Mosaic Financial Group LLC Trims Stock Holdings in CocaCola Company (The) $KO

Key Points

• Mosaic Financial Group LLC significantly reduced its stake in CocaCola by 50%, holding only 4,200 shares valued at $301,000 after the sale.
• The company recently announced a quarterly dividend of $0.51 per share, reflecting a 2.9% yield with a payout ratio of 72.34%.
• CocaCola's earnings per share for the last quarter were reported at $0.87, exceeding analysts' expectations, with a revenue of $12.50 billion.

Mosaic Financial Group LLC lessened its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 50.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,200 shares of the company's stock after selling 4,200 shares during the period. Mosaic Financial Group LLC's holdings in CocaCola were worth $301,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sage Financial Management Group Inc. acquired a new stake in shares of CocaCola in the 1st quarter worth about $216,000. Voleon Capital Management LP acquired a new stake in shares of CocaCola in the 4th quarter worth about $2,513,000. Cornerstone Wealth Management LLC raised its holdings in shares of CocaCola by 3.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock worth $8,686,000 after acquiring an additional 3,920 shares during the last quarter. Clark Capital Management Group Inc. raised its holdings in shares of CocaCola by 31.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company's stock worth $52,851,000 after acquiring an additional 204,681 shares during the last quarter. Finally, Fosun International Ltd acquired a new stake in shares of CocaCola in the 1st quarter worth about $216,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling

In other news, insider Nikolaos Koumettis sold 37,396 shares of the 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 completion of the transaction, the insider directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 directly owned 275,946 shares of the company's stock, valued at $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.97% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KO has been the topic of a number of analyst reports. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. JPMorgan Chase & Co. upped their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. BNP Paribas reiterated an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Finally, UBS Group decreased their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $77.21.

CocaCola Stock Down 0.8%

NYSE:KO traded down $0.5760 on Friday, hitting $70.0840. The stock had a trading volume of 12,992,186 shares, compared to its average volume of 12,724,011. 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 stock has a market cap of $301.62 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 3.65 and a beta of 0.44. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The firm's fifty day simple moving average is $69.85 and its two-hundred day simple moving average is $70.40.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $12.55 billion. During the same quarter last year, the business posted $0.84 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given 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 is currently 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.