Security National Bank of Sioux City Iowa IA Grows Stock Position in CocaCola Company (The) $KO

Security National Bank of Sioux City Iowa IA grew its holdings in CocaCola Company (The) (NYSE:KO) by 54.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,544 shares of the company’s stock after acquiring an additional 7,597 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in CocaCola were worth $1,751,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Lantern Wealth Advisors LLC grew its position in CocaCola by 3.6% during the 2nd quarter. Lantern Wealth Advisors LLC now owns 3,316 shares of the company’s stock worth $270,000 after purchasing an additional 115 shares during the last quarter. Gill Capital Partners LLC raised its holdings in shares of CocaCola by 4.1% in the second quarter. Gill Capital Partners LLC now owns 2,992 shares of the company’s stock worth $243,000 after buying an additional 117 shares during the last quarter. Paragon Private Wealth Management LLC lifted its stake in shares of CocaCola by 1.4% during the second quarter. Paragon Private Wealth Management LLC now owns 8,726 shares of the company’s stock worth $709,000 after buying an additional 123 shares during the period. Everpar Advisors LLC lifted its stake in shares of CocaCola by 0.9% during the second quarter. Everpar Advisors LLC now owns 14,504 shares of the company’s stock worth $1,179,000 after buying an additional 125 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of CocaCola by 0.3% during the first quarter. Geneos Wealth Management Inc. now owns 40,879 shares of the company’s stock valued at $3,109,000 after buying an additional 129 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Price Performance

NYSE:KO traded up $0.17 during trading hours on Friday, hitting $88.22. 28,015,871 shares of the stock were exchanged, compared to its average volume of 17,007,035. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $92.49. The firm’s fifty day moving average price is $87.06 and its 200 day moving average price is $81.71. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The company has a market cap of $379.59 billion, a P/E ratio of 26.49, a P/E/G ratio of 3.42 and a beta of 0.34.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.04. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The business had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. During the same quarter last year, the business posted $0.87 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, equities research analysts anticipate that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.53 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.4%. CocaCola’s dividend payout ratio (DPR) is presently 63.66%.

Insider Activity at CocaCola

In other news, insider Bruno Pietracci sold 111,365 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $90.93, for a total transaction of $10,126,419.45. Following the completion of the sale, the insider owned 41,365 shares of the company’s stock, valued at $3,761,319.45. This represents a 72.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 50,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the completion of the sale, the executive vice president owned 223,330 shares of the company’s stock, valued at $20,186,798.70. This trade represents a 18.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 926,620 shares of company stock worth $83,075,714 over the last 90 days. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the topic of several research reports. Seaport Research Partners set a $95.00 target price on CocaCola in a research report on Friday, August 14th. Citigroup lifted their price target on CocaCola from $97.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Barclays boosted their price target on CocaCola from $91.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective on CocaCola from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group lifted their target price on CocaCola from $95.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $95.76.

CocaCola Profile

The Coca-Cola Company (NYSE: KO) is a global beverage company best known for its Coca-Cola soft drink, which was first introduced in 1886. The company was incorporated in 1892 and has grown into one of the world’s largest beverage businesses.

Its portfolio includes sparkling soft drinks such as Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite and Fanta, along with water, sports drinks, coffee, tea, juice and dairy-based beverages. Other brands associated with the company include Dasani, smartwater, Powerade, Minute Maid, Simply, Costa Coffee, fairlife and Topo Chico.

The Coca-Cola Company primarily develops, owns and markets beverage brands, while relying on a global network of independent bottling partners and distributors to manufacture, package and deliver many of its products.