MAI Capital Management Has $30.95 Million Stake in CocaCola Company (The) $KO

Key Points

• MAI Capital Management reduced its stake in CocaCola Company by 1.6%, now holding 432,124 shares worth approximately $30.95 million.
• CocaCola's recent earnings report revealed an EPS of $0.87, exceeding the consensus estimate of $0.83, and marked a 2.5% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.51 to be paid on October 1st, representing an annual yield of 3.0% with a payout ratio of 72.34%.

MAI Capital Management trimmed its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 432,124 shares of the company's stock after selling 7,192 shares during the period. MAI Capital Management's holdings in CocaCola were worth $30,949,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Calton & Associates Inc. acquired a new position in shares of CocaCola during the first quarter worth approximately $561,000. Saudi Central Bank bought a new stake in shares of CocaCola during the first quarter worth approximately $115,000. Second Line Capital LLC raised its stake in shares of CocaCola by 9.9% during the first quarter. Second Line Capital LLC now owns 9,376 shares of the company's stock worth $676,000 after buying an additional 846 shares during the last quarter. Texas Bank & Trust Co raised its stake in shares of CocaCola by 6.5% during the first quarter. Texas Bank & Trust Co now owns 41,760 shares of the company's stock worth $2,991,000 after buying an additional 2,533 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in shares of CocaCola by 5.1% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 16,956 shares of the company's stock worth $1,214,000 after buying an additional 830 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KO shares. Morgan Stanley reissued an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. UBS Group dropped their price target on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. BNP Paribas reissued an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, CocaCola currently has a consensus rating of "Buy" and a consensus target price of $77.21.

Insider Buying and Selling

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 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 owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.97% of the company's stock.

CocaCola Stock Up 1.0%

Shares of NYSE:KO opened at $69.01 on Friday. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The company has a market capitalization of $297.00 billion, a PE ratio of 24.47, a PEG ratio of 3.59 and a beta of 0.44. The company has a 50 day moving average price of $69.78 and a two-hundred day moving average price of $70.51.

CocaCola (NYSE:KO - Get Free Report) last issued 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 net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The business'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. Analysts forecast 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. 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 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio is presently 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.

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