Westhampton Capital LLC Boosts Stock Position in CocaCola Company (The) $KO

Westhampton Capital LLC grew its stake in shares of CocaCola Company (The) (NYSE:KO) by 14.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,638 shares of the company’s stock after buying an additional 3,200 shares during the period. Westhampton Capital LLC’s holdings in CocaCola were worth $1,814,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Union Bancaire Privee UBP SA lifted its position in shares of CocaCola by 13.2% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 575,864 shares of the company’s stock valued at $40,742,000 after buying an additional 67,258 shares in the last quarter. Chicago Capital LLC lifted its position in shares of CocaCola by 1.2% during the 2nd quarter. Chicago Capital LLC now owns 77,918 shares of the company’s stock valued at $5,513,000 after buying an additional 919 shares in the last quarter. Trivium Point Advisory LLC lifted its position in shares of CocaCola by 3.3% during the 2nd quarter. Trivium Point Advisory LLC now owns 19,290 shares of the company’s stock valued at $1,365,000 after buying an additional 623 shares in the last quarter. Spectrum Strategic Capital Management LLC purchased a new position in shares of CocaCola during the 2nd quarter valued at about $1,049,000. Finally, Emerald Advisors LLC lifted its holdings in CocaCola by 5.1% in the 2nd quarter. Emerald Advisors LLC now owns 19,724 shares of the company’s stock worth $1,396,000 after purchasing an additional 959 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.97% of the stock is owned by company insiders.

CocaCola Stock Performance

NYSE KO opened at $66.00 on Tuesday. The company has a market cap of $284.04 billion, a P/E ratio of 23.40, a P/E/G ratio of 3.42 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The business’s 50 day moving average price is $68.50 and its 200-day moving average price is $70.04. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Sell-side analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. 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 lowered their price target on CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. UBS Group lowered their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. JPMorgan Chase & Co. upped their price objective on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. One research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat, CocaCola has a consensus rating of “Buy” and a consensus target price of $76.93.

About CocaCola

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.