CocaCola Company (The) $KO Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB decreased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,505 shares of the company's stock after selling 5,235 shares during the period. E. Ohman J or Asset Management AB's holdings in CocaCola were worth $12,205,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of KO. Nuveen LLC bought a new position in shares of CocaCola during the first quarter worth about $1,508,657,000. Wellington Management Group LLP lifted its position in shares of CocaCola by 52.7% during the first quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock worth $3,398,185,000 after purchasing an additional 16,383,870 shares during the last quarter. Boston Partners bought a new position in shares of CocaCola during the first quarter worth about $642,183,000. GAMMA Investing LLC lifted its position in shares of CocaCola by 8,419.4% during the first quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company's stock worth $426,927,000 after purchasing an additional 5,891,034 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of CocaCola by 47.4% during the first quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company's stock worth $848,315,000 after purchasing an additional 3,810,752 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Insider Activity at CocaCola

In related 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 transaction of $2,584,063.60. Following the transaction, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

CocaCola Price Performance

Shares of NYSE:KO opened at $67.00 on Monday. The firm's 50 day moving average is $69.29 and its two-hundred day moving average is $70.37. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The firm has a market capitalization of $288.35 billion, a P/E ratio of 23.76, a PEG ratio of 3.49 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.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $12.55 billion. During the same quarter last year, the business earned $0.84 earnings per share. CocaCola's revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

Wall Street Analyst Weigh In

KO has been the topic of several research reports. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. BNP Paribas reiterated an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. JPMorgan Chase & Co. increased their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Morgan Stanley reiterated an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Finally, UBS Group dropped their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $76.93.

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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