BankPlus Trust Department Increases Stock Position in CocaCola Company (The) $KO

BankPlus Trust Department increased its position in shares of CocaCola Company (The) (NYSE:KO) by 5.1% during the second quarter, HoldingsChannel.com reports. The fund owned 42,317 shares of the company’s stock after acquiring an additional 2,039 shares during the period. CocaCola makes up approximately 0.9% of BankPlus Trust Department’s holdings, making the stock its 22nd largest holding. BankPlus Trust Department’s holdings in CocaCola were worth $2,994,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of KO. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola in the 1st quarter worth $25,000. 1248 Management LLC bought a new position in shares of CocaCola in the 1st quarter worth $26,000. Garde Capital Inc. bought a new position in shares of CocaCola in the 1st quarter worth $30,000. Mizuho Securities Co. Ltd. increased its holdings in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after buying an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC increased its holdings in shares of CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after buying an additional 285 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Up 1.0%

Shares of CocaCola stock opened at $66.79 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The company has a 50-day moving average of $68.18 and a 200 day moving average of $69.91. The firm has a market cap of $287.43 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 3.44 and a beta of 0.43. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. CocaCola’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, sell-side analysts anticipate 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 was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.1%. CocaCola’s payout ratio is 72.34%.

Analyst Ratings Changes

KO has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. BNP Paribas reissued an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Wells Fargo & Company reduced 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, September 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Saturday, September 27th. Finally, UBS Group dropped their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $76.93.

Insider Transactions at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction dated 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.90% of the company’s stock.

CocaCola Company 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.