Quintet Private Bank Europe S.A. Sells 109,637 Shares of CocaCola Company (The) $KO

Quintet Private Bank Europe S.A. reduced its stake in CocaCola Company (The) (NYSE:KO) by 39.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 165,611 shares of the company’s stock after selling 109,637 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in CocaCola were worth $11,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KO. MorganRosel Wealth Management LLC bought a new stake in CocaCola during the first quarter valued at about $25,000. 1248 Management LLC bought a new stake in CocaCola during the first quarter valued at about $26,000. Garde Capital Inc. bought a new stake in CocaCola during the first quarter valued at about $30,000. Mizuho Securities Co. Ltd. raised its holdings in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after acquiring an additional 360 shares during the period. Finally, Ridgewood Investments LLC raised its holdings in CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after acquiring an additional 285 shares during the period. 70.26% of the stock is owned by institutional investors.

Insider Activity

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider 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 filing with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley restated an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. UBS Group cut their price objective on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday. BNP Paribas restated an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. raised their price objective on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $76.93.

CocaCola Stock Down 0.9%

Shares of NYSE:KO opened at $67.00 on Monday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The business has a 50 day simple moving average of $69.29 and a two-hundred day simple moving average of $70.37. The firm has a market capitalization of $288.35 billion, a PE ratio of 23.76, a price-to-earnings-growth 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 announced its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (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 business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same quarter in the previous year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities analysts predict that CocaCola Company will post 2.96 EPS for the current 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 given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, September 15th. CocaCola’s payout ratio is 72.34%.

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.