Haverford Trust Co Sells 24,637 Shares of CocaCola Company (The) $KO

Key Points

• Haverford Trust Co has reduced its stake in CocaCola by 1.8%, selling 24,637 shares, leaving it with 1,382,763 shares valued at approximately $99 million.
• CocaCola has reported a quarterly earnings per share of $0.87, surpassing analysts' expectations, and set its FY 2025 guidance at 2.970 EPS.
• The company recently announced a quarterly dividend of $0.51 per share, representing an annual yield of 2.9%.

Haverford Trust Co decreased its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,382,763 shares of the company's stock after selling 24,637 shares during the quarter. Haverford Trust Co's holdings in CocaCola were worth $99,034,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Trinity Legacy Partners LLC increased its holdings in shares of CocaCola by 51.2% during the first quarter. Trinity Legacy Partners LLC now owns 71,079 shares of the company's stock valued at $4,902,000 after acquiring an additional 24,076 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of CocaCola by 123.6% during the first quarter. AlphaQuest LLC now owns 10,387 shares of the company's stock valued at $744,000 after acquiring an additional 5,741 shares in the last quarter. Strategies Wealth Advisors LLC bought a new stake in shares of CocaCola during the first quarter valued at approximately $986,000. Allstate Corp increased its holdings in shares of CocaCola by 24.4% during the first quarter. Allstate Corp now owns 151,481 shares of the company's stock valued at $10,849,000 after acquiring an additional 29,753 shares in the last quarter. Finally, RPG Investment Advisory LLC increased its holdings in shares of CocaCola by 99.6% during the first quarter. RPG Investment Advisory LLC now owns 189,725 shares of the company's stock valued at $13,588,000 after acquiring an additional 94,683 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

CocaCola Stock Down 0.8%

KO stock opened at $70.0840 on Friday. The stock's fifty day simple moving average is $69.85 and its two-hundred day simple moving average is $70.35. 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 1-year low of $60.62 and a 1-year high of $74.38. The stock has a market cap of $301.62 billion, a P/E ratio of 24.85, a P/E/G ratio of 3.68 and a beta of 0.44.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data 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. 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 analysts' expectations of $12.55 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The business's revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 2.9%. CocaCola's payout ratio is currently 72.34%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KO. JPMorgan Chase & Co. boosted their price objective on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Morgan Stanley reiterated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. UBS Group decreased their price target on CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, BNP Paribas reiterated an "outperform" rating and set a $83.00 price target on shares of CocaCola in a 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $77.21.

Insider Buying and Selling at CocaCola

In other news, CEO James Quincey sold 266,403 shares of the 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 transaction, the chief executive officer owned 275,946 shares in the company, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $2,584,063.60. Following the transaction, the insider owned 209,513 shares of the company's stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by insiders.

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.

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