Baird Financial Group Inc. Has $80.63 Million Stock Holdings in CocaCola Company (The) $KO

Key Points

• Baird Financial Group Inc. reduced its holdings in CocaCola by 5.5%, now owning approximately $80.63 million worth of shares.
• Several investors, including Mizuho Securities and Moser Wealth Advisors, significantly increased their stakes in CocaCola by rates of 360% and 449.5% respectively during the same quarter.
• CocaCola has announced a quarterly dividend of $0.51 per share, reflecting an annualized yield of 3.0%, with a dividend payout ratio of 72.34%.

Baird Financial Group Inc. decreased its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 5.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,125,816 shares of the company's stock after selling 65,315 shares during the period. Baird Financial Group Inc.'s holdings in CocaCola were worth $80,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola during the 1st quarter worth approximately $25,000. Garde Capital Inc. acquired a new stake in shares of CocaCola during the 1st quarter worth approximately $30,000. Mizuho Securities Co. Ltd. boosted its position in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 360 shares in the last quarter. Ridgewood Investments LLC boosted its position in shares of CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after acquiring an additional 285 shares in the last quarter. Finally, Moser Wealth Advisors LLC boosted its position in shares of CocaCola by 449.5% during the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after acquiring an additional 409 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insiders Place Their Bets

In related news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction 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 of the company's stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Morgan Stanley restated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. UBS Group cut their target price on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, BNP Paribas restated an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $77.21.

CocaCola Price Performance

KO stock opened at $69.01 on Friday. The company has a fifty day moving average price of $69.78 and a 200-day moving average price of $70.51. The company has a market capitalization of $297.00 billion, a P/E ratio of 24.47, a PEG ratio of 3.59 and a beta of 0.44. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21.

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

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is currently 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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