City Holding Co. Buys 5,664 Shares of CocaCola Company (The) $KO

City Holding Co. raised its stake in shares of CocaCola Company (The) (NYSE:KO) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,834 shares of the company’s stock after purchasing an additional 5,664 shares during the period. CocaCola accounts for approximately 1.0% of City Holding Co.’s holdings, making the stock its 25th biggest position. City Holding Co.’s holdings in CocaCola were worth $7,275,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new stake in CocaCola in the 1st quarter worth approximately $25,000. 1248 Management LLC bought a new stake in CocaCola in the first quarter worth $26,000. Garde Capital Inc. purchased a new stake in CocaCola during the first quarter valued at $30,000. Mizuho Securities Co. Ltd. lifted its position in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after purchasing an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC grew its stake 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 in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Price Performance

KO opened at $65.64 on Friday. 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 current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The business’s fifty day simple moving average is $68.58 and its 200-day simple moving average is $70.05.

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

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given 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 presently 72.34%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KO shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. BNP Paribas restated an “outperform” rating and set a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. UBS Group cut 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, Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat, CocaCola has an average rating of “Buy” and an average target price of $76.93.

Insiders Place Their Bets

In other CocaCola 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 transaction, the insider 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is currently owned by insiders.

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.