CocaCola Company (The) $KO Shares Sold by Groupe la Francaise

Key Points

• Groupe la Francaise reduced its stake in CocaCola by 3.0%, holding 689,037 shares valued at approximately $48.2 million.
• Institutional investors now own 70.26% of CocaCola's stock, with notable increases in stakes from firms like Trinity Legacy Partners and RPG Investment Advisory.
• CocaCola recently declared a quarterly dividend of $0.51 per share, with a dividend yield of 2.9% and an expected payout ratio of 72.34%.

Groupe la Francaise lowered its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 3.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 689,037 shares of the company's stock after selling 21,326 shares during the quarter. CocaCola accounts for about 1.0% of Groupe la Francaise's portfolio, making the stock its 25th biggest holding. Groupe la Francaise's holdings in CocaCola were worth $48,223,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Trinity Legacy Partners LLC grew its stake in CocaCola by 51.2% in the 1st quarter. Trinity Legacy Partners LLC now owns 71,079 shares of the company's stock valued at $4,902,000 after acquiring an additional 24,076 shares during the period. AlphaQuest LLC grew its stake in CocaCola by 123.6% in the 1st quarter. AlphaQuest LLC now owns 10,387 shares of the company's stock valued at $744,000 after acquiring an additional 5,741 shares during the period. Strategies Wealth Advisors LLC acquired a new stake in CocaCola in the 1st quarter valued at $986,000. Allstate Corp grew its stake in CocaCola by 24.4% in the 1st quarter. Allstate Corp now owns 151,481 shares of the company's stock valued at $10,849,000 after acquiring an additional 29,753 shares during the period. Finally, RPG Investment Advisory LLC grew its stake in CocaCola by 99.6% in the 1st quarter. RPG Investment Advisory LLC now owns 189,725 shares of the company's stock valued at $13,588,000 after acquiring an additional 94,683 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KO. UBS Group decreased their price objective on CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price objective on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. BNP Paribas restated an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Morgan Stanley restated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, CocaCola has an average rating of "Buy" and a consensus price target of $77.21.

Insider Buying and Selling at CocaCola

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

CocaCola Stock Down 0.8%

NYSE KO opened at $70.0840 on Friday. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. 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 business's fifty day simple moving average is $69.85 and its 200-day simple moving average is $70.35. The firm has a market cap of $301.62 billion, a PE ratio of 24.85, a P/E/G ratio of 3.68 and a beta of 0.44.

CocaCola (NYSE:KO - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $12.55 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. The company'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. As a group, equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business 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. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, September 15th. CocaCola's payout ratio is currently 72.34%.

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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