CocaCola Company (The) $KO Position Reduced by Marietta Wealth Management LLC

Marietta Wealth Management LLC decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,442 shares of the company’s stock after selling 234 shares during the period. Marietta Wealth Management LLC’s holdings in CocaCola were worth $385,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KO. Nuveen LLC bought a new stake in CocaCola during the first quarter worth approximately $1,508,657,000. Wellington Management Group LLP increased its holdings in shares of CocaCola by 52.7% in the first quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company’s stock valued at $3,398,185,000 after buying an additional 16,383,870 shares in the last quarter. Boston Partners bought a new position in shares of CocaCola in the first quarter valued at $642,183,000. Raymond James Financial Inc. increased its holdings in shares of CocaCola by 47.4% in the first quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company’s stock valued at $848,315,000 after buying an additional 3,810,752 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of CocaCola by 497.0% in the first quarter. Assenagon Asset Management S.A. now owns 4,489,635 shares of the company’s stock valued at $321,548,000 after buying an additional 3,737,646 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Trading Up 0.8%

CocaCola stock opened at $66.65 on Friday. The company’s fifty day simple moving average is $68.27 and its 200-day simple moving average is $69.94. 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 12 month low of $60.62 and a 12 month high of $74.38. The stock has a market cap of $286.86 billion, a P/E ratio of 23.64, a P/E/G ratio of 3.47 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.55 billion. During the same period in the previous year, the company posted $0.84 EPS. CocaCola’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, sell-side analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business 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. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola’s payout ratio is currently 72.34%.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction 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 directly owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.97% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on KO. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a report on Saturday, September 27th. BNP Paribas reaffirmed an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. JPMorgan Chase & Co. upped their price target on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company lowered their price objective on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.