First Hawaiian Bank Increases Stock Position in CocaCola Company (The) $KO

Key Points

• First Hawaiian Bank increased its holdings in CocaCola by 147.0% during Q1, owning 12,536 shares valued at $898,000 after acquiring an additional 7,461 shares.
• Several hedge funds have also boosted their positions in CocaCola, with notable increases including 20,077.8% by Scissortail Wealth Management LLC and 13.3% by Brighton Jones LLC.
• Analysts have mixed price targets for CocaCola, with UBS lowering its target to $80 while Morgan Stanley set it at $81, indicating a generally positive outlook with an average rating of "Buy."

First Hawaiian Bank lifted its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 147.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,536 shares of the company's stock after acquiring an additional 7,461 shares during the period. First Hawaiian Bank's holdings in CocaCola were worth $898,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KO. Brighton Jones LLC grew its position in shares of CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after acquiring an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC grew its position in CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after buying an additional 293 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in CocaCola by 12.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock valued at $1,189,000 after buying an additional 2,072 shares during the last quarter. Snowden Capital Advisors LLC grew its position in CocaCola by 1.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 85,499 shares of the company's stock valued at $5,323,000 after buying an additional 1,256 shares during the last quarter. Finally, Scissortail Wealth Management LLC grew its position in CocaCola by 20,077.8% in the 4th quarter. Scissortail Wealth Management LLC now owns 3,632 shares of the company's stock valued at $226,000 after buying an additional 3,614 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KO shares. UBS Group lowered their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. JPMorgan Chase & Co. lifted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. BNP Paribas reiterated an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Finally, Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $76.93.

CocaCola Price Performance

Shares of NYSE KO opened at $67.00 on Friday. The firm has a market capitalization of $288.35 billion, a P/E ratio of 23.76, a PEG ratio of 3.52 and a beta of 0.43. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The company's fifty day moving average is $69.29 and its two-hundred day moving average is $70.37. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's payout ratio is 72.34%.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction on 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 owned 209,513 shares of the company's stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.97% of the stock is owned by company 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.

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