CocaCola Company (The) $KO Shares Sold by Atlas Brown Inc.

Atlas Brown Inc. trimmed its holdings in CocaCola Company (The) (NYSE:KO) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,050 shares of the company’s stock after selling 333 shares during the period. Atlas Brown Inc.’s holdings in CocaCola were worth $1,419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KO. Brighton Jones LLC raised its holdings 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 buying an additional 4,591 shares during the period. Revolve Wealth Partners LLC increased its holdings in CocaCola by 3.4% during the 4th 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. Bank Pictet & Cie Europe AG grew its position in shares of CocaCola by 12.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company’s stock worth $1,189,000 after acquiring an additional 2,072 shares in the last quarter. Tang Capital Management LLC grew its position in shares of CocaCola by 59.3% in the 4th quarter. Tang Capital Management LLC now owns 19,714 shares of the company’s stock worth $1,227,000 after acquiring an additional 7,341 shares in the last quarter. Finally, Stonebrook Private Inc. grew its position in shares of CocaCola by 4.4% in the 4th quarter. Stonebrook Private Inc. now owns 12,385 shares of the company’s stock worth $771,000 after acquiring an additional 519 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Trading Down 0.9%

KO stock opened at $67.00 on Monday. The business has a fifty day moving average price of $69.29 and a 200 day moving average price of $70.37. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The stock has a market capitalization of $288.35 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 3.49 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98.

CocaCola (NYSE:KO) last released its 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. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company had revenue of $12.50 billion during the quarter, compared to analysts’ expectations of $12.55 billion. During the same period last year, the firm earned $0.84 EPS. The business’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. Analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 3.0%. CocaCola’s payout ratio is currently 72.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. BNP Paribas reaffirmed an “outperform” rating and set a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. 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. UBS Group dropped their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $76.93.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by company insiders.

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.