolfstich Capital LLC’s holdings, making the stock its 23rd biggest position.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after purchasing an additional 4,591 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after purchasing an additional 293 shares during the period. Bank Pictet & Cie Europe AG grew its stake in shares of CocaCola by 12.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company’s stock valued at $1,189,000 after purchasing an additional 2,072 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CocaCola by 5.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 429,448 shares of the company’s stock valued at $26,737,000 after purchasing an additional 20,287 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of CocaCola by 6.5% during the 4th quarter. ProShare Advisors LLC now owns 3,494,281 shares of the company’s stock valued at $217,554,000 after purchasing an additional 211,969 shares during the period. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Down 0.3%

KO stock opened at $67.62 on Friday. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. 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 stock has a market cap of $291.01 billion, a P/E ratio of 23.98, a PEG ratio of 3.53 and a beta of 0.43. The business’s 50-day moving average price is $69.38 and its 200-day moving average price is $70.40.

CocaCola (NYSE:KO) last posted its quarterly earnings results 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 return on equity of 44.91% and a net margin of 25.89%.The company had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.55 billion. During the same period in the previous year, the firm earned $0.84 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities research analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. CocaCola’s payout ratio is currently 72.34%.

Insider Buying and Selling

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction that occurred on 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 directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KO shares. UBS Group cut their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley restated an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. BNP Paribas restated an “outperform” rating and set a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. JPMorgan Chase & Co. lifted their price objective on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target 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.