Heritage Financial Services LLC Acquires 159 Shares of CocaCola Company (The) $KO

Heritage Financial Services LLC grew its stake in shares of CocaCola Company (The) (NYSE:KO) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,757 shares of the company’s stock after acquiring an additional 159 shares during the period. Heritage Financial Services LLC’s holdings in CocaCola were worth $1,469,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC grew 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 in the last quarter. Revolve Wealth Partners LLC grew its position in CocaCola by 3.4% during 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. Merit Financial Group LLC grew its position in CocaCola by 17.0% during the first quarter. Merit Financial Group LLC now owns 116,709 shares of the company’s stock worth $8,359,000 after buying an additional 16,916 shares in the last quarter. HBW Advisory Services LLC increased its stake in CocaCola by 10.2% in the 1st quarter. HBW Advisory Services LLC now owns 14,899 shares of the company’s stock worth $1,067,000 after acquiring an additional 1,379 shares during the last quarter. Finally, CGN Advisors LLC raised its holdings in shares of CocaCola by 12.3% in the 1st quarter. CGN Advisors LLC now owns 4,854 shares of the company’s stock valued at $348,000 after acquiring an additional 530 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KO has been the topic of several research analyst reports. Wells Fargo & Company decreased 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. UBS Group decreased their price target on shares of 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 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. BNP Paribas reiterated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Finally, Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $76.93.

CocaCola Stock Up 0.6%

Shares of NYSE: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 current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock’s 50-day moving average price is $68.38 and its 200-day moving average price is $69.99. The stock has a market capitalization of $287.25 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 3.46 and a beta of 0.43.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion during the quarter, compared to analysts’ expectations of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.CocaCola’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were paid a $0.51 dividend. 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 presently 72.34%.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.97% of the stock is owned by corporate 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.