TBH Global Asset Management LLC Boosts Stock Holdings in CocaCola Company (The) $KO

TBH Global Asset Management LLC increased its position in CocaCola Company (The) (NYSE:KO) by 13.6% in the second quarter, Holdings Channel.com reports. The fund owned 40,899 shares of the company’s stock after purchasing an additional 4,897 shares during the period. CocaCola makes up about 0.3% of TBH Global Asset Management LLC’s investment portfolio, making the stock its 28th largest position. TBH Global Asset Management LLC’s holdings in CocaCola were worth $2,894,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blossom Wealth Management boosted its stake in CocaCola by 4.3% during the 2nd quarter. Blossom Wealth Management now owns 5,225 shares of the company’s stock valued at $370,000 after purchasing an additional 215 shares during the last quarter. KG&L Capital Management LLC lifted its holdings in shares of CocaCola by 189.8% during the second quarter. KG&L Capital Management LLC now owns 29,318 shares of the company’s stock valued at $2,074,000 after purchasing an additional 19,202 shares in the last quarter. LVW Advisors LLC boosted its position in shares of CocaCola by 11.7% during the second quarter. LVW Advisors LLC now owns 35,004 shares of the company’s stock valued at $2,477,000 after buying an additional 3,679 shares during the last quarter. TOWER TRUST & INVESTMENT Co increased its holdings in CocaCola by 2.3% in the 2nd quarter. TOWER TRUST & INVESTMENT Co now owns 13,885 shares of the company’s stock worth $982,000 after buying an additional 308 shares in the last quarter. Finally, ORG Wealth Partners LLC raised its position in CocaCola by 11.4% in the 2nd quarter. ORG Wealth Partners LLC now owns 8,109 shares of the company’s stock worth $581,000 after buying an additional 828 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

CocaCola Stock Down 0.5%

KO opened at $65.64 on Friday. The firm’s 50 day simple moving average is $68.58 and its two-hundred day simple moving average is $70.05. The company has a market capitalization of $282.49 billion, a PE ratio of 23.28, a PEG ratio of 3.42 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 company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The firm 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%.CocaCola’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities analysts forecast 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 given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola’s payout ratio is presently 72.34%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KO. JPMorgan Chase & Co. raised their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Wells Fargo & Company dropped their target price on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley reaffirmed an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. BNP Paribas reissued an “outperform” rating and set a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Finally, UBS Group dropped their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $76.93.

Insider Activity

In related news, insider Nikolaos Koumettis sold 37,396 shares of the 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 completion of the sale, the insider directly owned 209,513 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Company insiders own 0.97% of the company’s stock.

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.