CocaCola Company (The) $KO Stock Position Raised by Dorsey & Whitney Trust CO LLC

Key Points

• Dorsey & Whitney Trust CO LLC increased its position in CocaCola Company by 21.7%, bringing its total to approximately $2.86 million worth of shares.
• CocaCola reported earnings per share of $0.87 for the latest quarter, surpassing analyst expectations of $0.83, with a revenue of $12.50 billion.
• The company announced a quarterly dividend of $0.51 per share, set to be paid on October 1st, reflecting a 2.9% dividend yield.

Dorsey & Whitney Trust CO LLC lifted its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 21.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,896 shares of the company's stock after purchasing an additional 7,113 shares during the quarter. Dorsey & Whitney Trust CO LLC's holdings in CocaCola were worth $2,857,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sage Financial Management Group Inc. acquired a new stake in shares of CocaCola during the 1st quarter worth approximately $216,000. Voleon Capital Management LP acquired a new stake in shares of CocaCola during the 4th quarter worth approximately $2,513,000. Cornerstone Wealth Management LLC raised its position in shares of CocaCola by 3.3% during the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock worth $8,686,000 after purchasing an additional 3,920 shares during the period. Clark Capital Management Group Inc. raised its position in shares of CocaCola by 31.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company's stock worth $52,851,000 after purchasing an additional 204,681 shares during the period. Finally, Investors Research Corp raised its position in shares of CocaCola by 21.5% during the 1st quarter. Investors Research Corp now owns 10,419 shares of the company's stock worth $746,000 after purchasing an additional 1,846 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. UBS Group lowered 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. 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. 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. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $77.21.

CocaCola Price Performance

NYSE KO traded down $0.5760 on Friday, reaching $70.0840. 12,992,186 shares of the stock traded hands, compared to its average volume of 12,724,011. The firm's fifty day simple moving average is $69.85 and its 200 day simple moving average is $70.35. 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 company has a market cap of $301.62 billion, a price-to-earnings ratio of 24.85, a P/E/G 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.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The firm had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, research analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

Insiders Place Their Bets

In other news, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction 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. This trade represents a 49.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction on 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 sale, the insider directly owned 209,513 shares of the company's stock, 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. Company insiders own 0.97% of the company's stock.

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.