CocaCola Company (The) $KO Holdings Trimmed by Founders Capital Management

Founders Capital Management trimmed its position in shares of CocaCola Company (The) (NYSE:KO) by 19.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 8,763 shares of the company’s stock after selling 2,071 shares during the quarter. Founders Capital Management’s holdings in CocaCola were worth $620,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. MorganRosel Wealth Management LLC purchased a new position in CocaCola during the 1st quarter worth approximately $25,000. 1248 Management LLC acquired a new stake in shares of CocaCola during the 1st quarter valued at $26,000. Garde Capital Inc. acquired a new stake in shares of CocaCola during the 1st quarter valued at $30,000. Mizuho Securities Co. Ltd. boosted its stake in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after buying an additional 360 shares during the period. Finally, Ridgewood Investments LLC boosted its stake in shares of CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after buying an additional 285 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KO has been the subject of a number of research reports. BNP Paribas reissued an “outperform” rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. Morgan Stanley reissued an “overweight” rating and set a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Wells Fargo & Company reduced their price objective on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. UBS Group reduced their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $76.93.

Insider Transactions at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was 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 in the company, 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 legal filing with the SEC, which is available at this link. 0.90% of the stock is owned by corporate insiders.

CocaCola Stock Up 0.5%

CocaCola stock opened at $66.34 on Wednesday. The firm has a market cap of $285.51 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 3.44 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The firm has a fifty day moving average price of $68.43 and a two-hundred day moving average price of $70.01.

CocaCola (NYSE:KO) last released its earnings results 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 net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The business’s revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

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