Jacobs & Co. CA Sells 4,458 Shares of CocaCola Company (The) $KO

Key Points

• Jacobs & Co. CA has reduced its stake in CocaCola Company by 6.6%, selling 4,458 shares and now holding a total of 63,005 shares valued at approximately $4.46 million.
• CocaCola's quarterly earnings report revealed an EPS of $0.87, exceeding estimates, with a year-over-year revenue increase of 2.5% despite slight revenue miss expectations.
• The company announced a $0.51 quarterly dividend to be paid on October 1st, reflecting a yield of 3.0% and a dividend payout ratio of 72.34%.

Jacobs & Co. CA lessened its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,005 shares of the company's stock after selling 4,458 shares during the quarter. Jacobs & Co. CA's holdings in CocaCola were worth $4,457,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in shares of CocaCola during the first quarter valued at approximately $25,000. 1248 Management LLC purchased a new stake in shares of CocaCola during the first quarter valued at approximately $26,000. Garde Capital Inc. purchased a new stake in shares of CocaCola during the first quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. boosted its stake in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares during the period. Finally, Ridgewood Investments LLC boosted its stake in shares of CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after purchasing an additional 285 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Stock Performance

Shares of CocaCola stock opened at $67.00 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $288.35 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.52 and a beta of 0.43. The business has a fifty day simple moving average of $69.29 and a two-hundred day simple moving average of $70.37. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

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

CocaCola Dividend Announcement

The company 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 dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.0%. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BNP Paribas reiterated an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. 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. UBS Group dropped their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. raised their price target on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. Based on data from MarketBeat, CocaCola has a consensus rating of "Buy" and a consensus target price of $76.93.

Insider Buying and Selling

In other CocaCola 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 transaction of $2,584,063.60. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 0.97% of the company's stock.

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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