CocaCola Company (The) $KO Shares Bought by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC grew its position in shares of CocaCola Company (The) (NYSE:KO) by 13.9% during the fourth quarter, Holdings Channel reports. The firm owned 94,444 shares of the company’s stock after acquiring an additional 11,544 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in CocaCola were worth $6,603,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in KO. Headlands Technologies LLC acquired a new position in CocaCola during the second quarter worth $26,000. Marquette Asset Management LLC acquired a new position in CocaCola during the third quarter worth $27,000. Cloud Capital Management LLC acquired a new position in CocaCola during the third quarter worth $27,000. Daytona Street Capital LLC acquired a new position in CocaCola during the fourth quarter worth $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in CocaCola during the third quarter worth $30,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KO shares. Barclays increased their price objective on CocaCola from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Evercore reiterated an “outperform” rating and issued a $85.00 price objective on shares of CocaCola in a research note on Wednesday, February 11th. JPMorgan Chase & Co. increased their price objective on CocaCola from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. TD Cowen reiterated a “buy” rating on shares of CocaCola in a research note on Wednesday, February 11th. Finally, Citigroup increased their price objective on CocaCola from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Fifteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $85.00.

Insider Transactions at CocaCola

In related news, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $77.37, for a total value of $1,847,595.60. Following the transaction, the executive vice president owned 17,725 shares of the company’s stock, valued at $1,371,383.25. This represents a 57.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bruno Pietracci sold 28,765 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total value of $2,284,228.65. The SEC filing for this sale provides additional information. Insiders have sold a total of 892,925 shares of company stock valued at $70,254,796 over the last ninety days. Company insiders own 0.90% of the company’s stock.

CocaCola Stock Performance

NYSE:KO opened at $76.31 on Friday. The firm has a market capitalization of $328.44 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 3.15 and a beta of 0.36. The business’s fifty day moving average price is $77.27 and its 200 day moving average price is $73.13. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.25. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $82.00.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $11.82 billion for the quarter, compared to analyst estimates of $12.04 billion. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.CocaCola’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, sell-side analysts anticipate that CocaCola Company will post 3.23 earnings per share for the current fiscal year.

CocaCola Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.8%. This is a boost from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, March 13th. CocaCola’s dividend payout ratio is currently 69.74%.

About CocaCola

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.