Checchi Capital Advisers LLC Trims Stock Holdings in CocaCola Company (The) $KO

Checchi Capital Advisers LLC decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,439 shares of the company’s stock after selling 764 shares during the period. Checchi Capital Advisers LLC’s holdings in CocaCola were worth $3,710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KO. MorganRosel Wealth Management LLC purchased a new stake in CocaCola in the 1st quarter worth $25,000. 1248 Management LLC purchased a new stake in shares of CocaCola during the first quarter worth about $26,000. Garde Capital Inc. purchased a new stake in shares of CocaCola during the first quarter worth about $30,000. Mizuho Securities Co. Ltd. grew its holdings in 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 in the last quarter. Finally, Ridgewood Investments LLC grew its holdings in 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 in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction on 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 sale, the insider owned 209,513 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KO. UBS Group cut their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research report on Saturday, September 27th. BNP Paribas restated an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Morgan Stanley restated an “overweight” rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. One research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to data from MarketBeat.com, CocaCola presently has an average rating of “Buy” and a consensus price target of $76.93.

CocaCola Price Performance

NYSE KO opened at $66.65 on Friday. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The stock’s 50-day moving average is $68.27 and its two-hundred day moving average is $69.94. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The firm has a market cap of $286.86 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43.

CocaCola (NYSE:KO) last announced its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. CocaCola’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given 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 yield of 3.1%. CocaCola’s dividend payout ratio is 72.34%.

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.