“Brown Financial Advisors Acquires New Holdings in The Coca-Cola Company (NYSE:KO)”

Investor Activity

Recent changes in Coca-Cola�s investor holdings include Elwood & Goetz Wealth Advisory increasing their stake by 2.2%, now holding 6,871 shares valued at $437,000. Drive Wealth Management raised theirs by 1.6% to 9,824 shares worth $630,000. Capital Advisors boosted their holdings by 4.4%, now owning 3,631 shares worth $231,000. Liberty Capital Management and Azzad Asset Management also increased their shares. Overall, hedge funds control 70.26% of Coca-Cola’s stock.

Price Target Adjustments

Analysts have recently adjusted their price targets for KO shares. Bank of America set a new target of $70, while Truist Financial raised theirs to $70 as well. Other firms like Royal Bank of Canada and Morgan Stanley adjusted their targets to $68 and $78 respectively. The consensus rating remains a �Moderate Buy� with a target of $71.07.

Insider Selling

Insider transactions reveal that EVP Nancy Quan sold 19,304 shares at $64.96 each, totaling over $1.25 million. EVP Lisa Chang sold 58,122 shares at an average of $68.51, amounting to nearly $4 million. In total, insiders sold 974,715 shares worth $579 million in the past three months.

Company Performance

Coca-Cola’s stock opened at $71.73, with a market cap of $309.01 billion. It reported an EPS of $0.84, surpassing expectations, and revenue of $12.40 billion for the last quarter, reflecting a 3.3% annual increase.

Dividend Announcement

Coca-Cola announced a quarterly dividend of $0.485 per share, yielding 2.70% annually. The dividend payout ratio is currently at 77.60%.

Company Overview

The Coca-Cola Company is a global leader in nonalcoholic beverages, offering products ranging from soft drinks to water and plant-based beverages.

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