Beacon Financial Advisory LLC Acquires 484 Shares of CocaCola Company (The) $KO

Beacon Financial Advisory LLC boosted its holdings in CocaCola Company (The) (NYSE:KO) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,075 shares of the company’s stock after buying an additional 484 shares during the quarter. Beacon Financial Advisory LLC’s holdings in CocaCola were worth $1,916,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KO. MorganRosel Wealth Management LLC acquired a new stake in CocaCola during the 1st quarter valued at approximately $25,000. 1248 Management LLC acquired a new stake in CocaCola in the 1st quarter valued at $26,000. Garde Capital Inc. acquired a new stake in CocaCola in the 1st quarter valued at $30,000. Mizuho Securities Co. Ltd. boosted its holdings in CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after acquiring an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC boosted its holdings in CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after acquiring an additional 285 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Price Performance

Shares of CocaCola stock opened at $66.65 on Friday. 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 company has a market cap 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 business has a 50 day moving average of $68.27 and a 200 day moving average of $69.94. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38.

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 company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

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

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction on Tuesday, August 5th. The stock was 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 approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

KO has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. UBS Group lowered their price objective on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. BNP Paribas reiterated an “outperform” rating and set a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. boosted their price objective on 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 fifteen have assigned a Buy rating to the stock. According to data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and a consensus price target of $76.93.

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.