CocaCola Company (The) $KO Shares Sold by Diversified Trust Co

Key Points

• Diversified Trust Co sold 5,306 shares of CocaCola, reducing its stake by 0.9%, leaving it with approximately 575,671 shares valued at $40.73 million.
• Analysts remain bullish on CocaCola, with a consensus rating of "Buy" and target prices ranging from $76 to $84, reflecting strong investor confidence.
• CocaCola recently declared a quarterly dividend of $0.51 per share, yielding 3.1%, with a payout ratio currently at 72.34%.

Diversified Trust Co decreased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 575,671 shares of the company's stock after selling 5,306 shares during the period. CocaCola accounts for about 0.9% of Diversified Trust Co's portfolio, making the stock its 19th largest holding. Diversified Trust Co's holdings in CocaCola were worth $40,729,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sage Financial Management Group Inc. bought a new position in CocaCola during the first quarter worth about $216,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in CocaCola by 6.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company's stock worth $2,212,300,000 after purchasing an additional 1,794,561 shares during the period. Cornerstone Wealth Management LLC lifted its position in CocaCola by 3.3% in the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock worth $8,686,000 after buying an additional 3,920 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of CocaCola by 0.5% during the first quarter. IFM Investors Pty Ltd now owns 762,841 shares of the company's stock valued at $54,635,000 after buying an additional 3,837 shares during the period. Finally, Advisors Capital Management LLC boosted its holdings in CocaCola by 37.7% in the first quarter. Advisors Capital Management LLC now owns 471,034 shares of the company's stock worth $33,735,000 after acquiring an additional 128,852 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. UBS Group cut their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. BNP Paribas reissued an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. JPMorgan Chase & Co. upped their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $76.93.

Insider Transactions at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.97% of the stock is currently owned by insiders.

CocaCola Stock Up 0.1%

Shares of CocaCola stock traded up $0.06 during midday trading on Friday, hitting $66.52. The company's stock had a trading volume of 31,087,715 shares, compared to its average volume of 17,067,516. The firm has a market capitalization of $286.28 billion, a P/E ratio of 23.59, a PEG ratio of 3.46 and a beta of 0.43. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The stock has a 50-day simple moving average of $68.93 and a 200-day simple moving average of $70.22.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly 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. The company 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 company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, sell-side analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. CocaCola's payout ratio 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.