Vest Financial LLC lessened its holdings in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 7.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 788,123 shares of the company’s stock after selling 59,735 shares during the quarter. Vest Financial LLC’s holdings in CocaCola were worth $64,051,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Louisbourg Investments Inc. acquired a new stake in CocaCola during the 1st quarter worth approximately $25,000. Anfield Capital Management LLC increased its position in shares of CocaCola by 438.8% during the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after acquiring an additional 294 shares during the period. Headlands Technologies LLC acquired a new stake in shares of CocaCola in the second quarter valued at $26,000. Evolution Wealth Management Inc. grew its stake in CocaCola by 1,081.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after purchasing an additional 357 shares in the last quarter. Finally, Ankerstar Wealth LLC purchased a new stake in CocaCola during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.
Wall Street Analyst Weigh In
KO has been the subject of several recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $100.00 price objective (up from $89.00) on shares of CocaCola in a research note on Wednesday, July 29th. Royal Bank Of Canada increased their price objective on shares of CocaCola from $87.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Wells Fargo & Company raised their price objective on shares of CocaCola from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. TD Cowen lifted their price objective on shares of CocaCola from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of CocaCola in a research note on Friday, July 31st. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, CocaCola currently has an average rating of “Moderate Buy” and an average price target of $95.76.
CocaCola Stock Performance
Shares of CocaCola stock opened at $86.99 on Tuesday. The firm has a market capitalization of $374.28 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.06 and a beta of 0.33. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $90.92. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The firm’s 50 day moving average is $83.66 and its two-hundred day moving average is $79.95.
CocaCola (NYSE:KO – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $13.17 billion. During the same quarter in the previous year, the firm earned $0.87 EPS. The company’s 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. Research analysts forecast that CocaCola Company will post 3.29 EPS for the current fiscal year.
CocaCola Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.4%. CocaCola’s payout ratio is 63.66%.
Insider Transactions at CocaCola
In other news, EVP Jennifer K. Mann sold 23,984 shares of CocaCola stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $83.41, for a total transaction of $2,000,505.44. Following the sale, the executive vice president owned 157,400 shares in the company, valued at approximately $13,128,734. The trade was a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanket Ray sold 9,958 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the sale, the insider directly owned 62,105 shares of the company’s stock, valued at $5,372,082.50. The trade was a 13.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,433,535 shares of company stock valued at $121,922,698 over the last quarter. 0.90% of the stock is owned by corporate insiders.
CocaCola Profile
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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