First International Bank & Trust Sells 839 Shares of CocaCola Company (The) $KO

First International Bank & Trust reduced its stake in CocaCola Company (The) (NYSE:KO) by 20.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,200 shares of the company’s stock after selling 839 shares during the quarter. First International Bank & Trust’s holdings in CocaCola were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KO. Sage Financial Management Group Inc. purchased a new stake in shares of CocaCola in the first quarter worth $216,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in CocaCola by 6.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company’s stock valued at $2,212,300,000 after purchasing an additional 1,794,561 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in CocaCola by 3.3% during the 1st 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 in the last quarter. IFM Investors Pty Ltd raised its holdings in CocaCola by 0.5% in the first quarter. IFM Investors Pty Ltd now owns 762,841 shares of the company’s stock worth $54,635,000 after buying an additional 3,837 shares during the last quarter. Finally, Advisors Capital Management LLC raised its holdings in CocaCola by 37.7% in the first quarter. Advisors Capital Management LLC now owns 471,034 shares of the company’s stock worth $33,735,000 after buying an additional 128,852 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Performance

Shares of KO opened at $67.00 on Monday. The firm has a market capitalization of $288.35 billion, a P/E ratio of 23.76, a PEG ratio of 3.49 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The business has a fifty day moving average of $69.29 and a 200 day moving average of $70.37.

CocaCola (NYSE:KO) last announced its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The business had revenue of $12.50 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. 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 EPS for the current year.

CocaCola Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on KO shares. Morgan Stanley reiterated an “overweight” rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. JPMorgan Chase & Co. increased their target price on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. BNP Paribas reaffirmed an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Finally, UBS Group decreased their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, CocaCola currently has an average rating of “Buy” and an average price target of $76.93.

Insiders Place Their Bets

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction on 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 transaction, the insider owned 209,513 shares in the company, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

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.