CocaCola Company (The) $KO Shares Bought by EverSource Wealth Advisors LLC

Key Points

• EverSource Wealth Advisors LLC increased its stake in CocaCola by 61.8%, owning 26,133 shares valued at approximately $1.87 million after acquiring an additional 9,977 shares in the first quarter.
• Insider Nikolaos Koumettis sold 37,396 shares of CocaCola, resulting in a 15.15% decrease in ownership, while CEO James Quincey sold 266,403 shares, reducing their position by 49.12%.
• CocaCola recently announced a quarterly dividend of $0.51 per share, with an annualized yield of 2.9%, which is set to be paid on October 1st.

EverSource Wealth Advisors LLC increased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 61.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,133 shares of the company's stock after buying an additional 9,977 shares during the quarter. EverSource Wealth Advisors LLC's holdings in CocaCola were worth $1,872,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of CocaCola during the first quarter worth $1,508,657,000. Capital International Investors raised its stake in CocaCola by 96.0% in the fourth quarter. Capital International Investors now owns 24,949,194 shares of the company's stock valued at $1,553,337,000 after buying an additional 12,222,885 shares during the period. Boston Partners bought a new stake in CocaCola in the first quarter valued at approximately $642,183,000. GAMMA Investing LLC raised its stake in CocaCola by 8,419.4% in the first quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company's stock valued at $426,927,000 after buying an additional 5,891,034 shares during the period. Finally, Capital Research Global Investors increased its stake in shares of CocaCola by 119.0% during the fourth quarter. Capital Research Global Investors now owns 9,458,248 shares of the company's stock worth $588,871,000 after purchasing an additional 5,139,352 shares during the period. Institutional investors own 70.26% of the company's stock.

Insider Activity at CocaCola

In other CocaCola news, CEO James Quincey sold 266,403 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $72.06, for a total transaction 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 represents a 49.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nikolaos Koumettis sold 37,396 shares of the 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 directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

CocaCola Stock Performance

Shares of NYSE:KO traded up $0.9750 on Tuesday, hitting $70.1050. 13,292,350 shares of the company were exchanged, compared to its average volume of 16,855,889. 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 moving average price is $69.97 and its 200 day moving average price is $70.24. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The firm has a market capitalization of $301.71 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 3.64 and a beta of 0.44.

CocaCola (NYSE:KO - Get Free Report) last issued its 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. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $12.55 billion. During the same quarter last year, the company posted $0.84 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio is currently 72.34%.

Analyst Upgrades and Downgrades

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

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.