Waller Financial Planning Group Inc. Sells 200 Shares of CocaCola Company (The) $KO

Waller Financial Planning Group Inc. decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,260 shares of the company’s stock after selling 200 shares during the quarter. Waller Financial Planning Group Inc.’s holdings in CocaCola were worth $231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KO. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola during the 1st quarter worth $25,000. 1248 Management LLC bought a new position in CocaCola in the 1st quarter worth about $26,000. Garde Capital Inc. bought a new position in CocaCola in the 1st quarter worth about $30,000. Mizuho Securities Co. Ltd. boosted its stake in 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 purchasing an additional 360 shares during the period. Finally, Ridgewood Investments LLC boosted its stake in CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after purchasing an additional 285 shares during the period. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the subject of several analyst reports. BNP Paribas restated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. JPMorgan Chase & Co. raised their target price on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Morgan Stanley restated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. UBS Group cut their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $76.93.

CocaCola Stock Performance

Shares of KO opened at $67.00 on Friday. The company has a market cap of $288.35 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.52 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 price of $69.29 and a 200-day moving average price of $70.37. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38.

CocaCola (NYSE:KO) last issued its quarterly 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 the consensus estimate of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

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

Insider Buying and Selling 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 transaction 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. This trade represents a 15.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.97% of the company’s stock.

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.