Lederer & Associates Investment Counsel CA Decreases Stake in CocaCola Company (The) $KO

Key Points

• Lederer & Associates Investment Counsel CA reduced its holdings in Coca-Cola by 50% during Q2, owning 10,317 shares worth $730,000 after selling 10,318 shares.
• Coca-Cola reported $0.87 earnings per share for the last quarter, exceeding estimates of $0.83, with a revenue of $12.50 billion.
• The company announced a quarterly dividend of $0.51 per share, with an annualized dividend yield of 3.1%, payable on October 1st.

Lederer & Associates Investment Counsel CA lowered its position in CocaCola Company (The) (NYSE:KO - Free Report) by 50.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,317 shares of the company's stock after selling 10,318 shares during the quarter. Lederer & Associates Investment Counsel CA's holdings in CocaCola were worth $730,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Sage Financial Management Group Inc. purchased a new position in CocaCola in the first quarter worth approximately $216,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in 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 worth $2,212,300,000 after acquiring an additional 1,794,561 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in CocaCola by 3.3% during the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock worth $8,686,000 after purchasing an additional 3,920 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in CocaCola by 0.5% during the first quarter. IFM Investors Pty Ltd now owns 762,841 shares of the company's stock worth $54,635,000 after purchasing an additional 3,837 shares in the last quarter. Finally, Advisors Capital Management LLC raised its holdings in CocaCola by 37.7% during the first quarter. Advisors Capital Management LLC now owns 471,034 shares of the company's stock worth $33,735,000 after purchasing an additional 128,852 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Stock Performance

Shares of CocaCola stock traded down $0.16 during trading on Monday, reaching $66.27. The company's stock had a trading volume of 13,283,842 shares, compared to its average volume of 17,977,178. 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 cap of $285.20 billion, a PE ratio of 23.50, a P/E/G ratio of 3.46 and a beta of 0.43. The company has a 50-day moving average price of $68.87 and a two-hundred day moving average price of $70.18. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. CocaCola's revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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 paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's payout ratio is currently 72.34%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Morgan Stanley reissued an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. UBS Group cut their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. BNP Paribas reissued an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report 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. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $76.93.

Insider Transactions at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were 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 approximately $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.90% 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.