Global Trust Asset Management LLC Buys 725 Shares of CocaCola Company (The) $KO

Global Trust Asset Management LLC grew its holdings in shares of CocaCola Company (The) (NYSE:KO) by 13.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,304 shares of the company’s stock after buying an additional 725 shares during the quarter. Global Trust Asset Management LLC’s holdings in CocaCola were worth $446,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of KO. Clean Yield Group boosted its holdings in shares of CocaCola by 2.8% in the second quarter. Clean Yield Group now owns 5,938 shares of the company’s stock valued at $420,000 after purchasing an additional 161 shares during the period. Investment Advisory Services Inc. TX ADV lifted its holdings in CocaCola by 6.7% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 50,197 shares of the company’s stock worth $3,551,000 after buying an additional 3,150 shares during the period. Independence Bank of Kentucky lifted its holdings in CocaCola by 0.5% during the second quarter. Independence Bank of Kentucky now owns 40,629 shares of the company’s stock worth $2,875,000 after buying an additional 199 shares during the period. Moody Lynn & Lieberson LLC increased its position in shares of CocaCola by 16.4% during the second quarter. Moody Lynn & Lieberson LLC now owns 188,050 shares of the company’s stock worth $13,305,000 after purchasing an additional 26,430 shares in the last quarter. Finally, Smith Salley Wealth Management increased its position in shares of CocaCola by 7.0% during the second quarter. Smith Salley Wealth Management now owns 65,524 shares of the company’s stock worth $4,636,000 after purchasing an additional 4,285 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

KO has been the topic of several research reports. Wells Fargo & Company cut their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. UBS Group lowered their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Finally, BNP Paribas reaffirmed an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. 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.com, CocaCola has a consensus rating of “Buy” and an average price target of $76.93.

CocaCola Stock Down 0.5%

Shares of NYSE KO opened at $65.64 on Monday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The company has a 50 day simple moving average of $68.58 and a 200-day simple moving average of $70.06. The company has a market capitalization of $282.49 billion, a P/E ratio of 23.28, a P/E/G ratio of 3.42 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. During the same quarter last year, the firm earned $0.84 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, September 15th. CocaCola’s dividend payout ratio (DPR) is 72.34%.

Insider Activity at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction 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 completion of the transaction, the insider owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by company 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.