CocaCola Company (The) $KO Stock Holdings Decreased by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp reduced its stake in CocaCola by 90.4%, selling 365,987 shares, leaving them with 38,949 shares worth approximately $2.8 million.
• CocaCola reported earnings of $0.87 per share for the last quarter, surpassing analysts' expectations, with revenues of $12.5 billion, up 2.5% year-over-year.
• The company has announced a quarterly dividend of $0.51 per share, indicating a dividend yield of 3.0%, with a payout ratio of 72.34%.

Jones Financial Companies Lllp trimmed its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 90.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,949 shares of the company's stock after selling 365,987 shares during the period. Jones Financial Companies Lllp's holdings in CocaCola were worth $2,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Republic Capital LLC grew its position in CocaCola by 1.6% in the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock worth $625,000 after purchasing an additional 139 shares during the last quarter. Alteri Wealth LLC lifted its position in shares of CocaCola by 2.1% during the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock worth $492,000 after buying an additional 140 shares during the period. Deseret Mutual Benefit Administrators lifted its position in CocaCola by 0.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock worth $1,439,000 after buying an additional 143 shares in the last quarter. MBA Advisors LLC increased its position in CocaCola by 1.2% in the first quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock worth $891,000 after purchasing an additional 143 shares during the period. Finally, BXM Wealth LLC increased its position in CocaCola by 4.3% in the first quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock worth $253,000 after purchasing an additional 144 shares during the period. 70.26% of the stock is currently owned by institutional investors.

CocaCola Price Performance

CocaCola stock traded down $0.20 during trading on Thursday, reaching $67.62. The company had a trading volume of 15,112,075 shares, compared to its average volume of 15,765,189. The firm's 50-day simple moving average is $69.45 and its 200 day simple moving average is $70.42. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The firm has a market capitalization of $291.01 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 3.53 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the previous year, the firm posted $0.84 earnings per share. The company'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 anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.0%. CocaCola's dividend payout ratio is 72.34%.

Analyst Upgrades and Downgrades

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

Insider Activity 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.97% of the stock is owned by corporate insiders.

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.