CocaCola Company (The) $KO Shares Sold by AlTi Global Inc.

Key Points

• AlTi Global Inc. reduced its stake in CocaCola Company by 6.1% during the first quarter, bringing its total shares to 77,805 worth approximately $5.6 million.
• Several institutional investors have increased their positions in CocaCola, with Vanguard Group acquiring an additional 1.1 million shares, and Wellington Management increasing its holdings by 52.7%.
• CocaCola recently announced a quarterly dividend of $0.51 per share, translating to an annualized yield of 3.0%, with a payout ratio of 72.34%.

AlTi Global Inc. decreased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,805 shares of the company's stock after selling 5,081 shares during the quarter. AlTi Global Inc.'s holdings in CocaCola were worth $5,609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola during the first quarter worth $25,000. Garde Capital Inc. purchased a new stake in CocaCola during the first quarter valued at $30,000. Mizuho Securities Co. Ltd. lifted its position in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares during the last quarter. Ridgewood Investments LLC lifted its position in CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after purchasing an additional 285 shares during the last quarter. Finally, REAP Financial Group LLC lifted its position in CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

CocaCola Trading Down 0.4%

KO stock traded down $0.31 during trading on Friday, hitting $67.95. The company had a trading volume of 23,968,643 shares, compared to its average volume of 14,052,755. The firm has a market capitalization of $292.41 billion, a P/E ratio of 24.09, a PEG ratio of 3.55 and a beta of 0.43. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a 50 day simple moving average of $69.65 and a 200-day simple moving average of $70.48. 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 - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The business had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio is presently 72.34%.

Analyst Ratings Changes

Several research firms have commented on KO. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group reduced their target price on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Morgan Stanley reissued an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Finally, BNP Paribas reissued an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $77.21.

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. 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.