CocaCola Company (The) $KO Shares Sold by Castleview Partners LLC

Key Points

• Castleview Partners LLC reduced its investment in CocaCola by 48.7%, holding 4,251 shares worth $301,000 after selling 4,042 shares in the second quarter.
• Insider Nikolaos Koumettis sold 37,396 shares for over $2.5 million, reducing their ownership by 15.15%.
• Analysts maintain an overall "Buy" rating for CocaCola, with a current average price target of $76.93.

Castleview Partners LLC lessened its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 48.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,251 shares of the company's stock after selling 4,042 shares during the quarter. Castleview Partners LLC's holdings in CocaCola were worth $301,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. New Republic Capital LLC grew its position in CocaCola by 1.6% in the first quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock valued at $625,000 after acquiring an additional 139 shares in the last quarter. Alteri Wealth LLC grew its position in CocaCola by 2.1% in the first quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock valued at $492,000 after acquiring an additional 140 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in CocaCola by 0.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after acquiring an additional 143 shares in the last quarter. MBA Advisors LLC grew its position in CocaCola by 1.2% in the first quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock valued at $891,000 after acquiring an additional 143 shares in the last quarter. Finally, BXM Wealth LLC grew its position in CocaCola by 4.3% in the first quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock valued at $253,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Transactions at CocaCola

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 transaction, the insider directly owned 209,513 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. 0.97% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KO. UBS Group lowered their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their price objective 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. Finally, Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola presently has an average rating of "Buy" and an average price target of $76.93.

CocaCola Stock Performance

CocaCola stock opened at $66.40 on Thursday. The stock has a market cap of $285.74 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock has a 50 day moving average of $68.76 and a 200-day moving average of $70.13. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share (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 firm had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. During the same period last year, the business posted $0.84 earnings per share. The firm's revenue for the quarter 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, analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend 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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