Colony Family Offices LLC Lowers Stock Position in CocaCola Company (The) $KO

Colony Family Offices LLC cut its position in shares of CocaCola Company (The) (NYSE:KO) by 19.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,184 shares of the company’s stock after selling 1,035 shares during the quarter. Colony Family Offices LLC’s holdings in CocaCola were worth $298,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KO. Brighton Jones LLC lifted its holdings in CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after purchasing an additional 293 shares in the last quarter. NewSquare Capital LLC lifted its holdings in CocaCola by 594.3% during the first quarter. NewSquare Capital LLC now owns 1,208 shares of the company’s stock valued at $87,000 after purchasing an additional 1,034 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in CocaCola by 37.5% during the first quarter. Farther Finance Advisors LLC now owns 54,967 shares of the company’s stock valued at $3,950,000 after purchasing an additional 14,980 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in CocaCola by 12.7% during the first quarter. Harbor Capital Advisors Inc. now owns 62,272 shares of the company’s stock valued at $4,460,000 after purchasing an additional 7,029 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Price Performance

Shares of KO stock opened at $66.79 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The firm’s 50-day moving average is $68.18 and its two-hundred day moving average is $69.91. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company has a market capitalization of $287.43 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 3.44 and a beta of 0.43.

CocaCola (NYSE:KO) 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. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. CocaCola’s quarterly revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a dividend of $0.51 per share. 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 payout ratio is 72.34%.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KO. UBS Group decreased their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Wells Fargo & Company decreased their price target on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. 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 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 note on Monday, July 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target 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.