Hilltop National Bank Takes $425,000 Position in CocaCola Company (The) $KO

Hilltop National Bank purchased a new position in shares of CocaCola Company (The) (NYSE:KO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,005 shares of the company’s stock, valued at approximately $425,000.

Other hedge funds have also bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new stake in CocaCola during the first quarter worth $25,000. 1248 Management LLC bought a new stake in shares of CocaCola in the first quarter valued at $26,000. Garde Capital Inc. bought a new stake in shares of CocaCola in the first quarter valued at $30,000. Mizuho Securities Co. Ltd. raised its stake in shares of CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after buying an additional 360 shares during the period. Finally, Ridgewood Investments LLC raised its stake in shares of CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after buying an additional 285 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is currently owned by insiders.

CocaCola Price Performance

Shares of NYSE KO opened at $66.65 on Friday. The stock has a market cap of $286.86 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. 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 stock has a fifty day moving average of $68.27 and a 200-day moving average of $69.94.

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

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola’s payout ratio is presently 72.34%.

Analyst Ratings Changes

Several analysts have issued reports on KO shares. Wells Fargo & Company lowered their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an “outperform” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. boosted 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. UBS Group lowered their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $76.93.

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.