Baldwin Wealth Partners LLC MA Reduces Stock Position in CocaCola Company (The) $KO

Baldwin Wealth Partners LLC MA cut its stake in CocaCola Company (The) (NYSE:KO) by 4.1% in the second quarter, Holdings Channel.com reports. The firm owned 37,143 shares of the company’s stock after selling 1,600 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in CocaCola were worth $2,628,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in shares of CocaCola in the first quarter valued at approximately $25,000. 1248 Management LLC purchased a new position in CocaCola in the first quarter worth approximately $26,000. Garde Capital Inc. purchased a new position in CocaCola in the first quarter worth approximately $30,000. Mizuho Securities Co. Ltd. grew its position in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after acquiring an additional 360 shares during the period. Finally, Ridgewood Investments LLC grew its position in CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after acquiring an additional 285 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KO has been the subject of several analyst reports. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. BNP Paribas reiterated an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company lowered their price objective on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $76.93.

CocaCola Stock Up 0.3%

NYSE:KO opened at $66.30 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The stock’s fifty day moving average is $68.09 and its two-hundred day moving average is $69.86. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The stock has a market capitalization of $285.33 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 3.44 and a beta of 0.43.

CocaCola (NYSE:KO) last released its quarterly 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 return on equity of 44.91% and a net margin of 25.89%.The company had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.55 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. 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 EPS for the current year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola’s dividend payout ratio (DPR) is presently 72.34%.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction 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 directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.