XML Financial LLC Buys 531 Shares of CocaCola Company (The) $KO

XML Financial LLC increased its stake in CocaCola Company (The) (NYSE:KO) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,686 shares of the company’s stock after purchasing an additional 531 shares during the period. XML Financial LLC’s holdings in CocaCola were worth $1,817,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of KO. Presper Financial Architects LLC acquired a new stake in shares of CocaCola during the 2nd quarter worth approximately $279,000. LexAurum Advisors LLC lifted its position in shares of CocaCola by 4.7% during the 2nd quarter. LexAurum Advisors LLC now owns 6,567 shares of the company’s stock worth $465,000 after buying an additional 293 shares during the last quarter. Janney Capital Management LLC boosted its stake in CocaCola by 1.2% in the second quarter. Janney Capital Management LLC now owns 46,353 shares of the company’s stock valued at $3,279,000 after buying an additional 539 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC grew its position in CocaCola by 4.0% in the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 4,594 shares of the company’s stock valued at $325,000 after acquiring an additional 178 shares during the last quarter. Finally, Archford Capital Strategies LLC raised its stake in CocaCola by 23.7% during the second quarter. Archford Capital Strategies LLC now owns 6,024 shares of the company’s stock worth $426,000 after acquiring an additional 1,153 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. UBS Group lowered their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. BNP Paribas reissued an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $76.93.

CocaCola Price Performance

KO stock opened at $66.00 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The firm has a market cap of $284.04 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 3.42 and a beta of 0.43. The company’s fifty day simple moving average is $68.50 and its 200 day simple moving average is $70.04. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping 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 firm 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 posted $0.84 EPS. The business’s quarterly revenue 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, analysts expect that CocaCola Company will post 2.96 earnings per share for the current 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 given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. CocaCola’s payout ratio is presently 72.34%.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.97% of the company’s stock.

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.