Traphagen Investment Advisors LLC Lowers Holdings in CocaCola Company (The) $KO

Traphagen Investment Advisors LLC trimmed its holdings in CocaCola Company (The) (NYSE:KO) by 1.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 13,436 shares of the company’s stock after selling 191 shares during the period. Traphagen Investment Advisors LLC’s holdings in CocaCola were worth $951,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Secured Retirement Advisors LLC purchased a new stake in shares of CocaCola in the second quarter worth about $232,000. Lakeshore Capital Group Inc. lifted its position in shares of CocaCola by 6.3% in the second quarter. Lakeshore Capital Group Inc. now owns 26,391 shares of the company’s stock worth $1,867,000 after buying an additional 1,558 shares in the last quarter. REAP Financial Group LLC lifted its position in shares of CocaCola by 55.8% in the second quarter. REAP Financial Group LLC now owns 1,186 shares of the company’s stock worth $84,000 after buying an additional 425 shares in the last quarter. Sax Wealth Advisors LLC purchased a new stake in shares of CocaCola in the second quarter worth about $233,000. Finally, Venturi Wealth Management LLC lifted its position in shares of CocaCola by 8.9% in the second quarter. Venturi Wealth Management LLC now owns 18,434 shares of the company’s stock worth $1,304,000 after buying an additional 1,502 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KO. BNP Paribas reiterated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Saturday, September 27th. UBS Group decreased their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. JPMorgan Chase & Co. boosted their target price on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company decreased 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, September 25th. One analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $76.93.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.90% of the company’s stock.

CocaCola Price Performance

NYSE:KO opened at $66.79 on Wednesday. The firm has a market capitalization of $287.43 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 3.44 and a beta of 0.43. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The business has a 50 day simple moving average of $68.18 and a 200-day simple moving average of $69.91. 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 (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. The business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was 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%.

CocaCola 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.