CocaCola Company (The) $KO Shares Acquired by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A lifted its stake in shares of CocaCola Company (The) (NYSE:KO) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,767 shares of the company’s stock after purchasing an additional 200 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in CocaCola were worth $2,177,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Consolidated Portfolio Review Corp grew its stake in shares of CocaCola by 30.3% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 7,138 shares of the company’s stock worth $505,000 after purchasing an additional 1,658 shares during the period. LBP AM SA grew its stake in shares of CocaCola by 3.8% during the 2nd quarter. LBP AM SA now owns 113,132 shares of the company’s stock worth $8,004,000 after purchasing an additional 4,169 shares during the period. Requisite Capital Management LLC boosted 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 worth $377,000 after buying an additional 142 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. boosted its position in shares of CocaCola by 3.2% in the 2nd 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 in the last quarter. Finally, Westhampton Capital LLC boosted its position in shares of CocaCola by 14.3% in the 2nd 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 in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.

CocaCola Price Performance

NYSE:KO opened at $66.34 on Wednesday. The firm has a market cap of $285.51 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 3.44 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 $68.43 and its two-hundred day moving average is $70.01. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating 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 company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The company’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. Research analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

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 Upgrades and Downgrades

Several equities research analysts recently commented on KO shares. JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company decreased their price objective on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Finally, UBS Group decreased their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $76.93.

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.