Flputnam Investment Management Co. grew its position in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 127.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 401,133 shares of the company’s stock after acquiring an additional 224,391 shares during the period. Flputnam Investment Management Co.’s holdings in CocaCola were worth $28,043,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in KO. Anfield Capital Management LLC lifted its holdings in shares of CocaCola by 438.8% during the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after buying an additional 294 shares during the last quarter. Headlands Technologies LLC acquired a new stake in CocaCola in the 2nd quarter worth approximately $26,000. Cloud Capital Management LLC acquired a new stake in CocaCola in the 3rd quarter worth approximately $27,000. Daytona Street Capital LLC acquired a new stake in CocaCola in the 4th quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in CocaCola in the 3rd quarter worth approximately $30,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
KO has been the subject of several analyst reports. Jefferies Financial Group boosted their target price on CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 16th. UBS Group boosted their target price on CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Royal Bank Of Canada set a $87.00 target price on CocaCola in a report on Wednesday, February 11th. Morgan Stanley set a $88.00 target price on CocaCola in a report on Wednesday, March 11th. Finally, Barclays boosted their target price on CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Fifteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CocaCola has an average rating of “Buy” and an average price target of $86.80.
CocaCola Stock Performance
Shares of NYSE KO opened at $80.60 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $77.55 and its two-hundred day moving average is $74.87. The company has a market cap of $346.78 billion, a P/E ratio of 25.35, a P/E/G ratio of 3.26 and a beta of 0.35. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $82.66.
CocaCola (NYSE:KO – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, equities analysts expect that CocaCola Company will post 3.26 EPS for the current year.
CocaCola Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s payout ratio is currently 66.67%.
Insider Buying and Selling
In other news, EVP Monica Howard Douglas sold 23,880 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $77.37, for a total transaction of $1,847,595.60. Following the sale, the executive vice president directly owned 17,725 shares in the company, valued at approximately $1,371,383.25. The trade was a 57.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John Murphy sold 72,449 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $80.52, for a total value of $5,833,593.48. Following the sale, the chief financial officer owned 279,917 shares in the company, valued at approximately $22,538,916.84. This represents a 20.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 652,289 shares of company stock worth $51,739,054. 0.90% of the stock is currently owned by company insiders.
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.
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