Franklin Street Advisors Inc. NC Sells 3,128 Shares of CocaCola Company (The) $KO

Franklin Street Advisors Inc. NC lowered its stake in shares of CocaCola Company (The) (NYSE:KO) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,978 shares of the company’s stock after selling 3,128 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in CocaCola were worth $5,729,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in CocaCola by 7.3% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 53,683 shares of the company’s stock valued at $3,798,000 after purchasing an additional 3,630 shares during the period. Greenwood Capital Associates LLC grew its stake in CocaCola by 0.4% in the 2nd quarter. Greenwood Capital Associates LLC now owns 79,167 shares of the company’s stock valued at $5,601,000 after purchasing an additional 304 shares during the period. 1900 Wealth Management LLC grew its stake in CocaCola by 3.4% in the 2nd quarter. 1900 Wealth Management LLC now owns 6,115 shares of the company’s stock valued at $433,000 after purchasing an additional 202 shares during the period. Abacus Planning Group Inc. grew its stake in CocaCola by 0.9% in the 2nd quarter. Abacus Planning Group Inc. now owns 30,929 shares of the company’s stock valued at $2,188,000 after purchasing an additional 269 shares during the period. Finally, Trinity Legacy Partners LLC grew its stake in CocaCola by 3.0% in the 2nd quarter. Trinity Legacy Partners LLC now owns 73,227 shares of the company’s stock valued at $5,072,000 after purchasing an additional 2,148 shares during the period. Institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BNP Paribas restated an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research note 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 note on Monday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research note on Saturday, September 27th. Wells Fargo & Company cut their price target on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. One analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $76.93.

CocaCola Stock Performance

Shares of KO opened at $66.65 on Friday. The stock’s 50-day simple moving average is $68.27 and its 200 day simple moving average is $69.94. The stock has a market capitalization of $286.86 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 3.45 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 52-week low of $60.62 and a 52-week high of $74.38.

CocaCola (NYSE:KO) last issued its quarterly earnings data 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 analysts’ expectations of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Research analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend 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%.

Insider Transactions at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the 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 sale, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.97% of the company’s stock.

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.