RWA Wealth Partners LLC Has $7.73 Million Holdings in CocaCola Company (The) $KO

Key Points

• RWA Wealth Partners LLC has reduced its stake in CocaCola Company by 6.5%, selling 7,499 shares and holding 107,916 shares valued at approximately $7.73 million.
• CocaCola's CEO, James Quincey, sold 266,403 shares for about $19.2 million, marking a 49.12% decrease in his position.
• The company announced a quarterly dividend of $0.51 per share, providing a 3.0% yield for shareholders, with payments scheduled for October 1st.

RWA Wealth Partners LLC decreased its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 6.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 107,916 shares of the company's stock after selling 7,499 shares during the period. RWA Wealth Partners LLC's holdings in CocaCola were worth $7,729,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Sage Financial Management Group Inc. purchased a new stake in shares of CocaCola during the first quarter valued at approximately $216,000. Voleon Capital Management LP purchased a new stake in shares of CocaCola during the fourth quarter valued at approximately $2,513,000. Cornerstone Wealth Management LLC raised its stake in shares of 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 purchasing an additional 3,920 shares during the period. Clark Capital Management Group Inc. raised its stake in shares of CocaCola by 31.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company's stock valued at $52,851,000 after purchasing an additional 204,681 shares during the period. Finally, Investors Research Corp raised its stake in shares of CocaCola by 21.5% during the first quarter. Investors Research Corp now owns 10,419 shares of the company's stock valued at $746,000 after purchasing an additional 1,846 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Stock Performance

CocaCola stock traded up $0.5090 during mid-day trading on Wednesday, reaching $70.6390. The company's stock had a trading volume of 17,527,593 shares, compared to its average volume of 13,082,515. The firm has a market cap of $304.01 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.65 and a beta of 0.44. The business has a 50 day moving average price of $69.92 and a 200-day moving average price 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 Company has a twelve month low of $60.62 and a twelve month high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the company posted $0.84 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. CocaCola's payout ratio is 72.34%.

Insider Buying and Selling at CocaCola

In other news, CEO James Quincey sold 266,403 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer owned 275,946 shares of the company's stock, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction dated 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 completion of the sale, the insider directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of analyst reports. UBS Group dropped their price objective on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. JPMorgan Chase & Co. raised their price target 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. Finally, BNP Paribas reissued an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, CocaCola currently has a consensus rating of "Buy" and a consensus target price of $77.21.

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.