Trinity Legacy Partners LLC Acquires 2,148 Shares of CocaCola Company (The) $KO

Trinity Legacy Partners LLC increased its holdings in shares of CocaCola Company (The) (NYSE:KO) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,227 shares of the company’s stock after buying an additional 2,148 shares during the quarter. Trinity Legacy Partners LLC’s holdings in CocaCola were worth $5,072,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hilltop National Bank bought a new stake in shares of CocaCola during the 2nd quarter worth $425,000. Triad Wealth Partners LLC lifted its position in shares of CocaCola by 10.6% during the 2nd quarter. Triad Wealth Partners LLC now owns 9,786 shares of the company’s stock worth $692,000 after buying an additional 934 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of CocaCola by 12.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,994,550 shares of the company’s stock worth $141,114,000 after buying an additional 219,131 shares during the last quarter. Cornell Pochily Investment Advisors Inc. lifted its position in shares of CocaCola by 19.1% during the 2nd quarter. Cornell Pochily Investment Advisors Inc. now owns 20,617 shares of the company’s stock worth $1,459,000 after buying an additional 3,305 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in shares of CocaCola by 10.9% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 17,132 shares of the company’s stock worth $1,212,000 after buying an additional 1,682 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.97% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KO shares. UBS Group dropped their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Wells Fargo & Company dropped their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. BNP Paribas reiterated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. increased their target price on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. Based on data from MarketBeat, CocaCola currently has a consensus rating of “Buy” and an average target price of $76.93.

CocaCola Price Performance

Shares of KO opened at $66.09 on Friday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. 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 market capitalization of $284.44 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.48 and a beta of 0.43. The business has a 50-day moving average of $68.32 and a 200-day moving average of $69.96.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. During the same period last year, the company earned $0.84 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola’s dividend payout ratio (DPR) is 72.34%.

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.