OLD Point Trust & Financial Services N A Purchases 200 Shares of CocaCola Company (The) $KO

OLD Point Trust & Financial Services N A grew its position in CocaCola Company (The) (NYSE:KO) by 0.7% in the second quarter, HoldingsChannel.com reports. The firm owned 30,767 shares of the company’s stock after acquiring an additional 200 shares during the period. OLD Point Trust & Financial Services N A’s holdings in CocaCola were worth $2,177,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KO. Brighton Jones LLC boosted its position in shares of CocaCola by 13.3% during 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 boosted its position in shares of CocaCola by 3.4% during 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. GAMMA Investing LLC boosted its position in shares of CocaCola by 19.0% during the first quarter. GAMMA Investing LLC now owns 83,231 shares of the company’s stock worth $5,961,000 after acquiring an additional 13,261 shares during the last quarter. Consolidated Portfolio Review Corp boosted its position in shares of CocaCola by 3.1% during the first quarter. Consolidated Portfolio Review Corp now owns 5,480 shares of the company’s stock worth $392,000 after acquiring an additional 166 shares during the last quarter. Finally, YHB Investment Advisors Inc. boosted its position in shares of CocaCola by 4.5% during the first quarter. YHB Investment Advisors Inc. now owns 14,309 shares of the company’s stock worth $1,025,000 after acquiring an additional 610 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Down 0.7%

Shares of CocaCola stock opened at $70.75 on Thursday. The stock has a market cap of $304.47 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 3.71 and a beta of 0.43. 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 firm’s 50-day moving average is $67.81 and its two-hundred day moving average is $69.70. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The firm had revenue of $11.40 billion during the quarter. CocaCola had a net margin of 27.34% and a return on equity of 45.63%. As a group, research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st 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, December 1st. CocaCola’s payout ratio is 72.34%.

Analyst Upgrades and Downgrades

KO has been the subject of a number of research reports. TD Cowen upped their target price on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. UBS Group decreased their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Finally, BNP Paribas reissued an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. Based on data from MarketBeat.com, CocaCola currently has an average rating of “Buy” and an average price target of $78.00.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.97% of the stock is currently owned by company insiders.

About CocaCola

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.