Grandview Asset Management LLC Buys Shares of 3,152 CocaCola Company (The) $KO

Grandview Asset Management LLC purchased a new position in shares of CocaCola Company (The) (NYSE:KO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,152 shares of the company’s stock, valued at approximately $223,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new position in shares of CocaCola in the 1st quarter valued at $25,000. 1248 Management LLC acquired a new position in shares of CocaCola during the 1st quarter worth $26,000. Garde Capital Inc. acquired a new stake in CocaCola in the 1st quarter worth $30,000. Mizuho Securities Co. Ltd. lifted its holdings in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after acquiring an additional 360 shares during the period. Finally, Ridgewood Investments LLC increased its position in CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after acquiring an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Stock Down 0.5%

CocaCola stock opened at $65.64 on Friday. The firm has a market cap of $282.49 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 3.42 and a beta of 0.43. The firm has a fifty day moving average price of $68.58 and a two-hundred day moving average price of $70.05. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, analysts forecast that CocaCola Company will post 2.96 earnings per share 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 paid 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 3.1%. CocaCola’s dividend payout ratio (DPR) is presently 72.34%.

Insider Transactions at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction on 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 completion of the sale, the insider directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents 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 this link. Corporate insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on KO. UBS Group dropped their price target 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. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. Wells Fargo & Company reduced their price target on CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley restated an “overweight” rating and set a $81.00 target price 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 fourteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.