CocaCola Company (The) $KO Shares Bought by Seamount Financial Group Inc.

Seamount Financial Group Inc. lifted its position in shares of CocaCola Company (The) (NYSE:KO) by 27.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,543 shares of the company’s stock after buying an additional 3,300 shares during the period. Seamount Financial Group Inc.’s holdings in CocaCola were worth $1,100,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KO. SteelPeak Wealth LLC boosted its holdings in CocaCola by 60.3% in the second quarter. SteelPeak Wealth LLC now owns 154,895 shares of the company’s stock valued at $11,036,000 after acquiring an additional 58,253 shares during the last quarter. Heck Capital Advisors LLC raised its holdings in shares of CocaCola by 7.2% in the 2nd quarter. Heck Capital Advisors LLC now owns 3,497 shares of the company’s stock worth $248,000 after purchasing an additional 235 shares during the period. Motiv8 Investments LLC raised its holdings in shares of CocaCola by 8.0% in the 2nd quarter. Motiv8 Investments LLC now owns 22,867 shares of the company’s stock worth $1,618,000 after purchasing an additional 1,686 shares during the period. KPP Advisory Services LLC lifted its stake in shares of CocaCola by 8.3% in the 2nd quarter. KPP Advisory Services LLC now owns 12,835 shares of the company’s stock valued at $908,000 after purchasing an additional 982 shares in the last quarter. Finally, Capital Advisors Inc. OK grew its holdings in shares of CocaCola by 25.4% during the 2nd quarter. Capital Advisors Inc. OK now owns 716,741 shares of the company’s stock worth $50,709,000 after purchasing an additional 145,337 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Price Performance

KO opened at $66.09 on Tuesday. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The firm has a market cap of $284.43 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 3.47 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. The company has a fifty day simple moving average of $68.23 and a 200 day simple moving average of $69.93.

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

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a dividend of $0.51 per share. 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 72.34%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. 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. UBS Group reduced their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. JPMorgan Chase & Co. increased their price target on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat, CocaCola currently has an average rating of “Buy” and a consensus target price of $76.93.

Insider Transactions at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.90% of the stock is 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.