American Trust Has $287,000 Stock Holdings in CocaCola Company (The) $KO

American Trust decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 78.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,008 shares of the company’s stock after selling 14,253 shares during the period. American Trust’s holdings in CocaCola were worth $287,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. MorganRosel Wealth Management LLC acquired a new stake in CocaCola in the 1st quarter worth about $25,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the first quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. boosted its stake in shares of CocaCola by 360.0% in the first 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 boosted its stake in shares of CocaCola by 148.4% in the first 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, Moser Wealth Advisors LLC increased its stake in CocaCola by 449.5% during the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company’s stock worth $36,000 after acquiring an additional 409 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction on 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 in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. UBS Group dropped their price target on CocaCola from $86.00 to $84.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, BNP Paribas reaffirmed an “outperform” rating and set a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $77.21.

CocaCola Trading Down 0.8%

KO opened at $67.43 on Tuesday. The company has a market cap of $290.18 billion, a P/E ratio of 23.91, a PEG ratio of 3.54 and a beta of 0.43. 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 company’s 50 day moving average is $69.59 and its 200-day moving average is $70.46. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

CocaCola (NYSE:KO) last released 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. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $12.50 billion during the quarter, compared to analysts’ expectations of $12.55 billion. During the same period in the prior year, the company earned $0.84 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. CocaCola’s dividend payout ratio (DPR) is 72.34%.

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.