Dimensional Fund Advisors LP Cuts Holdings in CocaCola Company (The) $KO

Key Points

• Dimensional Fund Advisors LP has reduced its stake in CocaCola by 1.3%, owning approximately 17.54 million shares valued at $1.26 billion as of the latest SEC filing.
• CocaCola reported quarterly earnings of $0.87 EPS, exceeding estimates, and generated $12.50 billion in revenue, a 2.5% increase from the previous year.
• The company recently declared a $0.51 quarterly dividend with a yield of 2.9%, set to be paid on October 1st to shareholders of record by September 15th.

Dimensional Fund Advisors LP cut its position in CocaCola Company (The) (NYSE:KO - Free Report) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,541,444 shares of the company's stock after selling 228,514 shares during the period. Dimensional Fund Advisors LP owned 0.41% of CocaCola worth $1,256,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new position in CocaCola during the first quarter worth approximately $25,000. Garde Capital Inc. purchased a new position in CocaCola during the first quarter worth approximately $30,000. Mizuho Securities Co. Ltd. lifted its position in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after buying an additional 360 shares in the last quarter. Ridgewood Investments LLC lifted its position 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 buying an additional 285 shares in the last quarter. Finally, REAP Financial Group LLC lifted its position in CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after buying an additional 208 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was 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 directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Quincey sold 266,403 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the sale, the chief executive officer directly owned 275,946 shares of the company's stock, valued at $19,884,668.76. The trade was a 49.12% 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 Up 1.4%

KO traded up $0.9750 on Tuesday, hitting $70.1050. 10,430,646 shares of the company were exchanged, compared to its average volume of 16,818,494. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a market cap of $301.71 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 3.64 and a beta of 0.44. 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 firm has a 50-day moving average price of $69.97 and a two-hundred day moving average price of $70.24.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The firm had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $12.55 billion. During the same period in the previous year, the firm posted $0.84 EPS. CocaCola's revenue for the quarter 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 analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have commented on KO. Morgan Stanley restated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. 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. lifted their target price on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. BNP Paribas restated an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Finally, UBS Group reduced their target price on CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price 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.