CocaCola Company (The) $KO Shares Purchased by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its stake in Coca-Cola by 164.2%, owning 128,434 shares valued at $9,087,000 as of the second quarter.
• Institutional investors collectively own 70.26% of Coca-Cola's stock, with various hedge funds recently acquiring new stakes.
• Coca-Cola announced a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 3.1%.

Callan Family Office LLC lifted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 164.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 128,434 shares of the company's stock after purchasing an additional 79,824 shares during the quarter. Callan Family Office LLC's holdings in CocaCola were worth $9,087,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola in the first quarter valued at approximately $25,000. 1248 Management LLC acquired a new stake in shares of CocaCola in the first quarter valued at approximately $26,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the first quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. increased its holdings in shares of CocaCola by 360.0% in 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. Finally, Ridgewood Investments LLC increased its holdings in shares of CocaCola by 148.4% in 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. Institutional investors and hedge funds own 70.26% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wells Fargo & Company lowered their price objective on CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their price objective on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. UBS Group lowered their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Finally, BNP Paribas reiterated an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat, CocaCola has a consensus rating of "Buy" and an average target price of $76.93.

Insider Transactions at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction 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 completion of the transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.97% of the company's stock.

CocaCola Trading Up 0.3%

KO opened at $66.30 on Friday. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The business has a fifty day simple moving average of $68.09 and a 200-day simple moving average of $69.86. The firm has a market cap of $285.33 billion, a P/E ratio of 23.51, a P/E/G ratio of 3.44 and a beta of 0.43. 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 results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same period last year, the business posted $0.84 earnings per share. The company'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. On average, equities analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

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

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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