CocaCola Company (The) $KO Shares Purchased by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC raised its holdings in CocaCola Company (The) (NYSE:KO) by 16.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 188,050 shares of the company’s stock after acquiring an additional 26,430 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in CocaCola were worth $13,305,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in KO. Sage Financial Management Group Inc. purchased a new stake in shares of CocaCola during the 1st quarter worth approximately $216,000. Perigon Wealth Management LLC raised its holdings in CocaCola by 3.6% during the second quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company’s stock worth $9,209,000 after purchasing an additional 4,469 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in CocaCola by 6.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company’s stock worth $2,212,300,000 after purchasing an additional 1,794,561 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in CocaCola by 3.3% in the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company’s stock valued at $8,686,000 after purchasing an additional 3,920 shares during the last quarter. Finally, Banque Pictet & Cie SA increased its position in shares of CocaCola by 72.6% in the second quarter. Banque Pictet & Cie SA now owns 204,392 shares of the company’s stock valued at $14,461,000 after buying an additional 85,950 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Stock Down 0.5%

Shares of NYSE KO opened at $65.64 on Monday. The firm has a market cap of $282.49 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 3.42 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 1 year low of $60.62 and a 1 year high of $74.38. The firm’s 50 day moving average price is $68.58 and its 200 day moving average price is $70.06.

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

CocaCola Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. CocaCola’s dividend payout ratio is currently 72.34%.

Analyst Ratings Changes

A number of equities research analysts recently commented on KO shares. Wells Fargo & Company lowered their price objective on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. increased their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report 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 report on Monday, July 21st. BNP Paribas reiterated an “outperform” rating and set a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. One research analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $76.93.

Insider Buying and Selling at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.

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.