Empire Life Investments Inc. raised its position in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 57.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 279,447 shares of the company’s stock after acquiring an additional 102,210 shares during the quarter. Empire Life Investments Inc.’s holdings in CocaCola were worth $19,536,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Anfield Capital Management LLC raised its holdings in CocaCola by 438.8% in the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after purchasing an additional 294 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of CocaCola during the 2nd quarter valued at $26,000. Daytona Street Capital LLC bought a new stake in shares of CocaCola during the 4th quarter valued at $29,000. Cloud Capital Management LLC purchased a new stake in shares of CocaCola in the 3rd quarter worth about $27,000. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of CocaCola in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.
CocaCola Stock Performance
Shares of KO stock opened at $80.07 on Wednesday. The company has a market capitalization of $344.50 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 3.14 and a beta of 0.35. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. CocaCola Company has a one year low of $65.35 and a one year high of $82.00. The company’s 50-day moving average is $76.92 and its 200 day moving average is $74.03.
CocaCola Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a $0.53 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.12 annualized dividend and a yield of 2.6%. CocaCola’s dividend payout ratio is 66.67%.
Wall Street Analysts Forecast Growth
KO has been the subject of a number of recent research reports. Barclays lifted their price target on shares of CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 4th. Royal Bank Of Canada set a $87.00 target price on shares of CocaCola in a report on Wednesday, February 11th. Citigroup boosted their price target on CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on CocaCola from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. Fifteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $86.27.
Read Our Latest Stock Report on CocaCola
More CocaCola News
Here are the key news stories impacting CocaCola this week:
- Positive Sentiment: Coca-Cola is being viewed as a potential beneficiary of growing demand in energy and functional beverages, with investors focusing on its innovation efforts and Monster partnership as possible growth catalysts. Coca-Cola’s Energy Drink Expansion: Growth Catalyst Ahead?
- Positive Sentiment: The company’s recent earnings beat, solid revenue growth, and steady dividend outlook continue to support the stock’s defensive appeal, especially as investors favor consumer staples in uncertain markets.
- Neutral Sentiment: Analysts remain broadly constructive, with several recent price-target increases and a consensus Buy rating, which helps reinforce confidence in Coca-Cola’s longer-term outlook.
- Negative Sentiment: Concerns emerged over a Diet Coke shortage in parts of India, where aluminum can supply disruptions are limiting availability and highlighting geopolitical and supply-chain risk for Coca-Cola’s global operations. There’s a Diet Coke shortage in India. What’s going on?
- Negative Sentiment: Chairman James Quincey sold 200,000 shares in a recent insider transaction, which can weigh on sentiment even though insider sales do not necessarily signal a change in business fundamentals. CocaCola (NYSE:KO) Chairman Sells $15,780,000.00 in Stock
Insiders Place Their Bets
In other CocaCola news, CEO James Quincey sold 250,688 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.14, for a total transaction of $19,839,448.32. Following the sale, the chief executive officer directly owned 278,155 shares in the company, valued at approximately $22,013,186.70. This trade represents a 47.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John Murphy sold 99,437 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $80.42, for a total value of $7,996,723.54. Following the completion of the transaction, the chief financial officer owned 410,550 shares of the company’s stock, valued at $33,016,431. This represents a 19.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 755,101 shares of company stock worth $59,988,566 in the last three months. Corporate insiders own 0.90% of the company’s stock.
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.
Read More
- Five stocks we like better than CocaCola
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO – Free Report).
Receive News & Ratings for CocaCola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CocaCola and related companies with MarketBeat.com's FREE daily email newsletter.
