CW Advisors LLC Has $82.30 Million Stock Position in CocaCola Company (The) $KO

Key Points

• CW Advisors LLC reduced its stake in CocaCola by 10.7%, selling 137,998 shares and now holds about 1,149,606 shares, representing 1.0% of its portfolio.
• CEO James Quincey sold 266,403 shares, a transaction valued at approximately $19.2 million, resulting in a 49.12% decrease in his ownership of the stock.
• CocaCola declared a quarterly dividend of $0.51 per share, with an annualized yield of 2.9%, scheduled for payment on October 1st to shareholders of record on September 15th.

CW Advisors LLC lessened its position in CocaCola Company (The) (NYSE:KO - Free Report) by 10.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,149,606 shares of the company's stock after selling 137,998 shares during the quarter. CocaCola accounts for approximately 1.0% of CW Advisors LLC's portfolio, making the stock its 10th largest holding. CW Advisors LLC's holdings in CocaCola were worth $82,303,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Summit Financial LLC boosted its position in CocaCola by 16.7% during the first quarter. Summit Financial LLC now owns 114,056 shares of the company's stock valued at $8,169,000 after buying an additional 16,299 shares during the period. Candriam S.C.A. boosted its position in CocaCola by 2.7% during the first quarter. Candriam S.C.A. now owns 498,338 shares of the company's stock valued at $35,691,000 after buying an additional 13,335 shares during the period. Sandhill Capital Partners LLC boosted its position in CocaCola by 1.1% during the first quarter. Sandhill Capital Partners LLC now owns 73,332 shares of the company's stock valued at $5,252,000 after buying an additional 822 shares during the period. Fosun International Ltd purchased a new stake in CocaCola during the first quarter valued at about $216,000. Finally, TFB Advisors LLC boosted its position in CocaCola by 8.7% during the first quarter. TFB Advisors LLC now owns 7,749 shares of the company's stock valued at $555,000 after buying an additional 617 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CocaCola

In related news, CEO James Quincey sold 266,403 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the transaction, the chief executive officer directly owned 275,946 shares of the company's stock, valued at $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.97% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KO has been the subject of several analyst reports. Morgan Stanley restated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. JPMorgan Chase & Co. upped their price target 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. UBS Group dropped their target price on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, BNP Paribas reiterated an "outperform" rating and set a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $77.21.

CocaCola Trading Down 0.8%

Shares of CocaCola stock traded down $0.5760 during trading on Friday, reaching $70.0840. 12,992,186 shares of the stock were exchanged, compared to its average volume of 12,724,011. 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 stock's fifty day moving average is $69.85 and its 200 day moving average is $70.40. The firm has a market cap of $301.62 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 3.65 and a beta of 0.44. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

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

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio is presently 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.