Global Assets Advisory LLC Cuts Stock Holdings in CocaCola Company (The) $KO

Key Points

• Global Assets Advisory LLC has reduced its stake in Coca-Cola by 57.5%, owning 5,359 shares after selling 7,256 shares in the second quarter.
• Insider Nikolaos Koumettis sold 37,396 shares of Coca-Cola, resulting in a 15.15% decrease in their ownership.
• Coca-Cola reported earnings of $0.87 per share, exceeding estimates, and set a FY 2025 guidance at 2.970 EPS amidst a revenue of $12.50 billion during the last quarter.

Global Assets Advisory LLC reduced its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 57.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,359 shares of the company's stock after selling 7,256 shares during the quarter. Global Assets Advisory LLC's holdings in CocaCola were worth $384,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KO. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola during the first quarter valued at about $25,000. 1248 Management LLC bought a new position in shares of CocaCola during the 1st quarter worth approximately $26,000. Garde Capital Inc. bought a new position in shares of CocaCola during the 1st quarter worth approximately $30,000. Mizuho Securities Co. Ltd. boosted its stake in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after buying an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC grew its holdings in shares of CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after acquiring an additional 285 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Activity at CocaCola

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 completion of the transaction, the insider directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by insiders.

CocaCola Price Performance

NYSE KO opened at $66.09 on Tuesday. 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 $284.43 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The firm's 50-day simple moving average is $68.23 and its two-hundred day simple moving average is $69.93.

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

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were given a dividend of $0.51 per share. The ex-dividend date was Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. CocaCola's dividend payout ratio is currently 72.34%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KO shares. Wells Fargo & Company cut their price objective on CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. JPMorgan Chase & Co. boosted their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. UBS Group decreased their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Finally, Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to MarketBeat.com, CocaCola currently has a consensus rating of "Buy" and an average target price of $76.93.

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.

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