Wealth Enhancement Advisory Services LLC Increases Position in CocaCola Company (The) $KO

Wealth Enhancement Advisory Services LLC lifted its holdings in CocaCola Company (The) (NYSE:KO) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,222,320 shares of the company’s stock after buying an additional 70,471 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CocaCola were worth $87,213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of KO. New Republic Capital LLC boosted its stake in CocaCola by 1.6% in the first quarter. New Republic Capital LLC now owns 8,662 shares of the company’s stock valued at $625,000 after acquiring an additional 139 shares during the last quarter. Alteri Wealth LLC lifted its stake in CocaCola by 2.1% in the first quarter. Alteri Wealth LLC now owns 6,874 shares of the company’s stock valued at $492,000 after purchasing an additional 140 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in CocaCola by 0.7% in the first 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 during the last quarter. MBA Advisors LLC lifted its stake in CocaCola by 1.2% in the first quarter. MBA Advisors LLC now owns 12,443 shares of the company’s stock valued at $891,000 after purchasing an additional 143 shares during the last quarter. Finally, BXM Wealth LLC lifted its stake in CocaCola by 4.3% in the first quarter. BXM Wealth LLC now owns 3,532 shares of the company’s stock valued at $253,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Trading Down 0.9%

Shares of KO stock opened at $66.43 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a market capitalization of $285.89 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.49 and a beta of 0.43. The business’s fifty day moving average is $69.00 and its 200 day moving average is $70.24.

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

CocaCola Dividend Announcement

The business also recently announced 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. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola’s dividend payout ratio (DPR) is currently 72.34%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KO shares. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. UBS Group dropped their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. BNP Paribas reaffirmed an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Morgan Stanley restated an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $76.93.

Insiders Place Their Bets

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.97% of the stock is owned by corporate insiders.

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.