Atlas Brown Inc. Sells 333 Shares of CocaCola Company (The) $KO

Atlas Brown Inc. cut its holdings in shares of CocaCola Company (The) (NYSE:KO) by 1.6% in the 2nd quarter, Holdings Channel reports. The firm owned 20,050 shares of the company’s stock after selling 333 shares during the period. Atlas Brown Inc.’s holdings in CocaCola were worth $1,419,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Nuveen LLC acquired a new stake in CocaCola in the first quarter valued at $1,508,657,000. Wellington Management Group LLP lifted its position in CocaCola by 52.7% in the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company’s stock valued at $3,398,185,000 after acquiring an additional 16,383,870 shares in the last quarter. Boston Partners bought a new position in CocaCola in the 1st quarter valued at about $642,183,000. GAMMA Investing LLC lifted its position in shares of CocaCola by 8,419.4% during the 1st quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company’s stock worth $426,927,000 after buying an additional 5,891,034 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of CocaCola by 47.4% in the 1st quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company’s stock worth $848,315,000 after purchasing an additional 3,810,752 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Performance

Shares of NYSE:KO opened at $67.00 on Monday. 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. The firm has a fifty day simple moving average of $69.29 and a two-hundred day simple moving average of $70.37. The stock has a market capitalization of $288.35 billion, a P/E ratio of 23.76, a PEG ratio of 3.49 and a beta of 0.43.

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 the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion during the quarter, compared to analysts’ expectations of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. CocaCola’s payout ratio is currently 72.34%.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent research reports. BNP Paribas reiterated an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. UBS Group lowered their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. Morgan Stanley reiterated an “overweight” rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $76.93.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by company insiders.

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.