CocaCola Company (The) $KO Stock Position Cut by Ameritas Advisory Services LLC

Key Points

• Ameritas Advisory Services LLC reduced its stake in CocaCola by 10.1%, now holding 53,930 shares, valued at approximately $3.82 million.
• CocaCola recently reported quarterly earnings of $0.87 per share, exceeding analyst expectations, but had revenue of $12.50 billion, just below the forecast of $12.55 billion.
• The company declared a quarterly dividend of $0.51 per share, with a dividend yield of 3.1% and a payout ratio of 72.34%.

Ameritas Advisory Services LLC decreased its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 10.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,930 shares of the company's stock after selling 6,084 shares during the period. Ameritas Advisory Services LLC's holdings in CocaCola were worth $3,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in KO. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola during the 1st quarter valued at about $25,000. 1248 Management LLC purchased a new stake in CocaCola during the first quarter valued at about $26,000. Garde Capital Inc. purchased a new stake in CocaCola during the first quarter valued at about $30,000. Mizuho Securities Co. Ltd. lifted its stake in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after buying an additional 360 shares in the last quarter. 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 valued at $34,000 after buying an additional 285 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider owned 209,513 shares in the company, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.97% of the stock is currently owned by company insiders.

CocaCola Price Performance

NYSE KO opened at $66.09 on Friday. The firm has a market capitalization of $284.44 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.48 and a beta of 0.43. The company has a 50 day simple moving average of $68.32 and a 200-day simple moving average of $69.96. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

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 the consensus estimate of $0.83 by $0.04. The firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared 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. This represents a $2.04 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola's dividend payout ratio (DPR) is 72.34%.

Analyst Ratings Changes

A number of analysts have commented on KO shares. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. BNP Paribas reaffirmed an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. JPMorgan Chase & Co. upped their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. 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 research note on Thursday, September 11th. Finally, Wells Fargo & Company reduced their price objective on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $76.93.

CocaCola Company 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.

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