Bank of Hawaii Increases Position in CocaCola Company (The) $KO

Key Points

• Bank of Hawaii increased its stake in CocaCola by 9.9% in the first quarter, acquiring a total of 60,540 shares valued at approximately $4.34 million.
• CocaCola's CEO James Quincey sold 266,403 shares worth about $19.2 million, reducing his position by nearly 49%.
• The company has declared a quarterly dividend of $0.51 per share, resulting in a yield of 2.9%, with the ex-dividend date set for September 15th.

Bank of Hawaii lifted its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,540 shares of the company's stock after buying an additional 5,439 shares during the quarter. Bank of Hawaii's holdings in CocaCola were worth $4,336,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. MorganRosel Wealth Management LLC purchased a new stake in CocaCola in the first quarter worth $25,000. Garde Capital Inc. purchased a new stake in shares of CocaCola during the first quarter valued at $30,000. Mizuho Securities Co. Ltd. grew its holdings in shares of CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after purchasing an additional 360 shares during the last quarter. Ridgewood Investments LLC increased its stake in 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 during the period. Finally, REAP Financial Group LLC lifted its holdings in CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after buying an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Transactions at CocaCola

In related news, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the sale, the chief executive officer directly owned 275,946 shares in the company, valued at $19,884,668.76. This trade represents a 49.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction that occurred on 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 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 position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

CocaCola Trading Down 0.8%

Shares of NYSE KO opened at $70.0840 on Monday. The business has a fifty day moving average price of $69.85 and a 200 day moving average price of $70.45. 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 stock has a market capitalization of $301.62 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 3.65 and a beta of 0.44.

CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The company 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%. CocaCola's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities research analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of research analyst reports. Morgan Stanley restated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. UBS Group dropped their price objective on CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. BNP Paribas reaffirmed an "outperform" rating and set 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 stock an "outperform" rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. raised their price target on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, CocaCola currently has an average rating of "Buy" and a consensus price target of $77.21.

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.

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