CocaCola Company (The) $KO Shares Sold by Everpar Advisors LLC

Key Points

• Everpar Advisors LLC reduced its holdings in CocaCola Company by 19.9%, now owning 15,874 shares valued at around $1.12 million after selling 3,936 shares.
• CocaCola's latest quarterly earnings showed an EPS of $0.87, exceeding estimates by $0.04, with revenues of $12.50 billion, a 2.5% increase from the previous year.
• The company recently declared a quarterly dividend of $0.51 per share, representing a dividend yield of 3.1% and a payout ratio of 72.34%.

Everpar Advisors LLC trimmed its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 19.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,874 shares of the company's stock after selling 3,936 shares during the period. Everpar Advisors LLC's holdings in CocaCola were worth $1,123,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after buying an additional 4,591 shares during the period. Revolve Wealth Partners LLC increased its position in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after acquiring an additional 293 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of CocaCola by 12.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock worth $1,189,000 after acquiring an additional 2,072 shares in the last quarter. TrinityPoint Wealth LLC raised its holdings in shares of CocaCola by 5.1% during the fourth quarter. TrinityPoint Wealth LLC now owns 10,597 shares of the company's stock valued at $660,000 after acquiring an additional 512 shares during the period. Finally, Tidal Investments LLC lifted its position in shares of CocaCola by 30.3% in the 4th quarter. Tidal Investments LLC now owns 195,228 shares of the company's stock valued at $12,155,000 after acquiring an additional 45,372 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Insider Buying and Selling at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction 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 completion of the sale, the insider 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.90% of the company's stock.

CocaCola Stock Performance

Shares of KO stock opened at $66.22 on Tuesday. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The stock's 50-day moving average is $69.20 and its two-hundred day moving average is $70.33. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The firm has a market cap of $284.99 billion, a P/E ratio of 23.48, a PEG ratio of 3.49 and a beta of 0.43.

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 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 analysts' expectations of $12.55 billion. During the same quarter in the previous year, the business posted $0.84 EPS. The firm's quarterly 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 predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

Analysts Set New Price Targets

Several research firms have weighed in on KO. BNP Paribas reiterated an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an "outperform" rating in a 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 note on Wednesday, July 23rd. Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Finally, UBS Group reduced their price target 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. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $76.93.

CocaCola 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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