Edmond DE Rothschild Holding S.A. Decreases Stock Holdings in CocaCola Company (The) $KO

Key Points

• Edmond DE Rothschild Holding S.A. reduced its holdings in CocaCola by 5.1%, selling 20,815 shares and holding a total of 387,591 shares now valued at approximately $27.76 million.
• Nuveen LLC made a significant entry into CocaCola, purchasing new shares valued at around $1.51 billion, while Wellington Management Group increased its holdings by 52.7%.
• CocaCola recently declared a quarterly dividend of $0.51, set to be paid on October 1st, yielding approximately 3.0% with a payout ratio of 72.34%.

Edmond DE Rothschild Holding S.A. decreased its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 387,591 shares of the company's stock after selling 20,815 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in CocaCola were worth $27,759,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola during the 1st quarter valued at approximately $25,000. Garde Capital Inc. bought a new position in shares of CocaCola during the 1st quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. increased its position in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares during the last quarter. Ridgewood Investments LLC increased its position in shares of CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after purchasing an additional 285 shares during the last quarter. Finally, Moser Wealth Advisors LLC increased its position in shares of CocaCola by 449.5% during the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock valued at $36,000 after purchasing an additional 409 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.97% of the company's stock.

CocaCola Trading Down 0.4%

Shares of CocaCola stock traded down $0.31 on Friday, hitting $67.95. 23,968,643 shares of the company traded hands, compared to its average volume of 14,052,755. The stock's 50 day moving average price is $69.65 and its 200-day moving average price is $70.48. 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 52 week low of $60.62 and a 52 week high of $74.38. The company has a market cap of $292.41 billion, a PE ratio of 24.09, a PEG ratio of 3.54 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the company earned $0.84 EPS. The business'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. Equities research analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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 given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. CocaCola's dividend payout ratio is presently 72.34%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley reissued an "overweight" rating and set 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. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their price objective on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, UBS Group cut their price objective 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 equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus 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.