CocaCola Company (The) $KO Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. cut its holdings in shares of CocaCola Company (The) (NYSE:KO) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,197 shares of the company’s stock after selling 1,325 shares during the period. CocaCola accounts for approximately 1.5% of Bard Financial Services Inc.’s investment portfolio, making the stock its 11th biggest holding. Bard Financial Services Inc.’s holdings in CocaCola were worth $12,607,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KO. Brighton Jones LLC increased its position in shares of CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after acquiring an additional 293 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of CocaCola by 12.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company’s stock valued at $1,189,000 after acquiring an additional 2,072 shares during the period. Tang Capital Management LLC increased its position in shares of CocaCola by 59.3% in the 4th quarter. Tang Capital Management LLC now owns 19,714 shares of the company’s stock valued at $1,227,000 after acquiring an additional 7,341 shares during the period. Finally, Stonebrook Private Inc. increased its position in shares of CocaCola by 4.4% in the 4th quarter. Stonebrook Private Inc. now owns 12,385 shares of the company’s stock valued at $771,000 after acquiring an additional 519 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Price Performance

Shares of KO opened at $67.00 on Monday. The business’s 50-day moving average is $69.29 and its two-hundred day moving average is $70.37. The company has a market capitalization of $288.35 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.49 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

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

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola’s dividend payout ratio is presently 72.34%.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated 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 sale, the insider directly owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group cut their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Morgan Stanley reissued an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. 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. Finally, BNP Paribas reissued an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to data from MarketBeat.com, CocaCola presently has a consensus rating of “Buy” and a consensus target price of $76.93.

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.