CocaCola Company (The) $KO Shares Sold by Van Hulzen Asset Management LLC

Key Points

• Van Hulzen Asset Management LLC has reduced its stake in CocaCola Company by 19.5%, now owning 197,650 shares valued at approximately $14.16 million.
• Insider transactions included CEO James Quincey selling 266,403 shares for around $19.2 million, which is a 49.12% decrease in his ownership position.
• CocaCola recently declared a quarterly dividend of $0.51 per share, with an ex-dividend date of September 15th, representing an annualized dividend yield of 2.9%.

Van Hulzen Asset Management LLC decreased its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 19.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,650 shares of the company's stock after selling 48,000 shares during the period. CocaCola accounts for approximately 1.3% of Van Hulzen Asset Management LLC's portfolio, making the stock its 21st biggest holding. Van Hulzen Asset Management LLC's holdings in CocaCola were worth $14,156,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after purchasing an additional 4,591 shares during the period. Revolve Wealth Partners LLC increased its holdings 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 valued at $548,000 after purchasing an additional 293 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in CocaCola by 12.2% during 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 during the period. Renaissance Technologies LLC grew its holdings in CocaCola by 59.6% during the fourth quarter. Renaissance Technologies LLC now owns 5,013 shares of the company's stock worth $310,000 after acquiring an additional 1,873 shares during the period. Finally, Pinebridge Investments L.P. boosted its position in CocaCola by 12.3% during the fourth quarter. Pinebridge Investments L.P. now owns 381,950 shares of the company's stock worth $23,780,000 after purchasing an additional 41,924 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Activity at CocaCola

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upped 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. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. UBS Group reduced their price target on CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. BNP Paribas reissued an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Finally, Morgan Stanley reissued an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, CocaCola currently has a consensus rating of "Buy" and an average price target of $77.21.

CocaCola Trading Down 0.1%

Shares of NYSE KO opened at $70.6030 on Friday. The company has a market cap of $303.85 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 3.68 and a beta of 0.44. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock's 50 day simple moving average is $69.86 and its 200 day simple moving average is $70.29.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The business 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 business's revenue was up 2.5% on a year-over-year basis. 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. Equities research analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 dividend yield of 2.9%. CocaCola's dividend payout ratio (DPR) is 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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