CocaCola Company (The) $KO Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB reduced its stake in Coca-Cola Company by 2.4%, owning approximately 1.3 million shares valued at $93.5 million.
• Several institutional investors, including Brighton Jones LLC and Renaissance Technologies LLC, increased their stakes in Coca-Cola during the fourth quarter.
• Coca-Cola announced a quarterly dividend of $0.51, representing an annualized yield of 3.0%, with the payment date set for October 1st.

Lansforsakringar Fondforvaltning AB publ lessened its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,305,761 shares of the company's stock after selling 31,490 shares during the period. CocaCola comprises 0.6% of Lansforsakringar Fondforvaltning AB publ's portfolio, making the stock its 27th largest position. Lansforsakringar Fondforvaltning AB publ's holdings in CocaCola were worth $93,519,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after purchasing an additional 4,591 shares during the period. Revolve Wealth Partners LLC raised its position in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after purchasing an additional 293 shares during the period. Bank Pictet & Cie Europe AG raised its position in shares of CocaCola by 12.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock worth $1,189,000 after purchasing an additional 2,072 shares during the period. Renaissance Technologies LLC raised its position in shares of CocaCola by 59.6% during the 4th quarter. Renaissance Technologies LLC now owns 5,013 shares of the company's stock worth $310,000 after purchasing an additional 1,873 shares during the period. Finally, AdvisorShares Investments LLC acquired a new stake in shares of CocaCola during the 4th quarter worth approximately $417,000. Institutional investors own 70.26% of the company's stock.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola 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 transaction, the insider directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.97% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KO. UBS Group dropped their price target on CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research 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 report on Monday, July 21st. JPMorgan Chase & Co. increased their price target on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. BNP Paribas reiterated an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Finally, Morgan Stanley reiterated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $77.21.

CocaCola Stock Performance

KO traded up $0.65 during trading hours on Friday, hitting $69.01. The company's stock had a trading volume of 14,595,565 shares, compared to its average volume of 12,837,132. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. 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 $297.00 billion, a PE ratio of 24.47, a PEG ratio of 3.56 and a beta of 0.44. The company has a 50-day simple moving average of $69.78 and a 200 day simple moving average of $70.49.

CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating 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 firm had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. During the same period last year, the firm earned $0.84 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, sell-side analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given 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 3.0%. CocaCola's dividend payout ratio (DPR) is 72.34%.

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.