Livforsakringsbolaget Skandia Omsesidigt Decreases Stock Holdings in CocaCola Company (The) $KO

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has significantly reduced its stake in CocaCola Company, selling 71,810 shares and lowering its holdings by 70.6% during the second quarter.
• CocaCola reported $0.87 EPS for the last quarter, surpassing the expected $0.83 EPS, with a revenue of $12.50 billion.
• The company's dividend yield is currently 3.1%, with a quarterly dividend of $0.51 set to be paid on October 1st.

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in CocaCola Company (The) (NYSE:KO - Free Report) by 70.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,907 shares of the company's stock after selling 71,810 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in CocaCola were worth $2,120,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. New Republic Capital LLC boosted its holdings in CocaCola by 1.6% in the first quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock valued at $625,000 after acquiring an additional 139 shares in the last quarter. Alteri Wealth LLC boosted its holdings in CocaCola by 2.1% in the first quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock valued at $492,000 after acquiring an additional 140 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in CocaCola by 0.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after acquiring an additional 143 shares in the last quarter. MBA Advisors LLC boosted its holdings in CocaCola by 1.2% in the first quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock valued at $891,000 after acquiring an additional 143 shares in the last quarter. Finally, BXM Wealth LLC boosted its holdings in CocaCola by 4.3% in the first quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock valued at $253,000 after acquiring an additional 144 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Price Performance

NYSE KO opened at $66.27 on Wednesday. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The firm has a market capitalization of $285.20 billion, a P/E ratio of 23.50, a PEG ratio of 3.45 and a beta of 0.43. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The company has a 50-day moving average price of $69.12 and a 200-day moving average price of $70.30.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly 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. The firm had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company 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 $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 dividend payout ratio is currently 72.34%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KO. UBS Group dropped their target price 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. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. JPMorgan Chase & Co. boosted their target price on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Finally, BNP Paribas reiterated an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. According to MarketBeat.com, CocaCola presently has an average rating of "Buy" and a consensus price target of $76.93.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.90% of the stock is owned by insiders.

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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