Trilogy Capital Inc. Lowers Stock Holdings in CocaCola Company (The) $KO

Key Points

• Trilogy Capital Inc. has reduced its holdings in CocaCola by 80.1%, now owning 11,204 shares valued at approximately $793,000.
• Several hedge funds, including Mizuho Securities and Ridgewood Investments, have increased their stakes in CocaCola, reflecting a mixed sentiment among institutional investors.
• CocaCola recently declared a $0.51 quarterly dividend, contributing to an annualized yield of 3.1% and a payout ratio of 72.34%.

Trilogy Capital Inc. lowered its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 80.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,204 shares of the company's stock after selling 45,090 shares during the period. Trilogy Capital Inc.'s holdings in CocaCola were worth $793,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the transaction, 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 SEC, which is accessible through this link. Corporate insiders own 0.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KO. UBS Group lowered their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company decreased their target price on CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $76.93.

CocaCola Trading Up 0.6%

Shares of KO opened at $66.75 on Thursday. The company has a market capitalization of $287.25 billion, a P/E ratio of 23.67, a P/E/G ratio of 3.46 and a beta of 0.43. CocaCola Company has a one year low of $60.62 and a one year 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 stock has a 50-day moving average price of $68.38 and a 200 day moving average price of $69.99.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating 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 return on equity of 44.91% and a net margin of 25.89%.CocaCola's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Sell-side analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. CocaCola's dividend payout ratio is currently 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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