Affiance Financial LLC Sells 155 Shares of CocaCola Company (The) $KO

Affiance Financial LLC cut its holdings in CocaCola Company (The) (NYSE:KO) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,839 shares of the company’s stock after selling 155 shares during the period. Affiance Financial LLC’s holdings in CocaCola were worth $201,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Family Legacy Financial Solutions LLC bought a new position in CocaCola in the 2nd quarter worth approximately $46,000. NorthCrest Asset Manangement LLC boosted its holdings in CocaCola by 41.0% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 24,378 shares of the company’s stock valued at $1,739,000 after purchasing an additional 7,087 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in CocaCola by 6.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,222,320 shares of the company’s stock valued at $87,213,000 after purchasing an additional 70,471 shares during the period. Capital Advisory Group Advisory Services LLC boosted its holdings in CocaCola by 5.9% in the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 18,519 shares of the company’s stock valued at $1,310,000 after purchasing an additional 1,032 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in CocaCola by 1.2% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 1,528,368 shares of the company’s stock valued at $108,132,000 after purchasing an additional 18,200 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 dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the transaction, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

KO has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. BNP Paribas reaffirmed an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. JPMorgan Chase & Co. lifted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, UBS Group dropped their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $76.93.

CocaCola Price Performance

Shares of NYSE:KO opened at $66.97 on Thursday. The stock has a market cap of $288.22 billion, a PE ratio of 23.75, a PEG ratio of 3.45 and a beta of 0.43. The company’s fifty day moving average is $69.07 and its 200 day moving average is $70.28. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. 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 issued its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.55 billion. During the same quarter last year, the company earned $0.84 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. CocaCola’s payout ratio is presently 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.