Invst LLC Sells 10,648 Shares of CocaCola Company (The) $KO

Key Points

• Invst LLC reduced its stake in CocaCola Company by 32.2%, selling 10,648 shares and leaving them with 22,448 shares valued at $1.6 million.
• CocaCola reported $0.87 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $0.83, while their revenue was $12.5 billion, slightly below the consensus estimate.
• The company has declared a quarterly dividend of $0.51 per share, translating to an annualized yield of 3.0%, with a payout ratio of 72.34%.

Invst LLC cut its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 32.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,448 shares of the company's stock after selling 10,648 shares during the period. Invst LLC's holdings in CocaCola were worth $1,608,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KO. New Republic Capital LLC grew its stake in CocaCola by 1.6% in the first quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock worth $625,000 after purchasing an additional 139 shares in the last quarter. Alteri Wealth LLC lifted its holdings in shares of CocaCola by 2.1% in the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock worth $492,000 after buying an additional 140 shares during the period. Deseret Mutual Benefit Administrators grew its position in shares of CocaCola by 0.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock worth $1,439,000 after buying an additional 143 shares in the last quarter. MBA Advisors LLC grew its position in shares of CocaCola by 1.2% during the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock worth $891,000 after buying an additional 143 shares in the last quarter. Finally, BXM Wealth LLC increased its stake in shares of CocaCola by 4.3% during the first quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock valued at $253,000 after buying an additional 144 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction dated 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 sale, the insider owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.97% of the company's stock.

CocaCola Trading Down 0.3%

NYSE:KO opened at $67.62 on Friday. The stock has a market capitalization of $291.01 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 3.53 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 company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The firm has a 50 day moving average of $69.38 and a 200 day moving average of $70.40.

CocaCola (NYSE:KO - Get Free Report) last issued 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. The business had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, 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. Shareholders of record on Monday, September 15th will be paid a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. CocaCola's dividend payout ratio (DPR) is 72.34%.

Analyst Ratings Changes

KO has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Morgan Stanley restated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. UBS Group dropped their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, BNP Paribas restated an "outperform" rating and set a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat, the stock 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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