CHICAGO TRUST Co NA Boosts Stake in CocaCola Company (The) $KO

Key Points

• CHICAGO TRUST Co NA increased its stake in The Coca-Cola Company (NYSE:KO) by 23.8% in Q2, owning 31,578 shares valued at approximately $2.23 million by the end of the quarter.
• Insider Nikolaos Koumettis sold 37,396 shares of Coca-Cola stock for around $2.58 million, reducing his ownership by 15.15%.
• The company declared a $0.51 quarterly dividend, with the annualized dividend yield standing at 3.1%, set to be paid on October 1st.

CHICAGO TRUST Co NA raised its position in CocaCola Company (The) (NYSE:KO - Free Report) by 23.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,578 shares of the company's stock after buying an additional 6,073 shares during the period. CHICAGO TRUST Co NA's holdings in CocaCola were worth $2,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KO. Sage Financial Management Group Inc. acquired a new stake in shares of CocaCola in the 1st quarter valued at about $216,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of CocaCola by 6.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company's stock valued at $2,212,300,000 after purchasing an additional 1,794,561 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of CocaCola by 3.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock valued at $8,686,000 after purchasing an additional 3,920 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of CocaCola by 0.5% in the 1st quarter. IFM Investors Pty Ltd now owns 762,841 shares of the company's stock valued at $54,635,000 after purchasing an additional 3,837 shares in the last quarter. Finally, Advisors Capital Management LLC raised its stake in shares of CocaCola by 37.7% in the 1st quarter. Advisors Capital Management LLC now owns 471,034 shares of the company's stock valued at $33,735,000 after purchasing an additional 128,852 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm'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 value of $2,584,063.60. Following the sale, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KO shares. BNP Paribas restated an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. UBS Group cut their target price on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. Morgan Stanley restated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Finally, JPMorgan Chase & Co. upped 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. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. Based on data from MarketBeat, CocaCola presently has an average rating of "Buy" and a consensus price target of $76.93.

CocaCola Price Performance

KO opened at $66.27 on Tuesday. The firm has a market cap of $285.20 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 3.46 and a beta of 0.43. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company's 50-day moving average price is $68.87 and its 200 day moving average price is $70.18. 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 released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping 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%. CocaCola's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, sell-side analysts expect that CocaCola Company will post 2.96 earnings per share for the current 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 paid a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

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.

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