JSF Financial LLC Boosts Holdings in CocaCola Company (The) $KO

JSF Financial LLC increased its holdings in CocaCola Company (The) (NYSE:KO) by 10.3% during the second quarter, Holdings Channel reports. The firm owned 3,212 shares of the company’s stock after acquiring an additional 299 shares during the quarter. JSF Financial LLC’s holdings in CocaCola were worth $227,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Merit Financial Group LLC grew its holdings in CocaCola by 70.7% during the 2nd quarter. Merit Financial Group LLC now owns 199,259 shares of the company’s stock valued at $14,098,000 after buying an additional 82,550 shares in the last quarter. Beacon Financial Advisory LLC grew its stake in CocaCola by 1.8% during the second quarter. Beacon Financial Advisory LLC now owns 27,075 shares of the company’s stock valued at $1,916,000 after acquiring an additional 484 shares in the last quarter. Alta Wealth Advisors LLC purchased a new position in CocaCola during the second quarter valued at $305,000. Gemmer Asset Management LLC grew its stake in CocaCola by 5.9% during the second quarter. Gemmer Asset Management LLC now owns 3,581 shares of the company’s stock valued at $253,000 after acquiring an additional 200 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its stake in CocaCola by 123.5% in the 2nd quarter. Simplicity Wealth LLC now owns 103,113 shares of the company’s stock worth $7,295,000 after purchasing an additional 56,983 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Trading Up 0.8%

Shares of KO opened at $66.65 on Friday. The company has a market cap of $286.86 billion, a P/E ratio of 23.64, a P/E/G ratio of 3.47 and a beta of 0.43. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company’s fifty day simple moving average is $68.27 and its 200-day simple moving average is $69.94. 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 issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 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 company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. During the same period in the prior year, the firm posted $0.84 EPS. The firm’s 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. As a group, analysts expect 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. Investors 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 dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, September 15th. CocaCola’s dividend payout ratio (DPR) is currently 72.34%.

Analyst Ratings Changes

KO has been the topic of several research reports. JPMorgan Chase & Co. lifted their target price on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research note on Saturday, September 27th. UBS Group reduced 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. Morgan Stanley reissued an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Finally, Wells Fargo & Company lowered their price objective on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $76.93.

Insider Activity

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 sale, the insider owned 209,513 shares in the company, valued at $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 is available at this hyperlink. Corporate insiders own 0.97% of the company’s stock.

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.