Trinity Legacy Partners LLC Has $5.07 Million Stock Position in CocaCola Company (The) $KO

Trinity Legacy Partners LLC increased its holdings in shares of CocaCola Company (The) (NYSE:KO) by 3.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,227 shares of the company’s stock after purchasing an additional 2,148 shares during the period. Trinity Legacy Partners LLC’s holdings in CocaCola were worth $5,072,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC grew its stake in CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after acquiring an additional 293 shares during the period. Apella Capital LLC grew its stake in CocaCola by 64.0% in the first quarter. Apella Capital LLC now owns 17,709 shares of the company’s stock valued at $1,239,000 after acquiring an additional 6,909 shares during the period. Contravisory Investment Management Inc. grew its stake in CocaCola by 29,595.7% in the first quarter. Contravisory Investment Management Inc. now owns 6,830 shares of the company’s stock valued at $489,000 after acquiring an additional 6,807 shares during the period. Finally, Johnson & White Wealth Management LLC grew its stake in CocaCola by 2.1% in the first quarter. Johnson & White Wealth Management LLC now owns 14,290 shares of the company’s stock valued at $1,023,000 after acquiring an additional 293 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on KO shares. JPMorgan Chase & Co. raised their price objective on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company reduced their price objective on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. BNP Paribas restated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Morgan Stanley restated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Finally, Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $76.93.

Insider Buying and Selling

In related 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 sale, the insider directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.97% of the company’s stock.

CocaCola Stock Down 1.0%

KO stock opened at $66.09 on Friday. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The stock’s 50 day moving average is $68.32 and its 200-day moving average is $69.96. The firm has a market capitalization of $284.44 billion, a PE ratio of 23.44, a P/E/G ratio of 3.48 and a beta of 0.43.

CocaCola (NYSE:KO) last issued 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 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 quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Sell-side 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 was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola’s dividend payout ratio (DPR) is 72.34%.

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.