CocaCola Company (The) $KO Stock Holdings Lifted by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its position in CocaCola Company (The) (NYSE:KO) by 8.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 133,082 shares of the company’s stock after buying an additional 10,472 shares during the quarter. Tectonic Advisors LLC’s holdings in CocaCola were worth $9,416,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Fulton Breakefield Broenniman LLC increased its position in shares of CocaCola by 1.5% in the second quarter. Fulton Breakefield Broenniman LLC now owns 10,854 shares of the company’s stock worth $768,000 after acquiring an additional 165 shares in the last quarter. InTrack Investment Management Inc grew its position in CocaCola by 4.0% during the second quarter. InTrack Investment Management Inc now owns 13,496 shares of the company’s stock valued at $955,000 after purchasing an additional 520 shares in the last quarter. Cohen Investment Advisors LLC grew its position in CocaCola by 3.9% during the second quarter. Cohen Investment Advisors LLC now owns 41,102 shares of the company’s stock valued at $2,908,000 after purchasing an additional 1,529 shares in the last quarter. Trifecta Capital Advisors LLC grew its position in CocaCola by 81.4% during the second quarter. Trifecta Capital Advisors LLC now owns 3,985 shares of the company’s stock valued at $282,000 after purchasing an additional 1,788 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in CocaCola by 5.8% during the second quarter. Vontobel Holding Ltd. now owns 16,195,068 shares of the company’s stock valued at $1,145,801,000 after purchasing an additional 885,147 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Price Performance

NYSE KO opened at $66.10 on Thursday. 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 capitalization of $284.47 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 3.48 and a beta of 0.43. The company has a 50 day moving average price of $68.13 and a two-hundred day moving average price of $69.88. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38.

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 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 revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a $0.51 dividend. 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 payout ratio is presently 72.34%.

Insider Buying and Selling at CocaCola

In other 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 value of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

KO has been the topic of a number of research analyst reports. 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. Wells Fargo & Company cut their price objective on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. BNP Paribas reiterated an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. JPMorgan Chase & Co. increased their price objective on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to data from MarketBeat, CocaCola has an average rating of “Buy” and a consensus price target 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.