Trinity Legacy Partners LLC Has $4.90 Million Stock Position in CocaCola Company (The) $KO

Key Points

• Trinity Legacy Partners LLC increased its stake in CocaCola Company by 51.2% during the first quarter, bringing its total holdings to 71,079 shares valued at approximately $4.90 million.
• CocaCola reported earnings of $0.87 per share for the last quarter, exceeding analyst expectations of $0.83, with a revenue of $12.50 billion, reflecting a 2.5% year-over-year increase.
• The company announced a quarterly dividend of $0.51 per share, with a 2.9% dividend yield, scheduled for payment on October 1st.

Trinity Legacy Partners LLC lifted its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 51.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,079 shares of the company's stock after purchasing an additional 24,076 shares during the period. Trinity Legacy Partners LLC's holdings in CocaCola were worth $4,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola in the 1st quarter valued at about $25,000. Garde Capital Inc. bought a new stake in shares of CocaCola in the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. lifted its stake in CocaCola by 360.0% in the 1st 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. Ridgewood Investments LLC grew its holdings in CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after purchasing an additional 285 shares during the period. Finally, REAP Financial Group LLC increased its position in CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after buying an additional 208 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

CocaCola Stock Performance

NYSE KO opened at $70.0840 on Friday. The firm has a 50-day moving average price of $69.85 and a two-hundred day moving average price of $70.35. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a market capitalization of $301.62 billion, a P/E ratio of 24.85, a P/E/G ratio of 3.68 and a beta of 0.44. 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 (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share 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 the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio is 72.34%.

Insiders Place Their Bets

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James Quincey sold 266,403 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the sale, the chief executive officer directly owned 275,946 shares of the company's stock, valued at $19,884,668.76. This represents a 49.12% decrease in their position. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KO shares. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. JPMorgan Chase & Co. increased their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. UBS Group decreased their target price on CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average 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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