Venturi Wealth Management LLC Purchases 1,502 Shares of CocaCola Company (The) $KO

Venturi Wealth Management LLC raised its position in shares of CocaCola Company (The) (NYSE:KO) by 8.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,434 shares of the company’s stock after acquiring an additional 1,502 shares during the period. Venturi Wealth Management LLC’s holdings in CocaCola were worth $1,304,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola in the 1st quarter worth approximately $25,000. 1248 Management LLC bought a new stake in shares of CocaCola in the 1st quarter worth approximately $26,000. Garde Capital Inc. bought a new stake in shares of CocaCola in the 1st quarter worth approximately $30,000. Mizuho Securities Co. Ltd. raised 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 acquiring an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC raised its holdings in CocaCola by 148.4% in 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. 70.26% of the stock is owned by institutional investors.

Insider Transactions at CocaCola

In other CocaCola 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 completion of the sale, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.97% of the company’s stock.

CocaCola Trading Down 1.0%

NYSE:KO opened at $66.10 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The firm has a market capitalization of $284.47 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.48 and a beta of 0.43. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The business has a fifty day moving average price of $68.13 and a 200-day moving average price of $69.88.

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

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were 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 was Monday, September 15th. CocaCola’s dividend payout ratio is presently 72.34%.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday. Wells Fargo & Company decreased their price objective on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, UBS Group decreased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. Based on data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and a consensus target price 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.