Ascent Group LLC Reduces Stock Position in CocaCola Company (The) $KO

Ascent Group LLC lowered its holdings in shares of CocaCola Company (The) (NYSE:KO) by 8.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,104 shares of the company’s stock after selling 7,357 shares during the quarter. Ascent Group LLC’s holdings in CocaCola were worth $5,314,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of KO. Brighton Jones LLC lifted its holdings in shares of CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after buying an additional 4,591 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after buying an additional 293 shares during the period. Fermata Advisors LLC purchased a new stake in shares of CocaCola in the 1st quarter worth $459,000. Retirement Planning Group LLC lifted its holdings in shares of CocaCola by 3.0% in the 1st quarter. Retirement Planning Group LLC now owns 12,393 shares of the company’s stock worth $888,000 after buying an additional 359 shares during the period. Finally, Breakwater Capital Group lifted its stake in shares of CocaCola by 4.6% during the 1st quarter. Breakwater Capital Group now owns 7,989 shares of the company’s stock worth $572,000 after purchasing an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Trading Up 0.8%

CocaCola stock opened at $66.65 on Friday. The stock has a 50-day moving average of $68.27 and a two-hundred day moving average of $69.94. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The stock has a market cap of $286.86 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43.

CocaCola (NYSE:KO) last released 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 company had revenue of $12.50 billion during the quarter, compared to analysts’ expectations of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders 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 dividend yield of 3.1%. CocaCola’s dividend payout ratio is currently 72.34%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KO. BNP Paribas restated an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. 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. JPMorgan Chase & Co. upped 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. UBS Group decreased their price objective on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Finally, Morgan Stanley restated an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat.com, CocaCola has an average rating of “Buy” and a consensus target price of $76.93.

Insider Buying and Selling at CocaCola

In other 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 transaction, the insider directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.97% of the company’s stock.

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.