NBC Securities Inc. Has $2.61 Million Stock Position in CocaCola Company (The) $KO

Key Points

• NBC Securities Inc. has reduced its stake in CocaCola by 25% in the second quarter, now holding 36,829 shares worth approximately $2.6 million after selling 12,303 shares.
• CocaCola's quarterly earnings report showed earnings per share of $0.87, surpassing estimates, and the company recently announced a quarterly dividend of $0.51 per share.
• Several analysts have adjusted their target prices for CocaCola stock, with UBS Group lowering its target to $80, while others maintain a "buy" rating and set targets as high as $83.

NBC Securities Inc. lessened its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 25.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,829 shares of the company's stock after selling 12,303 shares during the period. NBC Securities Inc.'s holdings in CocaCola were worth $2,605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sage Financial Management Group Inc. purchased a new stake in shares of CocaCola during the first quarter worth $216,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of CocaCola by 6.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company's stock worth $2,212,300,000 after acquiring an additional 1,794,561 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in CocaCola by 3.3% during the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock valued at $8,686,000 after buying an additional 3,920 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in CocaCola by 0.5% during the first quarter. IFM Investors Pty Ltd now owns 762,841 shares of the company's stock valued at $54,635,000 after buying an additional 3,837 shares in the last quarter. Finally, Advisors Capital Management LLC raised its holdings in CocaCola by 37.7% during the first quarter. Advisors Capital Management LLC now owns 471,034 shares of the company's stock valued at $33,735,000 after buying an additional 128,852 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Stock Performance

KO stock traded down $0.28 during trading on Friday, reaching $66.18. 7,561,754 shares of the stock were exchanged, compared to its average volume of 16,879,600. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a market capitalization of $284.81 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 3.49 and a beta of 0.43. The stock has a 50 day simple moving average of $69.00 and a 200-day simple moving average of $70.24. 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 released its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping 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 business had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. During the same period last year, the business earned $0.84 earnings per share. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, sell-side analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's payout ratio is presently 72.34%.

Analyst Ratings Changes

Several equities analysts have weighed in on KO shares. Morgan Stanley restated an "overweight" rating and set a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. BNP Paribas restated an "outperform" rating and set a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. UBS Group dropped their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. lifted their price objective on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $76.93.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 of the company's stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.97% of the company's stock.

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.