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

Key Points

• Kingswood Wealth Advisors LLC reduced its stake in CocaCola Company by 29.1%, selling 19,760 shares and holding 48,046 shares worth approximately $3.4 million at the end of the last quarter.
• CocaCola reported $0.87 earnings per share for the latest quarter, surpassing analysts' expectations of $0.83, with a year-over-year revenue increase of 2.5% despite a slight miss on revenue estimates.
• The company recently paid a quarterly dividend of $0.51 per share, reflecting an annual yield of 3.1% and a payout ratio of 72.34%.

Kingswood Wealth Advisors LLC reduced its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 29.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,046 shares of the company's stock after selling 19,760 shares during the period. Kingswood Wealth Advisors LLC's holdings in CocaCola were worth $3,399,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. MorganRosel Wealth Management LLC purchased a new stake in shares of CocaCola in the 1st quarter valued at approximately $25,000. 1248 Management LLC acquired a new stake in CocaCola in the 1st quarter valued at approximately $26,000. Garde Capital Inc. purchased a new stake in CocaCola in the first quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. raised its position in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares during the period. Finally, Ridgewood Investments LLC lifted its stake in CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after purchasing an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Stock Performance

Shares of CocaCola stock opened at $66.09 on Tuesday. The business has a 50-day simple moving average of $68.23 and a 200-day simple moving average of $69.93. The company has a market cap of $284.43 billion, a PE ratio of 23.44, a P/E/G ratio of 3.47 and a beta of 0.43. 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.

CocaCola (NYSE:KO - Get Free Report) last issued 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. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm's quarterly revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities research analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business'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 completion of the sale, the insider 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 can be accessed through this link. Corporate insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KO shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of CocaCola in a report on Saturday, September 27th. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research 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. Finally, Wells Fargo & Company cut their target price on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat, the company 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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