Naples Global Advisors LLC Cuts Stake in The Coca-Cola Company (NYSE:KO)

06 Jun 2025, 16:34 by Sarita Garza · The Markets Daily

Naples Global Advisors LLC reduced its stake in The Coca-Cola Company (NYSE:KO – Free Report) by 3.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 26,174 shares of the company’s stock after selling 877 shares during the quarter. Naples Global Advisors LLC’s holdings in Coca-Cola were worth $1,887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KO. Peachtree Investment Partners LLC raised its stake in shares of Coca-Cola by 1.4% in the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company’s stock valued at $697,000 after acquiring an additional 157 shares during the period. Fort Sheridan Advisors LLC grew its position in Coca-Cola by 3.3% in the 4th quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company’s stock valued at $311,000 after acquiring an additional 161 shares during the last quarter. Excalibur Management Corp grew its position in Coca-Cola by 0.6% in the 4th quarter. Excalibur Management Corp now owns 29,412 shares of the company’s stock valued at $1,831,000 after acquiring an additional 161 shares during the last quarter. Tradition Wealth Management LLC grew its position in Coca-Cola by 3.0% in the 4th quarter. Tradition Wealth Management LLC now owns 5,737 shares of the company’s stock valued at $357,000 after acquiring an additional 167 shares during the last quarter. Finally, Aviance Capital Partners LLC grew its position in Coca-Cola by 0.7% in the 4th quarter. Aviance Capital Partners LLC now owns 23,988 shares of the company’s stock valued at $1,493,000 after acquiring an additional 171 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 266,403 shares of the firm’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the transaction, the chief executive officer now directly owns 275,946 shares in the company, valued at $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John Murphy sold 88,658 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the transaction, the chief financial officer now owns 205,511 shares of the company’s stock, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 440,664 shares of company stock worth $31,730,532. 0.97% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Cfra Research raised Coca-Cola to a “strong-buy” rating in a research report on Tuesday, April 15th. Piper Sandler increased their price target on Coca-Cola from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Wells Fargo & Company increased their price target on Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Royal Bank of Canada increased their price target on Coca-Cola from $73.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley increased their price target on Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola presently has an average rating of “Buy” and an average target price of $75.81.

View Our Latest Research Report on Coca-Cola

Coca-Cola Trading Down 0.7%

Coca-Cola stock opened at $70.89 on Friday. The stock has a 50-day moving average of $71.40 and a two-hundred day moving average of $67.51. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The Coca-Cola Company has a one year low of $60.62 and a one year high of $74.38. The stock has a market cap of $305.11 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 3.79 and a beta of 0.46.

Coca-Cola (NYSE:KO – Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The company had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same period last year, the business posted $0.72 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. On average, research analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola’s dividend payout ratio (DPR) is presently 81.60%.

Coca-Cola Company Profile

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