Tyche Wealth Partners LLC Lowers Stock Position in CocaCola Company (The) $KO

Tyche Wealth Partners LLC cut its holdings in shares of CocaCola Company (The) (NYSE:KO) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,386 shares of the company’s stock after selling 707 shares during the period. Tyche Wealth Partners LLC’s holdings in CocaCola were worth $3,494,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new position in shares of CocaCola during the first quarter worth approximately $25,000. 1248 Management LLC purchased a new position in shares of CocaCola during the first quarter worth approximately $26,000. Garde Capital Inc. purchased a new position in shares of CocaCola during the first quarter worth approximately $30,000. Mizuho Securities Co. Ltd. grew its position in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after acquiring an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC grew its position in shares of CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after acquiring an additional 285 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KO shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Saturday, September 27th. BNP Paribas reiterated an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. JPMorgan Chase & Co. lifted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company lowered their price objective on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. 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. Based on data from MarketBeat, CocaCola currently has an average rating of “Buy” and an average target price of $76.93.

CocaCola Price Performance

Shares of NYSE KO opened at $66.09 on Tuesday. The firm has a market capitalization of $284.43 billion, a P/E ratio of 23.44, a PEG ratio of 3.47 and a beta of 0.43. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The company’s fifty day moving average is $68.23 and its two-hundred day moving average is $69.93. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The company 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 business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

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

Insider Activity

In other 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 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 filing with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.

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.