TD Private Client Wealth LLC Cuts Stock Holdings in CocaCola Company (The) $KO

Key Points

• TD Private Client Wealth LLC has reduced its holdings in CocaCola Company by 7.4% during the 2nd quarter, owning 93,331 shares valued at approximately $6.6 million.
• CocaCola's latest earnings report showed an EPS of $0.87, exceeding analysts' expectations of $0.83, with revenues of $12.50 billion.
• The company recently declared a quarterly dividend of $0.51, providing a 3.1% yield for shareholders, with a payout ratio of 72.34%.

TD Private Client Wealth LLC reduced its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,331 shares of the company's stock after selling 7,463 shares during the quarter. TD Private Client Wealth LLC's holdings in CocaCola were worth $6,603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. MorganRosel Wealth Management LLC acquired a new position in CocaCola in the 1st quarter valued at about $25,000. 1248 Management LLC acquired a new position in CocaCola during the 1st quarter valued at about $26,000. Garde Capital Inc. bought a new position in shares of CocaCola in the first quarter valued at $30,000. Mizuho Securities Co. Ltd. grew its holdings in CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC grew its stake in shares of CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after acquiring an additional 285 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Trading Up 0.8%

Shares of NYSE:KO opened at $66.71 on Wednesday. The company has a market capitalization of $287.08 billion, a PE ratio of 23.66, a PEG ratio of 3.45 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The business has a 50 day moving average of $68.81 and a two-hundred day moving average of $70.15. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The firm had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, September 15th. CocaCola's payout ratio is 72.34%.

Insider Transactions at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction 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 owned 209,513 shares in the company, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KO shares. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. UBS Group reduced their price target on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. JPMorgan Chase & Co. lifted their target price 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. Morgan Stanley reissued an "overweight" rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Finally, BNP Paribas reiterated an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. Based on data from MarketBeat, CocaCola has an average rating of "Buy" and an average target price of $76.93.

CocaCola 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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