Cadence Bank Decreases Holdings in CocaCola Company (The) $KO

Cadence Bank trimmed its holdings in shares of CocaCola Company (The) (NYSE:KO) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,260 shares of the company’s stock after selling 152 shares during the quarter. Cadence Bank’s holdings in CocaCola were worth $4,889,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in shares of CocaCola during the 1st quarter valued at about $25,000. Garde Capital Inc. purchased a new stake in shares of CocaCola during the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. raised its position in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after buying an additional 360 shares in the last quarter. Ridgewood Investments LLC raised its position in CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after purchasing an additional 285 shares during the period. Finally, REAP Financial Group LLC raised its position in CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Quincey sold 266,403 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the sale, the chief executive officer directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.97% of the company’s stock.

CocaCola Stock Down 0.8%

KO stock opened at $70.0840 on Friday. The firm has a market cap of $301.62 billion, a PE ratio of 24.85, a P/E/G ratio of 3.68 and a beta of 0.44. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The firm’s fifty day moving average is $69.85 and its 200 day moving average is $70.35. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO) last announced its earnings results 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. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. During the same quarter last year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, research analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. CocaCola’s payout ratio is presently 72.34%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KO shares. JPMorgan Chase & Co. increased 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. BNP Paribas reissued an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. 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 reissued 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 dropped their target price on shares of CocaCola from $86.00 to $84.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $77.21.

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.