Lakeshore Financial Planning Inc. Has $801,000 Stock Holdings in CocaCola Company (The) $KO

Lakeshore Financial Planning Inc. lessened its position in CocaCola Company (The) (NYSE:KO) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,317 shares of the company’s stock after selling 375 shares during the period. CocaCola comprises approximately 0.3% of Lakeshore Financial Planning Inc.’s holdings, making the stock its 25th biggest holding. Lakeshore Financial Planning Inc.’s holdings in CocaCola were worth $801,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in KO. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola in the first quarter valued at about $25,000. 1248 Management LLC bought a new position in shares of CocaCola in the first quarter valued at about $26,000. Garde Capital Inc. bought a new position in shares of CocaCola in the first quarter valued at about $30,000. Mizuho Securities Co. Ltd. raised its holdings in shares of CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after buying an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC raised its holdings in shares of CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after buying an additional 285 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 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. This represents a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by company insiders.

CocaCola Price Performance

Shares of KO opened at $66.52 on Monday. 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 stock has a 50 day simple moving average of $68.93 and a 200 day simple moving average of $70.21. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The firm has a market capitalization of $286.28 billion, a PE ratio of 23.59, a P/E/G ratio of 3.46 and a beta of 0.43.

CocaCola (NYSE:KO) last issued its quarterly earnings data 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 business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same period in the previous year, the firm earned $0.84 EPS. CocaCola’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. Sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on KO shares. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. BNP Paribas reissued an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. JPMorgan Chase & Co. boosted their price objective on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Morgan Stanley reissued an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Finally, UBS Group dropped their price objective on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to MarketBeat.com, CocaCola presently has an average rating of “Buy” and an average target price of $76.93.

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.