Trust Point Inc. Increases Position in CocaCola Company (The) $KO

Trust Point Inc. increased its position in CocaCola Company (The) (NYSE:KOFree Report) by 33.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,319 shares of the company’s stock after acquiring an additional 6,397 shares during the period. Trust Point Inc.’s holdings in CocaCola were worth $2,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anfield Capital Management LLC increased its holdings in CocaCola by 438.8% in the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after purchasing an additional 294 shares during the last quarter. Louisbourg Investments Inc. acquired a new position in CocaCola during the first quarter worth $25,000. Headlands Technologies LLC acquired a new position in CocaCola during the second quarter worth $26,000. Evolution Wealth Management Inc. boosted its position in shares of CocaCola by 1,081.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after buying an additional 357 shares during the period. Finally, Elevated Capital Advisors LLC purchased a new position in shares of CocaCola during the fourth quarter worth $30,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Trending Headlines about CocaCola

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CocaCola Price Performance

KO stock opened at $87.06 on Friday. The business’s 50-day moving average is $82.66 and its two-hundred day moving average is $79.27. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market capitalization of $374.58 billion, a P/E ratio of 26.14, a P/E/G ratio of 3.04 and a beta of 0.33. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $90.92.

CocaCola (NYSE:KOGet Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The business had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $13.17 billion. During the same period in the previous year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Analysts anticipate that CocaCola Company will post 3.29 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. CocaCola’s dividend payout ratio (DPR) is presently 63.66%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America boosted their price objective on CocaCola from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, July 10th. Piper Sandler boosted their price target on shares of CocaCola from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Argus increased their price target on shares of CocaCola from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Truist Financial set a $88.00 price objective on shares of CocaCola in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of CocaCola from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.76.

View Our Latest Stock Analysis on CocaCola

Insiders Place Their Bets

In other CocaCola news, insider Bruno Pietracci sold 75,727 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $89.65, for a total value of $6,788,925.55. Following the sale, the insider directly owned 35,393 shares in the company, valued at $3,172,982.45. This trade represents a 68.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John Murphy sold 152,483 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $87.31, for a total value of $13,313,290.73. Following the transaction, the chief financial officer directly owned 279,917 shares of the company’s stock, valued at approximately $24,439,553.27. This represents a 35.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 1,455,202 shares of company stock worth $123,620,742. 0.90% of the stock is currently owned by insiders.

CocaCola Company Profile

(Free Report)

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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