Strategic Financial Services Inc. Decreases Stock Holdings in CocaCola Company (The) $KO

Strategic Financial Services Inc. decreased its stake in shares of CocaCola Company (The) (NYSE:KO) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,512 shares of the company’s stock after selling 337 shares during the period. Strategic Financial Services Inc.’s holdings in CocaCola were worth $466,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola during the 1st quarter valued at $25,000. Garde Capital Inc. bought a new position in shares of CocaCola during the 1st quarter valued at $30,000. Mizuho Securities Co. Ltd. lifted its holdings in shares of 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 during the period. Ridgewood Investments LLC lifted its holdings in shares of 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 during the period. Finally, REAP Financial Group LLC lifted its holdings in shares of CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other CocaCola 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 value of $2,584,063.60. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.97% of the company’s stock.

CocaCola Price Performance

Shares of CocaCola stock opened at $67.83 on Thursday. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The stock’s fifty day moving average is $69.45 and its 200 day moving average is $70.42. The stock has a market cap of $291.90 billion, a P/E ratio of 24.05, a P/E/G ratio of 3.53 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 (NYSE:KO) last issued its quarterly 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. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same quarter in the prior year, the business posted $0.84 EPS. CocaCola’s revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Sell-side analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, September 15th. CocaCola’s dividend payout ratio is presently 72.34%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KO. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. BNP Paribas reissued an “outperform” rating and set a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. JPMorgan Chase & Co. increased 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. Morgan Stanley reissued an “overweight” rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Finally, UBS Group decreased their target price on CocaCola from $86.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $77.21.

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.