2 weeks Ago By Defense World Staff
B. Riley Wealth Advisors Inc. lowered its stake in shares of The Coca-Cola Company ( NYSE:KO – Free Report ) by 13.
2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,203 shares of the company’s stock after selling 20,334 shares during the period. B.
Riley Wealth Advisors Inc.’s holdings in Coca-Cola were worth $8,607,000 at the end of the most recent reporting period. Other hedge funds also recently made changes to their positions in the company.
Elwood & Goetz Wealth Advisory Group LLC raised its holdings in shares of Coca-Cola by 2.2% during the second quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 6,871 shares of the company’s stock worth $437,000 after acquiring an additional 149 shares in the last quarter.
Drive Wealth Management LLC raised its stake in shares of Coca-Cola by 1.6% during the 2nd quarter. Drive Wealth Management LLC now owns 9,824 shares of the company’s stock worth $630,000 after purchasing an additional 151 shares in the last quarter.
Capital Advisors Ltd. LLC lifted its holdings in shares of Coca-Cola by 4.4% during the 2nd quarter.
Capital Advisors Ltd. LLC now owns 3,631 shares of the company’s stock valued at $231,000 after buying an additional 153 shares during the last quarter. Liberty Capital Management Inc.
grew its stake in shares of Coca-Cola by 3.7% in the 2nd quarter. Liberty Capital Management Inc.
now owns 4,319 shares of the company’s stock valued at $275,000 after buying an additional 155 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV increased its holdings in Coca-Cola by 0.
4% in the second quarter. Azzad Asset Management Inc. ADV now owns 42,407 shares of the company’s stock worth $2,699,000 after buying an additional 160 shares during the last quarter.
Institutional investors and hedge funds own 70.26% of the company’s stock. Coca-Cola Stock Up 0.
5 % NYSE KO opened at $71.79 on Monday. The Coca-Cola Company has a 1-year low of $51.
55 and a 1-year high of $73.53. The company has a market capitalization of $309.
27 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 3.97 and a beta of 0.
60. The stock’s 50 day moving average is $69.82 and its two-hundred day moving average is $64.
77. The company has a current ratio of 1.08, a quick ratio of 0.
92 and a debt-to-equity ratio of 1.39. Coca-Cola Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st.
Stockholders of record on Friday, September 13th will be issued a dividend of $0.485 per share. This represents a $1.
94 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, September 13th.
Coca-Cola’s payout ratio is presently 77.60%. Insider Activity In other Coca-Cola news, major shareholder Cola Co Coca sold 598,619 shares of the business’s stock in a transaction dated Friday, July 5th.
The shares were sold at an average price of $925.00, for a total value of $553,722,575.00.
Following the completion of the transaction, the insider now directly owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . In related news, CEO James Quincey sold 102,533 shares of Coca-Cola stock in a transaction dated Wednesday, August 21st.
The stock was sold at an average price of $70.02, for a total value of $7,179,360.66.
Following the completion of the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at $30,987,070.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website .
Also, major shareholder Cola Co Coca sold 598,619 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $925.00, for a total value of $553,722,575.
00. Following the sale, the insider now directly owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The disclosure for this sale can be found here .
Over the last ninety days, insiders sold 974,715 shares of company stock worth $579,704,927. 0.97% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades KO has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Coca-Cola from $64.00 to $65.
00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. TD Cowen raised their price objective on Coca-Cola from $65.00 to $70.
00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Barclays boosted their target price on Coca-Cola from $69.00 to $70.
00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Cfra reiterated a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co.
boosted their price objective on shares of Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th.
Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $71.07.
View Our Latest Stock Report on Coca-Cola Coca-Cola Company Profile ( Free Report ) 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.
Further Reading Five stocks we like better than Coca-Cola How to Effectively Use the MarketBeat Ratings Screener 3 Bargain Stocks Under $20 With Major Growth Potential Why Are Stock Sectors Important to Successful Investing? Top 5 ETFs to Own Now and Into 2025 What Investors Need to Know About Upcoming IPOs Watch These 3 Former Short-Squeeze Stocks for a Big Rally Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Company ( NYSE:KO – Free Report ). Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.
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