Greenleaf Trust Has $10.76 Million Stake in CocaCola Company (The) $KO

Key Points

• Greenleaf Trust reduced its stake in CocaCola by 13.7%, owning 152,096 shares worth approximately $10.76 million after selling 24,201 shares in the second quarter.
• Insider Nikolaos Koumettis sold 37,396 shares of CocaCola at an average price of $69.10, representing a 15.15% decrease in his holdings.
• CocaCola announced a quarterly dividend of $0.51, with a payout ratio of 72.34%, and plans to pay this on October 1st to investors on record as of September 15th.

Greenleaf Trust decreased its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,096 shares of the company's stock after selling 24,201 shares during the period. Greenleaf Trust's holdings in CocaCola were worth $10,761,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KO. MorganRosel Wealth Management LLC acquired a new stake in CocaCola during the 1st quarter worth approximately $25,000. 1248 Management LLC bought a new position in CocaCola during the first quarter worth $26,000. Garde Capital Inc. bought a new stake in CocaCola during the first quarter valued at $30,000. Mizuho Securities Co. Ltd. grew its holdings in CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 360 shares during the period. Finally, Ridgewood Investments LLC raised its position in shares of CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after acquiring an additional 285 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction dated 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 completion of the transaction, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.97% of the company's stock.

CocaCola Price Performance

Shares of KO opened at $66.00 on Tuesday. The business's fifty day moving average is $68.50 and its 200 day moving average is $70.04. CocaCola Company has a 12-month low of $60.62 and a 12-month 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 market cap of $284.04 billion, a P/E ratio of 23.40, a P/E/G ratio of 3.42 and a beta of 0.43.

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

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.1%. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KO. BNP Paribas reiterated an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. UBS Group reduced their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. 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. JPMorgan Chase & Co. raised 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. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $76.93.

CocaCola Company 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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