Pinnbrook Capital Management LP Invests $2.28 Million in CocaCola Company (The) $KO

Pinnbrook Capital Management LP bought a new position in shares of CocaCola Company (The) (NYSE:KOFree Report) during the 4th quarter, Holdings Channel reports. The firm bought 32,667 shares of the company’s stock, valued at approximately $2,284,000.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in CocaCola by 38.1% in the fourth quarter. Farther Finance Advisors LLC now owns 111,598 shares of the company’s stock valued at $7,802,000 after acquiring an additional 30,786 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in CocaCola by 82.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 49,700 shares of the company’s stock valued at $3,296,000 after acquiring an additional 22,444 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in CocaCola by 2.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock valued at $136,086,000 after acquiring an additional 57,407 shares during the last quarter. Nicola Wealth Management LTD. boosted its holdings in CocaCola by 42.3% in the third quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock valued at $12,269,000 after acquiring an additional 55,000 shares during the last quarter. Finally, Atlantic Union Bankshares Corp boosted its holdings in CocaCola by 19.9% in the third quarter. Atlantic Union Bankshares Corp now owns 120,866 shares of the company’s stock valued at $8,016,000 after acquiring an additional 20,032 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Key CocaCola News

Here are the key news stories impacting CocaCola this week:

Insiders Place Their Bets

In related news, CFO John Murphy sold 72,449 shares of CocaCola stock in a transaction that occurred on Monday, March 2nd. The stock was 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 of the company’s stock, valued at approximately $22,538,916.84. This trade represents a 20.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Monica Howard Douglas sold 23,880 shares of CocaCola stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $77.37, for a total value of $1,847,595.60. Following the completion of the sale, the executive vice president directly owned 17,725 shares in the company, valued at approximately $1,371,383.25. This represents a 57.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 786,726 shares of company stock worth $62,547,977 in the last 90 days. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup raised their price target on CocaCola from $90.00 to $91.00 and gave the company a “buy” rating in a report on Monday. Jefferies Financial Group raised their price target on CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 16th. Royal Bank Of Canada set a $87.00 target price on CocaCola in a research note on Wednesday, February 11th. UBS Group increased their target price on CocaCola from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley set a $88.00 target price on CocaCola in a research note on Wednesday, March 11th. Fifteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $86.80.

View Our Latest Stock Analysis on KO

CocaCola Trading Down 0.4%

NYSE KO opened at $81.21 on Friday. The firm has a market cap of $349.41 billion, a P/E ratio of 25.54, a P/E/G ratio of 3.26 and a beta of 0.35. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The stock’s 50-day moving average is $77.33 and its 200-day moving average is $74.60. CocaCola Company has a one year low of $65.35 and a one year high of $82.66.

CocaCola (NYSE:KOGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $12.47 billion for 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%.CocaCola’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Sell-side analysts anticipate that CocaCola Company will post 3.26 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently announced 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. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s dividend payout ratio (DPR) is currently 66.67%.

CocaCola Company Profile

(Free Report)

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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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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