Chickasaw Capital Management LLC Sells 2,230 Shares of CocaCola Company (The) $KO

Chickasaw Capital Management LLC trimmed its position 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 (SEC). The firm owned 40,747 shares of the company’s stock after selling 2,230 shares during the period. Chickasaw Capital Management LLC’s holdings in CocaCola were worth $2,883,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Intelligence Driven Advisers LLC boosted its holdings in CocaCola by 6.3% in the 2nd quarter. Intelligence Driven Advisers LLC now owns 3,684 shares of the company’s stock valued at $261,000 after purchasing an additional 217 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in CocaCola by 3.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 74,869 shares of the company’s stock valued at $5,297,000 after purchasing an additional 2,382 shares during the period. Gilman Hill Asset Management LLC boosted its holdings in CocaCola by 1.6% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 10,070 shares of the company’s stock valued at $712,000 after purchasing an additional 160 shares during the period. Stokes Capital Advisors LLC boosted its holdings in CocaCola by 1.2% in the 2nd quarter. Stokes Capital Advisors LLC now owns 106,438 shares of the company’s stock valued at $7,530,000 after purchasing an additional 1,293 shares during the period. Finally, Chesley Taft & Associates LLC boosted its holdings in CocaCola by 4.6% in the 2nd quarter. Chesley Taft & Associates LLC now owns 280,305 shares of the company’s stock valued at $19,832,000 after purchasing an additional 12,307 shares during the period. 70.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KO shares. UBS Group lowered their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. JPMorgan Chase & Co. lifted their target price on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. BNP Paribas reiterated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Finally, Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. 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.com, CocaCola has an average rating of “Buy” and an average price target of $76.93.

CocaCola Price Performance

KO stock opened at $66.97 on Thursday. The firm’s 50-day moving average price is $69.07 and its two-hundred day moving average price is $70.28. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The stock has a market capitalization of $288.22 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 3.45 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.55 billion. During the same quarter in the previous year, the company 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. As a group, equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

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%.

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.

About CocaCola

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.