Bartlett & CO. Wealth Management LLC Increases Holdings in CocaCola Company (The) $KO

Bartlett & CO. Wealth Management LLC lifted its stake in shares of CocaCola Company (The) (NYSE:KO) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 168,119 shares of the company’s stock after purchasing an additional 383 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in CocaCola were worth $11,979,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in KO. Brighton Jones LLC boosted its holdings in CocaCola by 13.3% in 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 period. Revolve Wealth Partners LLC raised its position in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after buying an additional 293 shares in the last quarter. Fiduciary Alliance LLC boosted its stake in CocaCola by 3.6% during the first quarter. Fiduciary Alliance LLC now owns 18,848 shares of the company’s stock valued at $1,350,000 after buying an additional 659 shares during the period. Fragasso Financial Advisors Inc boosted its stake in CocaCola by 4.6% during the first quarter. Fragasso Financial Advisors Inc now owns 7,544 shares of the company’s stock valued at $540,000 after buying an additional 334 shares during the period. Finally, Harbor Investment Advisory LLC grew its position in CocaCola by 2.0% during the first quarter. Harbor Investment Advisory LLC now owns 16,039 shares of the company’s stock worth $1,149,000 after buying an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on KO shares. UBS Group lowered their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. BNP Paribas reissued an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. Wells Fargo & Company decreased their price target on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $76.93.

Insider Transactions at CocaCola

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 value of $2,584,063.60. Following the transaction, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.

CocaCola Price Performance

KO stock opened at $66.34 on Wednesday. The firm has a market cap of $285.51 billion, a P/E ratio of 23.52, a P/E/G ratio of 3.44 and a beta of 0.43. The firm’s fifty day moving average is $68.43 and its 200 day moving average is $70.01. 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.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping 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 business had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. 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. Research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.1%. CocaCola’s dividend payout ratio is currently 72.34%.

About CocaCola

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.