Perigon Wealth Management LLC Acquires 4,469 Shares of CocaCola Company (The) $KO

Perigon Wealth Management LLC boosted its holdings in CocaCola Company (The) (NYSE:KO) by 3.6% during the second quarter, Holdings Channel.com reports. The fund owned 130,164 shares of the company’s stock after buying an additional 4,469 shares during the quarter. Perigon Wealth Management LLC’s holdings in CocaCola were worth $9,209,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after purchasing an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after purchasing an additional 293 shares during the last quarter. Two Sigma Investments LP increased its position in shares of CocaCola by 1.3% during the 4th quarter. Two Sigma Investments LP now owns 48,000 shares of the company’s stock valued at $2,988,000 after purchasing an additional 621 shares during the last quarter. Aegis Wealth Management LLC bought a new position in shares of CocaCola during the 4th quarter valued at about $558,000. Finally, Capstone Triton Financial Group LLC increased its position in shares of CocaCola by 0.8% during the 4th quarter. Capstone Triton Financial Group LLC now owns 40,573 shares of the company’s stock valued at $2,526,000 after purchasing an additional 326 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KO. JPMorgan Chase & Co. increased their price objective on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. UBS Group dropped their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Morgan Stanley restated an “overweight” rating and set a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. BNP Paribas restated an “outperform” rating and set a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Finally, Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, CocaCola currently has an average rating of “Buy” and a consensus target price of $76.93.

Insider Activity at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola 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 of the company’s stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.97% of the company’s stock.

CocaCola Stock Down 0.5%

Shares of NYSE:KO opened at $66.40 on Thursday. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The firm has a market capitalization of $285.74 billion, a P/E ratio of 23.54, a P/E/G ratio of 3.47 and a beta of 0.43. The stock has a 50 day moving average price of $68.76 and a 200-day moving average price of $70.13.

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

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. CocaCola’s dividend payout ratio (DPR) is presently 72.34%.

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.