CocaCola Company (The) $KO Shares Acquired by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA lifted its stake in shares of CocaCola Company (The) (NYSE:KO) by 54.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,544 shares of the company’s stock after acquiring an additional 7,597 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in CocaCola were worth $1,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KO. Lantern Wealth Advisors LLC raised its stake in CocaCola by 3.6% during the second quarter. Lantern Wealth Advisors LLC now owns 3,316 shares of the company’s stock worth $270,000 after purchasing an additional 115 shares during the period. Gill Capital Partners LLC increased its holdings in shares of CocaCola by 4.1% during the 2nd quarter. Gill Capital Partners LLC now owns 2,992 shares of the company’s stock worth $243,000 after buying an additional 117 shares during the last quarter. Paragon Private Wealth Management LLC raised its position in shares of CocaCola by 1.4% during the 2nd quarter. Paragon Private Wealth Management LLC now owns 8,726 shares of the company’s stock valued at $709,000 after buying an additional 123 shares during the period. Everpar Advisors LLC lifted its holdings in CocaCola by 0.9% in the second quarter. Everpar Advisors LLC now owns 14,504 shares of the company’s stock valued at $1,179,000 after acquiring an additional 125 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in CocaCola by 0.3% in the first quarter. Geneos Wealth Management Inc. now owns 40,879 shares of the company’s stock worth $3,109,000 after acquiring an additional 129 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In related news, EVP Nancy Quan sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the transaction, the executive vice president owned 223,330 shares in the company, valued at $20,186,798.70. This trade represents a 18.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 CocaCola stock in a transaction that occurred on 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 in the company, valued at approximately $24,439,553.27. This trade represents a 35.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 926,620 shares of company stock worth $83,075,714. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the topic of a number of research analyst reports. UBS Group set a $104.00 target price on CocaCola and gave the company a “buy” rating in a research report on Wednesday, July 29th. Barclays boosted their price objective on shares of CocaCola from $91.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Jefferies Financial Group increased their target price on shares of CocaCola from $95.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada boosted their price target on shares of CocaCola from $87.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $93.00 price objective on shares of CocaCola in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.76.

CocaCola Stock Up 0.2%

NYSE:KO traded up $0.17 during midday trading on Friday, hitting $88.22. 28,015,871 shares of the company were exchanged, compared to its average volume of 17,007,035. The company has a fifty day simple moving average of $87.06 and a 200 day simple moving average of $81.71. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $92.49. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $379.59 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.42 and a beta of 0.34.

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

CocaCola Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola’s payout ratio is presently 63.66%.

CocaCola Profile

The Coca-Cola Company (NYSE: KO) is a global beverage company best known for its Coca-Cola soft drink, which was first introduced in 1886. The company was incorporated in 1892 and has grown into one of the world’s largest beverage businesses.

Its portfolio includes sparkling soft drinks such as Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite and Fanta, along with water, sports drinks, coffee, tea, juice and dairy-based beverages. Other brands associated with the company include Dasani, smartwater, Powerade, Minute Maid, Simply, Costa Coffee, fairlife and Topo Chico.

The Coca-Cola Company primarily develops, owns and markets beverage brands, while relying on a global network of independent bottling partners and distributors to manufacture, package and deliver many of its products.