Douglass Winthrop Advisors LLC Lowers Position in CocaCola Company (The) $KO

Key Points

• Douglass Winthrop Advisors LLC has sold 4,506 shares of CocaCola Company, reducing its stake by 4.7% to a total of 91,355 shares valued at $6.54 million.
• CEO James Quincey recently sold 266,403 shares worth approximately $19.2 million, leading to a 49.12% reduction in his ownership of the stock.
• CocaCola reported a 12.50 billion revenue in its latest earnings, slightly below the consensus estimate, but earnings per share surpassed expectations at $0.87.

Douglass Winthrop Advisors LLC decreased its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 4.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,355 shares of the company's stock after selling 4,506 shares during the period. Douglass Winthrop Advisors LLC's holdings in CocaCola were worth $6,543,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KO. Nuveen LLC bought a new position in CocaCola during the 1st quarter valued at approximately $1,508,657,000. Wellington Management Group LLP raised its position in CocaCola by 52.7% during the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock valued at $3,398,185,000 after purchasing an additional 16,383,870 shares during the last quarter. Boston Partners bought a new position in CocaCola during the 1st quarter valued at approximately $642,183,000. GAMMA Investing LLC raised its position in CocaCola by 8,419.4% during the 1st quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company's stock valued at $426,927,000 after purchasing an additional 5,891,034 shares during the last quarter. Finally, Northern Trust Corp raised its position in CocaCola by 9.5% during the 4th quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock valued at $2,727,131,000 after purchasing an additional 3,811,756 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

KO has been the subject of several research reports. BNP Paribas reissued an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. UBS Group decreased their target price on CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, Morgan Stanley reissued an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $77.21.

CocaCola Stock Down 0.3%

KO traded down $0.22 during trading on Thursday, hitting $68.62. 5,242,495 shares of the company's stock traded hands, compared to its average volume of 16,678,313. The company's 50 day simple moving average is $69.79 and its two-hundred day simple moving average is $70.46. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The stock has a market capitalization of $295.30 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 3.58 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 EPS for the quarter, beating 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 business had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. During the same period last year, the business posted $0.84 EPS. The company'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. Analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is 72.34%.

Insiders Place Their Bets

In other news, 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 transaction, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction on 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 transaction, the chief executive officer owned 275,946 shares in the company, valued at $19,884,668.76. This trade represents a 49.12% 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.

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.