Hall Capital Management Co. Inc. Has $1.62 Million Stake in CocaCola Company (The) $KO

Hall Capital Management Co. Inc. boosted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,922 shares of the company’s stock after buying an additional 665 shares during the quarter. Hall Capital Management Co. Inc.’s holdings in CocaCola were worth $1,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KO. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola in the first quarter valued at about $25,000. 1248 Management LLC acquired a new stake in shares of CocaCola in the first quarter valued at about $26,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the first quarter valued at about $30,000. Mizuho Securities Co. Ltd. grew its position in shares of CocaCola by 360.0% in 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 position in shares of CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after purchasing an additional 285 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were 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 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by corporate insiders.

CocaCola Stock Up 1.0%

Shares of KO opened at $66.79 on Wednesday. The stock has a market cap of $287.43 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 3.44 and a beta of 0.43. The company has a quick ratio of 0.98, a current ratio of 1.21 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 company has a 50-day moving average price of $68.18 and a two-hundred day moving average price of $69.91.

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

CocaCola Announces Dividend

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

Wall Street Analyst Weigh In

KO has been the topic of several research analyst reports. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research note on Saturday, September 27th. UBS Group reduced their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Finally, BNP Paribas reiterated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat.com, CocaCola presently has a consensus rating of “Buy” and an average target price of $76.93.

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.