Compton Wealth Advisory Group LLC Acquires 254 Shares of CocaCola Company (The) $KO

Compton Wealth Advisory Group LLC grew its holdings in shares of CocaCola Company (The) (NYSE:KO) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,649 shares of the company’s stock after purchasing an additional 254 shares during the period. Compton Wealth Advisory Group LLC’s holdings in CocaCola were worth $541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft boosted its holdings in CocaCola by 19.3% in the second quarter. Baader Bank Aktiengesellschaft now owns 19,239 shares of the company’s stock worth $1,324,000 after acquiring an additional 3,112 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of CocaCola by 5.4% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 783,488 shares of the company’s stock worth $55,432,000 after buying an additional 40,030 shares in the last quarter. Signal Advisors Wealth LLC grew its holdings in shares of CocaCola by 15.1% during the second quarter. Signal Advisors Wealth LLC now owns 6,352 shares of the company’s stock valued at $449,000 after buying an additional 834 shares during the last quarter. Focus Financial Network Inc. increased its holdings in shares of CocaCola by 1.1% in the 2nd quarter. Focus Financial Network Inc. now owns 27,383 shares of the company’s stock worth $1,951,000 after purchasing an additional 286 shares in the last quarter. Finally, Sovran Advisors LLC raised its stake in shares of CocaCola by 3.1% in the second quarter. Sovran Advisors LLC now owns 20,132 shares of the company’s stock worth $1,414,000 after purchasing an additional 597 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. UBS Group reduced their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. BNP Paribas reiterated an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Finally, Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. Two investment 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 company has a consensus rating of “Buy” and an average target price of $76.93.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.97% of the company’s stock.

CocaCola Price Performance

Shares of CocaCola stock opened at $66.97 on Thursday. 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 Company has a 12 month low of $60.62 and a 12 month high of $74.38. The stock has a 50 day moving average of $69.07 and a 200 day moving average of $70.28. The firm has a market cap of $288.22 billion, a PE ratio of 23.75, a PEG ratio of 3.45 and a beta of 0.43.

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

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.51 per share. 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 dividend payout ratio (DPR) is presently 72.34%.

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.