Woodward Diversified Capital LLC Has $761,000 Stock Position in CocaCola Company (The) $KO

Woodward Diversified Capital LLC lifted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 78.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,753 shares of the company’s stock after buying an additional 4,718 shares during the period. Woodward Diversified Capital LLC’s holdings in CocaCola were worth $761,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new position in shares of CocaCola during the first quarter worth $25,000. 1248 Management LLC acquired a new position in CocaCola in the 1st quarter worth about $26,000. Garde Capital Inc. acquired a new position in CocaCola in the 1st quarter worth about $30,000. Mizuho Securities Co. Ltd. increased its holdings in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after purchasing an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC increased its stake in shares of CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after buying an additional 285 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Performance

Shares of CocaCola stock opened at $66.75 on Thursday. The business has a 50-day moving average price of $68.38 and a two-hundred day moving average price of $69.99. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a market cap of $287.25 billion, a P/E ratio of 23.67, a PEG ratio of 3.46 and a beta of 0.43. 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 (NYSE:KO) last released its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS 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 business had revenue of $12.50 billion during the quarter, compared to analysts’ expectations of $12.55 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola’s dividend payout ratio (DPR) is presently 72.34%.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction 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 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 SEC, which can be accessed through this hyperlink. Insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KO shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. 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 report on Thursday, September 11th. BNP Paribas restated an “outperform” rating and issued 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 objective on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Wells Fargo & Company decreased their price target on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $76.93.

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.