Global Trust Asset Management LLC Has $446,000 Stock Position in CocaCola Company (The) $KO

Global Trust Asset Management LLC boosted its holdings in CocaCola Company (The) (NYSE:KO) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,304 shares of the company’s stock after purchasing an additional 725 shares during the quarter. Global Trust Asset Management LLC’s holdings in CocaCola were worth $446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KO. MorganRosel Wealth Management LLC purchased a new position in shares of CocaCola during the 1st quarter valued at $25,000. 1248 Management LLC bought a new position in shares of CocaCola during the 1st quarter valued at about $26,000. Garde Capital Inc. bought a new position in shares of CocaCola during the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. boosted its holdings in 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 acquiring an additional 360 shares during the period. Finally, Ridgewood Investments LLC boosted its holdings in CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after acquiring an additional 285 shares during the period. Institutional investors own 70.26% of the company’s stock.

CocaCola Price Performance

Shares of CocaCola stock opened at $65.64 on Monday. The stock’s 50-day simple moving average is $68.58 and its 200-day simple moving average is $70.06. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a market capitalization of $282.49 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 3.42 and a beta of 0.43. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS 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 business had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola’s payout ratio is 72.34%.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction dated Tuesday, August 5th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the subject of several research analyst reports. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. BNP Paribas reissued an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Morgan Stanley restated an “overweight” rating and issued a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Finally, Wells Fargo & Company dropped their price target on CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat, the company has an average 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.