HS Management Partners LLC Sells 270,940 Shares of CocaCola Company (The) $KO

Key Points

• HS Management Partners LLC has reduced its stake in CocaCola Company by 22.7%, selling 270,940 shares and now holding a total of 921,075 shares, which represent approximately 5.3% of its portfolio.
• CocaCola recently reported earnings of $0.87 per share, exceeding the expected $0.83, while revenue reached $12.50 billion, slightly below estimates of $12.55 billion.
• The company announced a quarterly dividend of $0.51 per share, representing a 3.1% dividend yield, with the payout ratio currently at 72.34%.

HS Management Partners LLC trimmed its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 22.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 921,075 shares of the company's stock after selling 270,940 shares during the quarter. CocaCola accounts for approximately 5.3% of HS Management Partners LLC's portfolio, making the stock its 6th largest holding. HS Management Partners LLC's holdings in CocaCola were worth $65,166,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sage Financial Management Group Inc. purchased a new stake in shares of CocaCola in the first quarter valued at about $216,000. Perigon Wealth Management LLC lifted its holdings in shares of CocaCola by 3.6% in the second quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company's stock valued at $9,209,000 after purchasing an additional 4,469 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of CocaCola by 6.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company's stock valued at $2,212,300,000 after purchasing an additional 1,794,561 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of CocaCola by 3.3% in the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock valued at $8,686,000 after purchasing an additional 3,920 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its holdings in shares of CocaCola by 0.5% in the first quarter. IFM Investors Pty Ltd now owns 762,841 shares of the company's stock valued at $54,635,000 after purchasing an additional 3,837 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Performance

Shares of KO stock opened at $65.64 on Friday. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The firm has a market capitalization of $282.49 billion, a P/E ratio of 23.28, a P/E/G ratio of 3.44 and a beta of 0.43. The company's fifty day moving average price is $68.58 and its two-hundred day moving average price is $70.05.

CocaCola (NYSE:KO - Get Free Report) last released 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 company 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 in the previous year, the firm earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 dividend yield of 3.1%. CocaCola's payout ratio is presently 72.34%.

Insider Buying and Selling at CocaCola

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. BNP Paribas reissued an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. JPMorgan Chase & Co. upped their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company dropped their price objective on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, UBS Group dropped 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. One analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target 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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