American Century Companies Inc. Sells 54,533 Shares of CocaCola Company (The) $KO

American Century Companies Inc. decreased its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 7.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 648,370 shares of the company's stock after selling 54,533 shares during the quarter. American Century Companies Inc.'s holdings in CocaCola were worth $46,436,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in CocaCola by 0.3% in the first quarter. Vanguard Group Inc. now owns 361,200,808 shares of the company's stock worth $25,869,202,000 after purchasing an additional 1,114,422 shares in the last quarter. Northern Trust Corp grew its stake in CocaCola by 9.5% in the fourth quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock worth $2,727,131,000 after purchasing an additional 3,811,756 shares in the last quarter. Nuveen LLC bought a new position in CocaCola in the first quarter worth approximately $1,508,657,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in CocaCola by 5.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,133,745 shares of the company's stock worth $1,155,499,000 after purchasing an additional 866,773 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in CocaCola by 8.0% in the first quarter. Deutsche Bank AG now owns 13,376,070 shares of the company's stock worth $957,994,000 after purchasing an additional 988,201 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business'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 of the company's stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James Quincey sold 266,403 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the sale, the chief executive officer directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

CocaCola Stock Up 1.4%

KO stock opened at $70.1050 on Wednesday. The firm has a market cap of $301.71 billion, a PE ratio of 24.86, a PEG ratio of 3.60 and a beta of 0.44. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The firm's 50 day moving average price is $69.92 and its 200-day moving average price is $70.24. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter 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, equities research analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The company also recently announced 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 of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. CocaCola's payout ratio is presently 72.34%.

Analyst Upgrades and Downgrades

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

CocaCola Company Profile

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.

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