Trust Co. of Vermont Purchases 705 Shares of CocaCola Company (The) $KO

Trust Co. of Vermont raised its position in shares of CocaCola Company (The) (NYSE:KO) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,124 shares of the company’s stock after acquiring an additional 705 shares during the period. Trust Co. of Vermont’s holdings in CocaCola were worth $4,183,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KO. Brighton Jones LLC grew its stake in shares of CocaCola by 13.3% in 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 stake in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after acquiring an additional 293 shares during the last quarter. Fiduciary Alliance LLC grew its stake in shares of CocaCola by 3.6% in the first quarter. Fiduciary Alliance LLC now owns 18,848 shares of the company’s stock worth $1,350,000 after acquiring an additional 659 shares during the last quarter. Fragasso Financial Advisors Inc grew its stake in shares of CocaCola by 4.6% in the first quarter. Fragasso Financial Advisors Inc now owns 7,544 shares of the company’s stock worth $540,000 after acquiring an additional 334 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in shares of CocaCola by 2.0% in the first quarter. Harbor Investment Advisory LLC now owns 16,039 shares of the company’s stock worth $1,149,000 after acquiring an additional 316 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Up 0.5%

Shares of NYSE:KO opened at $66.34 on Wednesday. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The company’s fifty day moving average is $68.43 and its 200-day moving average is $70.01. The company has a market capitalization of $285.51 billion, a PE ratio of 23.52, a P/E/G ratio of 3.44 and a beta of 0.43.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. During the same quarter in the previous year, the company earned $0.84 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal 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 $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola’s payout ratio is currently 72.34%.

Insider Activity

In related news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola 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 directly 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 filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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