D.B. Root & Company LLC Decreases Position in CocaCola Company (The) $KO

D.B. Root & Company LLC trimmed its position in shares of CocaCola Company (The) (NYSE:KO) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,758 shares of the company’s stock after selling 1,023 shares during the quarter. D.B. Root & Company LLC’s holdings in CocaCola were worth $1,487,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new stake in shares of CocaCola in the first quarter valued at $25,000. Garde Capital Inc. acquired a new stake in CocaCola during the first quarter worth about $30,000. Mizuho Securities Co. Ltd. increased its stake in CocaCola by 360.0% during the first 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. Ridgewood Investments LLC increased its stake in CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after acquiring an additional 285 shares during the last quarter. Finally, REAP Financial Group LLC increased its stake in CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CocaCola

In other news, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction on Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the transaction, the chief executive officer directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the transaction, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.97% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KO. BNP Paribas restated an “outperform” rating and set a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. JPMorgan Chase & Co. increased their target price on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an “outperform” rating in a research note on Monday, July 21st. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Finally, UBS Group lowered their target price on CocaCola from $86.00 to $84.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, CocaCola presently has an average rating of “Buy” and an average target price of $77.21.

CocaCola Trading Down 0.1%

Shares of KO opened at $70.6030 on Friday. The company has a market capitalization of $303.85 billion, a P/E ratio of 25.04, a P/E/G ratio of 3.68 and a beta of 0.44. 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 $69.86 and a 200 day moving average price of $70.29.

CocaCola (NYSE:KO) last released 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 return on equity of 44.91% and a net margin of 25.89%.The company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. During the same quarter last year, the business posted $0.84 EPS. 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. Sell-side analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal 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 issued a $0.51 dividend. 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 dividend payout ratio (DPR) is 72.34%.

About CocaCola

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.