Kestra Advisory Services LLC Trims Stock Position in CocaCola Company (The) $KO

Key Points

• Kestra Advisory Services LLC has reduced its stake in CocaCola Company by 4.2%, owning 505,213 shares valued at approximately $36.18 million after selling 22,084 shares in the first quarter.
• Insider sales included CEO James Quincey, who sold 266,403 shares for about $19.2 million, decreasing his ownership by 49.12%.
• CocaCola recently announced a quarterly dividend of $0.51 per share, with an annualized dividend yield of 2.9%, to be paid on October 1st to investors of record by September 15th.

Kestra Advisory Services LLC reduced its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 505,213 shares of the company's stock after selling 22,084 shares during the quarter. Kestra Advisory Services LLC's holdings in CocaCola were worth $36,183,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KO. MorganRosel Wealth Management LLC purchased a new stake in shares of CocaCola in the first quarter valued at about $25,000. Garde Capital Inc. acquired a new stake in CocaCola in the first quarter valued at about $30,000. Mizuho Securities Co. Ltd. boosted its holdings in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares in the last quarter. Ridgewood Investments LLC raised its stake in shares of CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after buying an additional 285 shares in the last quarter. Finally, REAP Financial Group LLC lifted its holdings in shares of CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after buying an additional 208 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Buying and Selling at CocaCola

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 transaction, the insider directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the sale, the chief executive officer directly owned 275,946 shares of the company's stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by corporate insiders.

CocaCola Trading Down 0.1%

Shares of CocaCola stock opened at $70.6030 on Friday. The business's fifty day moving average is $69.86 and its two-hundred day moving average is $70.29. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The firm has a market cap of $303.85 billion, a PE ratio of 25.04, a P/E/G ratio of 3.68 and a beta of 0.44.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $12.55 billion. During the same period in the prior year, the firm posted $0.84 EPS. The business's revenue for the quarter was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. CocaCola's payout ratio is presently 72.34%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. UBS Group dropped their target price on shares of 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 research note on Monday, July 21st. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Finally, Morgan Stanley reiterated an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $77.21.

CocaCola 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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