Thomasville National Bank Has $8.36 Million Stock Position in CocaCola Company (The) $KO

Key Points

• Thomasville National Bank reduced its stake in CocaCola by 5.3%, holding 118,117 shares now valued at $8.36 million.
• A recent earnings report highlighted CocaCola's EPS of $0.87, exceeding estimates, with a revenue of $12.50 billion for the quarter.
• CocaCola announced a quarterly dividend of $0.51, reflecting an annual yield of 3.1% and a payout ratio of 72.34%.

Thomasville National Bank cut its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,117 shares of the company's stock after selling 6,576 shares during the period. Thomasville National Bank's holdings in CocaCola were worth $8,357,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KO. Viking Fund Management LLC grew its position in CocaCola by 25.0% during the second quarter. Viking Fund Management LLC now owns 100,000 shares of the company's stock worth $7,075,000 after buying an additional 20,000 shares in the last quarter. Phillips Wealth Planners LLC grew its holdings in shares of CocaCola by 18.6% during the 2nd quarter. Phillips Wealth Planners LLC now owns 12,639 shares of the company's stock worth $888,000 after purchasing an additional 1,982 shares in the last quarter. Bell Bank increased its position in shares of CocaCola by 13.1% during the second quarter. Bell Bank now owns 26,710 shares of the company's stock valued at $1,890,000 after purchasing an additional 3,099 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of CocaCola in the second quarter valued at $23,847,000. Finally, IFM Investors Pty Ltd lifted its position in CocaCola by 2.4% in the second quarter. IFM Investors Pty Ltd now owns 780,999 shares of the company's stock worth $55,256,000 after purchasing an additional 18,158 shares during the period. Institutional investors own 70.26% of the company's stock.

CocaCola Stock Up 0.1%

KO stock traded up $0.06 during midday trading on Friday, hitting $66.52. The company's stock had a trading volume of 31,087,715 shares, compared to its average volume of 17,067,516. The company's fifty day moving average price is $68.93 and its 200 day moving average price is $70.22. CocaCola Company has a twelve month low of $60.62 and a twelve month 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 $286.28 billion, a P/E ratio of 23.59, a PEG ratio of 3.46 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.CocaCola's revenue was up 2.5% on a year-over-year basis. 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. As a group, equities research analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date is 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 presently 72.34%.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 209,513 shares in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KO has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective 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. Morgan Stanley restated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. BNP Paribas reissued an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. 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. Finally, UBS Group cut their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $76.93.

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.