Louisiana State Employees Retirement System Lowers Stake in CocaCola Company (The) $KO

Louisiana State Employees Retirement System lowered its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 204,400 shares of the company's stock after selling 3,800 shares during the period. Louisiana State Employees Retirement System's holdings in CocaCola were worth $14,461,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new stake in CocaCola during the first quarter worth $25,000. 1248 Management LLC purchased a new stake in shares of CocaCola during the 1st quarter valued at $26,000. Garde Capital Inc. purchased a new stake in shares of CocaCola during the 1st quarter valued at $30,000. Mizuho Securities Co. Ltd. lifted its holdings in shares of CocaCola by 360.0% during 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 during the last quarter. Finally, Ridgewood Investments LLC lifted its holdings in shares of CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Trading Up 1.0%

NYSE KO opened at $66.79 on Wednesday. The company has a market capitalization of $287.43 billion, a PE ratio of 23.68, a P/E/G ratio of 3.44 and a beta of 0.43. The company has a fifty day moving average of $68.18 and a 200 day moving average of $69.91. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98.

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 analysts' consensus estimates of $0.83 by $0.04. The firm had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, September 15th. CocaCola's dividend payout ratio is currently 72.34%.

Insider Activity

In related news, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the sale, the insider directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. UBS Group cut their target price on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Weiss Ratings reissued a "buy (b-)" rating on shares of CocaCola in a research report on Saturday, September 27th. JPMorgan Chase & Co. upped their target price on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company cut their target price on CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $76.93.

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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