Armbruster Capital Management Inc. Buys 179 Shares of CocaCola Company (The) $KO

Armbruster Capital Management Inc. raised its stake in CocaCola Company (The) (NYSE:KO) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,158 shares of the company’s stock after acquiring an additional 179 shares during the period. Armbruster Capital Management Inc.’s holdings in CocaCola were worth $436,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KO. New Republic Capital LLC increased its position in CocaCola by 1.6% during the first quarter. New Republic Capital LLC now owns 8,662 shares of the company’s stock worth $625,000 after acquiring an additional 139 shares during the period. Alteri Wealth LLC increased its holdings in CocaCola by 2.1% in the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company’s stock valued at $492,000 after buying an additional 140 shares during the period. Requisite Capital Management LLC increased its holdings in CocaCola by 2.8% in the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock valued at $377,000 after buying an additional 142 shares during the period. Deseret Mutual Benefit Administrators boosted its stake in shares of CocaCola by 0.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company’s stock valued at $1,439,000 after purchasing an additional 143 shares in the last quarter. Finally, MBA Advisors LLC boosted its stake in shares of CocaCola by 1.2% in the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company’s stock valued at $891,000 after purchasing an additional 143 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction dated 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 sale, the insider directly 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KO. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an “outperform” rating in a research note on Monday, July 21st. BNP Paribas restated an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Wells Fargo & Company lowered their price objective on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research note on Saturday, September 27th. Finally, UBS Group decreased their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. One research 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.com, the company presently has an average rating of “Buy” and a consensus price target of $76.93.

CocaCola Price Performance

Shares of NYSE:KO opened at $66.79 on Wednesday. The company’s 50-day moving average is $68.18 and its 200 day moving average is $69.91. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The company has a market capitalization of $287.43 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 3.44 and a beta of 0.43. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week 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 for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.1%. CocaCola’s dividend payout ratio is 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.