Montz Harcus Wealth Management LLC Has $537,000 Stake in CocaCola Company (The) $KO

Montz Harcus Wealth Management LLC decreased its position in CocaCola Company (The) (NYSE:KO) by 5.1% in the second quarter, HoldingsChannel reports. The firm owned 7,591 shares of the company’s stock after selling 410 shares during the period. Montz Harcus Wealth Management LLC’s holdings in CocaCola were worth $537,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in CocaCola by 7.3% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 53,683 shares of the company’s stock worth $3,798,000 after purchasing an additional 3,630 shares during the period. Greenwood Capital Associates LLC boosted its stake in CocaCola by 0.4% in the 2nd quarter. Greenwood Capital Associates LLC now owns 79,167 shares of the company’s stock worth $5,601,000 after purchasing an additional 304 shares during the period. 1900 Wealth Management LLC boosted its stake in CocaCola by 3.4% in the 2nd quarter. 1900 Wealth Management LLC now owns 6,115 shares of the company’s stock worth $433,000 after purchasing an additional 202 shares during the period. Abacus Planning Group Inc. boosted its stake in CocaCola by 0.9% in the 2nd quarter. Abacus Planning Group Inc. now owns 30,929 shares of the company’s stock worth $2,188,000 after purchasing an additional 269 shares during the period. Finally, Trinity Legacy Partners LLC boosted its stake in CocaCola by 3.0% in the 2nd quarter. Trinity Legacy Partners LLC now owns 73,227 shares of the company’s stock worth $5,072,000 after purchasing an additional 2,148 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented 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. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an “outperform” rating in a research note on Monday, July 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Saturday, September 27th. JPMorgan Chase & Co. lifted their target price 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. Finally, UBS Group decreased their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $76.93.

CocaCola Stock Up 0.8%

KO stock opened at $66.65 on Friday. 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 Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a fifty day simple moving average of $68.27 and a 200 day simple moving average of $69.94. The firm has a market cap of $286.86 billion, a PE ratio of 23.64, a PEG ratio of 3.45 and a beta of 0.43.

CocaCola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same quarter in the previous year, the business earned $0.84 EPS. CocaCola’s quarterly 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. Sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

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

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is currently 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.