PFG Investments LLC Decreases Position in CocaCola Company (The) $KO

PFG Investments LLC cut its holdings in CocaCola Company (The) (NYSE:KO) by 3.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,963 shares of the company’s stock after selling 2,540 shares during the quarter. PFG Investments LLC’s holdings in CocaCola were worth $5,374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Consolidated Portfolio Review Corp raised its position in shares of CocaCola by 30.3% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 7,138 shares of the company’s stock valued at $505,000 after purchasing an additional 1,658 shares during the last quarter. LBP AM SA raised its position in shares of CocaCola by 3.8% in the 2nd quarter. LBP AM SA now owns 113,132 shares of the company’s stock valued at $8,004,000 after purchasing an additional 4,169 shares during the last quarter. Requisite Capital Management LLC raised its position in shares of CocaCola by 2.8% in the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock valued at $377,000 after purchasing an additional 142 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. raised its holdings in shares of CocaCola by 3.2% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 64,628 shares of the company’s stock worth $4,572,000 after buying an additional 2,018 shares during the last quarter. Finally, Westhampton Capital LLC raised its holdings in shares of CocaCola by 14.3% in the second quarter. Westhampton Capital LLC now owns 25,638 shares of the company’s stock worth $1,814,000 after buying an additional 3,200 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Stock Up 0.5%

Shares of KO stock opened at $66.34 on Wednesday. The stock has a 50 day moving average of $68.43 and a 200 day moving average of $70.01. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock has a market cap of $285.51 billion, a P/E ratio of 23.52, a P/E/G ratio of 3.44 and a beta of 0.43. CocaCola Company has a twelve month low of $60.62 and a twelve month 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, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion during 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%.CocaCola’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, sell-side analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

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 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 of this dividend is Monday, September 15th. CocaCola’s payout ratio is 72.34%.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KO shares. UBS Group decreased their price target 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. Morgan Stanley restated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. JPMorgan Chase & Co. raised their price objective on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, 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. One research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and a consensus target price of $76.93.

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.