Qsemble Capital Management LP boosted its position in CocaCola Company (The) (NYSE:KO – Free Report) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 162,862 shares of the company’s stock after purchasing an additional 8,588 shares during the quarter. CocaCola comprises approximately 0.9% of Qsemble Capital Management LP’s investment portfolio, making the stock its 12th biggest holding. Qsemble Capital Management LP’s holdings in CocaCola were worth $11,386,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. lifted its position in CocaCola by 1.2% in the fourth quarter. Center for Financial Planning Inc. now owns 23,267 shares of the company’s stock worth $1,627,000 after purchasing an additional 278 shares during the period. Lawood & Co. acquired a new stake in shares of CocaCola during the 4th quarter valued at $1,595,000. Novare Capital Management LLC lifted its position in shares of CocaCola by 11.8% during the 4th quarter. Novare Capital Management LLC now owns 18,371 shares of the company’s stock valued at $1,284,000 after acquiring an additional 1,941 shares during the last quarter. AlphaCore Capital LLC lifted its position in shares of CocaCola by 27.2% during the 4th quarter. AlphaCore Capital LLC now owns 25,637 shares of the company’s stock valued at $1,792,000 after acquiring an additional 5,475 shares during the last quarter. Finally, Richard Young Associates Ltd. acquired a new stake in shares of CocaCola during the 4th quarter valued at $1,066,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, insider Bruno Pietracci sold 28,765 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total value of $2,284,228.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 23,556 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.50, for a total transaction of $1,872,702.00. Following the completion of the transaction, the executive vice president directly owned 223,330 shares in the company, valued at $17,754,735. This trade represents a 9.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 755,101 shares of company stock valued at $59,988,566. 0.90% of the stock is currently owned by company insiders.
CocaCola Price Performance
CocaCola (NYSE:KO – Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $12.47 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Equities analysts forecast that CocaCola Company will post 3.26 EPS for the current fiscal year.
CocaCola Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.53 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.6%. CocaCola’s dividend payout ratio is presently 66.67%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Citigroup increased their price objective on CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Morgan Stanley set a $88.00 price objective on CocaCola in a research report on Wednesday, March 11th. Truist Financial set a $85.00 price objective on CocaCola in a research report on Wednesday, February 11th. Wells Fargo & Company increased their price objective on CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Finally, Royal Bank Of Canada set a $87.00 price objective on CocaCola in a research report on Wednesday, February 11th. Fifteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $86.27.
Read Our Latest Stock Analysis on KO
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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