Motiv8 Investments LLC Boosts Holdings in CocaCola Company (The) $KO

Motiv8 Investments LLC increased its stake in shares of CocaCola Company (The) (NYSE:KO) by 8.0% in the second quarter, Holdings Channel.com reports. The fund owned 22,867 shares of the company’s stock after purchasing an additional 1,686 shares during the period. Motiv8 Investments LLC’s holdings in CocaCola were worth $1,618,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after acquiring an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC increased its position in 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 purchasing an additional 293 shares during the last quarter. Pines Wealth Management LLC increased its position in CocaCola by 18.5% in the first quarter. Pines Wealth Management LLC now owns 6,446 shares of the company’s stock worth $441,000 after purchasing an additional 1,006 shares during the last quarter. Sivia Capital Partners LLC raised its stake in CocaCola by 10.8% during the first quarter. Sivia Capital Partners LLC now owns 8,985 shares of the company’s stock valued at $644,000 after purchasing an additional 878 shares in the last quarter. Finally, Wedmont Private Capital lifted its position in CocaCola by 4.2% during the first quarter. Wedmont Private Capital now owns 53,407 shares of the company’s stock valued at $3,815,000 after purchasing an additional 2,144 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the subject of several recent research reports. BNP Paribas reiterated an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. JPMorgan Chase & Co. lifted their target price on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. UBS Group cut their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Wells Fargo & Company cut 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, Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $76.93.

CocaCola Stock Up 0.8%

Shares of NYSE:KO opened at $66.65 on Monday. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The stock has a market cap of $286.86 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43. The business’s 50 day moving average is $68.27 and its 200 day moving average is $69.95. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. 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 year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given 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 dividend payout ratio is presently 72.34%.

CocaCola 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.