Tanager Wealth Management LLP Has $256,000 Stock Position in CocaCola Company (The) $KO

Tanager Wealth Management LLP decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 22.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,612 shares of the company’s stock after selling 1,057 shares during the period. Tanager Wealth Management LLP’s holdings in CocaCola were worth $256,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Warren Street Wealth Advisors LLC boosted its position in CocaCola by 21.1% during the second quarter. Warren Street Wealth Advisors LLC now owns 6,684 shares of the company’s stock valued at $473,000 after purchasing an additional 1,166 shares during the last quarter. Naples Global Advisors LLC boosted its position in CocaCola by 5.0% during the second quarter. Naples Global Advisors LLC now owns 27,479 shares of the company’s stock valued at $1,957,000 after purchasing an additional 1,305 shares during the last quarter. Pure Financial Advisors LLC raised its holdings in CocaCola by 19.6% during the second quarter. Pure Financial Advisors LLC now owns 9,666 shares of the company’s stock valued at $684,000 after buying an additional 1,585 shares in the last quarter. Woodward Diversified Capital LLC raised its holdings in CocaCola by 78.2% during the second quarter. Woodward Diversified Capital LLC now owns 10,753 shares of the company’s stock valued at $761,000 after buying an additional 4,718 shares in the last quarter. Finally, Heritage Financial Services LLC raised its holdings in CocaCola by 0.8% during the second quarter. Heritage Financial Services LLC now owns 20,757 shares of the company’s stock valued at $1,469,000 after buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Trading Up 0.6%

Shares of KO opened at $66.75 on Thursday. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $287.25 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 3.46 and a beta of 0.43. The stock’s 50-day moving average price is $68.38 and its 200 day moving average price is $69.99.

CocaCola (NYSE:KO) last issued its quarterly earnings results 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 return on equity of 44.91% and a net margin of 25.89%.The firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. During the same period in the previous year, the company posted $0.84 earnings per share. The company’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. As a group, research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company 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 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola’s payout ratio is currently 72.34%.

Analysts Set New Price Targets

Several equities analysts have weighed in on KO shares. 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. BNP Paribas restated an “outperform” rating and set a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. UBS Group cut their target price on 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. raised their target price on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley restated an “overweight” rating and set a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. One research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $76.93.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the sale, the insider directly owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.