Defined Financial Planning LLC Decreases Stake in CocaCola Company (The) $KO

Defined Financial Planning LLC lessened its holdings in shares of CocaCola Company (The) (NYSE:KO) by 34.1% during the second quarter, HoldingsChannel reports. The fund owned 4,344 shares of the company’s stock after selling 2,248 shares during the period. Defined Financial Planning LLC’s holdings in CocaCola were worth $301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Seamount Financial Group Inc. boosted its position in shares of CocaCola by 27.0% during the 2nd quarter. Seamount Financial Group Inc. now owns 15,543 shares of the company’s stock worth $1,100,000 after purchasing an additional 3,300 shares in the last quarter. SteelPeak Wealth LLC lifted its stake in shares of CocaCola by 60.3% in the second quarter. SteelPeak Wealth LLC now owns 154,895 shares of the company’s stock valued at $11,036,000 after purchasing an additional 58,253 shares during the period. Heck Capital Advisors LLC lifted its stake in shares of CocaCola by 7.2% in the second quarter. Heck Capital Advisors LLC now owns 3,497 shares of the company’s stock valued at $248,000 after purchasing an additional 235 shares during the period. Motiv8 Investments LLC boosted its holdings in CocaCola by 8.0% during the second quarter. Motiv8 Investments LLC now owns 22,867 shares of the company’s stock worth $1,618,000 after buying an additional 1,686 shares in the last quarter. Finally, KPP Advisory Services LLC grew its position in CocaCola by 8.3% during the second quarter. KPP Advisory Services LLC now owns 12,835 shares of the company’s stock worth $908,000 after buying an additional 982 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Performance

NYSE KO opened at $66.09 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The business has a fifty day moving average of $68.23 and a 200-day moving average of $69.93. The stock has a market cap of $284.43 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating 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 business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. During the same quarter last year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were issued a dividend of $0.51 per share. The ex-dividend date was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. CocaCola’s payout ratio is 72.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KO shares. JPMorgan Chase & Co. lifted their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company decreased their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. BNP Paribas restated an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $76.93.

Insider Buying and Selling at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction that occurred 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 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 filing with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.

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.