Exchange Capital Management Inc. Has $801,000 Stock Holdings in CocaCola Company (The) $KO

Exchange Capital Management Inc. trimmed its holdings in shares of CocaCola Company (The) (NYSE:KO) by 16.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,327 shares of the company’s stock after selling 2,220 shares during the quarter. Exchange Capital Management Inc.’s holdings in CocaCola were worth $801,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Abacus Planning Group Inc. increased its position in shares of CocaCola by 0.9% during the second quarter. Abacus Planning Group Inc. now owns 30,929 shares of the company’s stock worth $2,188,000 after acquiring an additional 269 shares in the last quarter. Trinity Legacy Partners LLC increased its holdings in CocaCola by 3.0% during the 2nd quarter. Trinity Legacy Partners LLC now owns 73,227 shares of the company’s stock worth $5,072,000 after purchasing an additional 2,148 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of CocaCola in the 2nd quarter valued at about $425,000. Triad Wealth Partners LLC lifted its holdings in shares of CocaCola by 10.6% in the second quarter. Triad Wealth Partners LLC now owns 9,786 shares of the company’s stock valued at $692,000 after purchasing an additional 934 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of CocaCola by 12.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,994,550 shares of the company’s stock valued at $141,114,000 after purchasing an additional 219,131 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the company’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 value of $2,584,063.60. Following the sale, the insider owned 209,513 shares in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.97% of the stock is owned by corporate insiders.

CocaCola Trading Up 0.8%

NYSE KO opened at $66.65 on Friday. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock has a 50 day moving average of $68.27 and a 200-day moving average of $69.94. The company has a market cap of $286.86 billion, a PE ratio of 23.64, a PEG ratio of 3.45 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $12.55 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The company’s quarterly 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. On average, equities research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, September 15th. CocaCola’s payout ratio is 72.34%.

Analyst Upgrades and Downgrades

KO has been the subject of a number of research reports. Morgan Stanley reiterated an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Wells Fargo & Company decreased their price target on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. BNP Paribas reissued an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Saturday, September 27th. Finally, Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and an average price target of $76.93.

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.