CocaCola Company (The) $KO Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 97.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,191 shares of the company's stock after selling 252,581 shares during the period. Jump Financial LLC's holdings in CocaCola were worth $515,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sage Financial Management Group Inc. purchased a new position in shares of CocaCola in the 1st quarter valued at about $216,000. Cornerstone Wealth Management LLC raised its holdings in CocaCola by 3.3% in the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock valued at $8,686,000 after acquiring an additional 3,920 shares in the last quarter. Clark Capital Management Group Inc. lifted its stake in CocaCola by 31.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company's stock worth $52,851,000 after acquiring an additional 204,681 shares during the last quarter. Fosun International Ltd acquired a new position in CocaCola during the 1st quarter worth approximately $216,000. Finally, Investors Research Corp grew its holdings in CocaCola by 21.5% during the 1st quarter. Investors Research Corp now owns 10,419 shares of the company's stock worth $746,000 after acquiring an additional 1,846 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Nikolaos Koumettis sold 37,396 shares of the company's 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 in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by company insiders.

CocaCola Stock Up 1.0%

KO opened at $69.01 on Tuesday. CocaCola Company has a one year low of $60.62 and a one 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 stock has a market capitalization of $297.00 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 3.59 and a beta of 0.43. The business's 50-day simple moving average is $69.76 and its 200-day simple moving average is $70.51.

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. The firm had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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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