RB Capital Management LLC Sells 2,583 Shares of CocaCola Company (The) $KO

RB Capital Management LLC lessened its holdings in CocaCola Company (The) (NYSE:KO) by 6.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,535 shares of the company’s stock after selling 2,583 shares during the period. RB Capital Management LLC’s holdings in CocaCola were worth $2,545,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sage Financial Management Group Inc. purchased a new stake in shares of CocaCola in the 1st quarter worth $216,000. Voleon Capital Management LP bought a new position in shares of CocaCola during the fourth quarter worth $2,513,000. Cornerstone Wealth Management LLC grew its position in shares of CocaCola by 3.3% during the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company’s stock valued at $8,686,000 after purchasing an additional 3,920 shares in the last quarter. Clark Capital Management Group Inc. grew its holdings in CocaCola by 31.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company’s stock valued at $52,851,000 after buying an additional 204,681 shares in the last quarter. Finally, Fosun International Ltd bought a new stake in CocaCola in the first quarter worth $216,000. 70.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CocaCola news, CEO James Quincey sold 266,403 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the sale, the chief executive officer owned 275,946 shares of the company’s stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $2,584,063.60. Following the completion of 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 disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of CocaCola from $86.00 to $84.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. BNP Paribas restated an “outperform” rating and set a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. JPMorgan Chase & Co. upped their target price on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report 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 report on Monday, July 21st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and a consensus target price of $77.21.

CocaCola Stock Down 0.2%

Shares of NYSE KO opened at $68.81 on Wednesday. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock has a market cap of $296.12 billion, a PE ratio of 24.40, a P/E/G ratio of 3.59 and a beta of 0.44. The company has a 50-day moving average of $69.80 and a 200 day moving average of $70.47.

CocaCola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share 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 analyst estimates of $12.55 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The firm’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, sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola’s payout ratio is presently 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.