Carolina Wealth Advisors LLC Grows Stock Holdings in CocaCola Company (The) $KO

Carolina Wealth Advisors LLC lifted its stake in shares of CocaCola Company (The) (NYSE:KO) by 267.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,659 shares of the company’s stock after acquiring an additional 1,208 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in CocaCola were worth $117,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new position in shares of CocaCola during the first quarter valued at $25,000. 1248 Management LLC bought a new position in CocaCola during the 1st quarter worth about $26,000. Garde Capital Inc. purchased a new position in CocaCola during the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. raised its holdings in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after purchasing an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC lifted its position in shares of 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. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were 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 owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on KO. BNP Paribas reissued an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research report on Saturday, September 27th. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Finally, Wells Fargo & Company decreased their price target on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. Based on data from MarketBeat.com, CocaCola presently has a consensus rating of “Buy” and an average price target of $76.93.

CocaCola Trading Up 0.8%

Shares of CocaCola stock opened at $66.65 on Friday. 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 twelve month low of $60.62 and a twelve month high of $74.38. The firm has a market capitalization of $286.86 billion, a PE ratio of 23.64, a P/E/G ratio of 3.47 and a beta of 0.43. The firm’s 50-day moving average price is $68.27 and its 200 day moving average price is $69.94.

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

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a $0.51 dividend. The ex-dividend date was 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%.

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.