Ameriflex Group Inc. Sells 19,150 Shares of CocaCola Company (The) $KO

Key Points

• Ameriflex Group Inc. has significantly cut its stake in CocaCola by 89.5%, selling 19,150 shares and holding only 2,243 shares valued at approximately $156,000.
• CocaCola's quarterly earnings report revealed $0.87 earnings per share for the quarter, exceeding analysts' expectations, along with a revenue of $12.50 billion.
• The company recently paid a quarterly dividend of $0.51 per share, indicating a 3.1% yield and a dividend payout ratio of 72.34%.

Ameriflex Group Inc. reduced its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 89.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,243 shares of the company's stock after selling 19,150 shares during the period. Ameriflex Group Inc.'s holdings in CocaCola were worth $156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. QRG Capital Management Inc. grew its position in CocaCola by 6.9% during the 2nd quarter. QRG Capital Management Inc. now owns 417,069 shares of the company's stock worth $29,508,000 after acquiring an additional 26,896 shares during the last quarter. Precedent Wealth Partners LLC bought a new stake in CocaCola during the 2nd quarter worth approximately $1,184,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in CocaCola by 7.3% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 53,683 shares of the company's stock worth $3,798,000 after acquiring an additional 3,630 shares during the last quarter. Greenwood Capital Associates LLC grew its position in CocaCola by 0.4% during the 2nd quarter. Greenwood Capital Associates LLC now owns 79,167 shares of the company's stock worth $5,601,000 after acquiring an additional 304 shares during the last quarter. Finally, 1900 Wealth Management LLC grew its position in CocaCola by 3.4% during the 2nd quarter. 1900 Wealth Management LLC now owns 6,115 shares of the company's stock worth $433,000 after acquiring an additional 202 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KO shares. UBS Group decreased their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. BNP Paribas restated an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Wells Fargo & Company decreased their price target on CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CocaCola in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. upped their price objective on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. One research 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, CocaCola has an average rating of "Buy" and an average target price of $76.93.

Insider Buying and Selling

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the sale, the insider owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.97% of the company's stock.

CocaCola Stock Performance

KO stock opened at $66.65 on Friday. The business's fifty day moving average is $68.27 and its 200-day moving average is $69.94. 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 company has a market cap of $286.86 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities research analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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

CocaCola 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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