Level Four Advisory Services LLC Buys 9,607 Shares of CocaCola Company (The) $KO

Key Points

• Level Four Advisory Services LLC increased its stake in CocaCola by 10.5%, purchasing an additional 9,607 shares, resulting in total holdings worth $7.23 million.
• Insider activity includes Nikolaos Koumettis selling 37,396 shares at $69.10, and CEO James Quincey selling 266,403 shares at $72.06, significantly reducing their ownership.
• CocaCola reported Q2 earnings per share of $0.87, surpassing expectations, and announced a quarterly dividend of $0.51 per share, with a dividend yield of 2.9%.

Level Four Advisory Services LLC increased its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 10.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,943 shares of the company's stock after buying an additional 9,607 shares during the period. Level Four Advisory Services LLC's holdings in CocaCola were worth $7,230,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Nuveen LLC bought a new position in shares of CocaCola in the 1st quarter worth approximately $1,508,657,000. Wellington Management Group LLP grew its stake in CocaCola by 52.7% in the first quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock worth $3,398,185,000 after purchasing an additional 16,383,870 shares during the period. Boston Partners bought a new position in CocaCola in the first quarter worth $642,183,000. GAMMA Investing LLC lifted its position in CocaCola by 8,419.4% during the first quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company's stock valued at $426,927,000 after buying an additional 5,891,034 shares during the period. Finally, Northern Trust Corp lifted its position in CocaCola by 9.5% during the fourth quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock valued at $2,727,131,000 after buying an additional 3,811,756 shares during the period. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

KO has been the topic of a number of recent research reports. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. BNP Paribas reissued an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Finally, UBS Group cut their price target on CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. 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. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $77.21.

Insider Buying and Selling

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred 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 completion of the sale, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James Quincey sold 266,403 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the transaction, the chief executive officer owned 275,946 shares in the company, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

CocaCola Stock Performance

Shares of KO opened at $70.1050 on Wednesday. The company has a market cap of $301.71 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 3.60 and a beta of 0.44. The business's fifty day simple moving average is $69.92 and its two-hundred day simple moving average is $70.24. CocaCola Company has a 12 month low of $60.62 and a 12 month 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.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The company's quarterly revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

About CocaCola

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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