CocaCola Company (The) $KO Position Reduced by Rice Partnership LLC

Rice Partnership LLC trimmed its stake in shares of CocaCola Company (The) (NYSE:KOFree Report) by 20.3% during the fourth quarter, HoldingsChannel reports. The fund owned 86,294 shares of the company’s stock after selling 21,949 shares during the quarter. Rice Partnership LLC’s holdings in CocaCola were worth $6,033,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KO. Norges Bank acquired a new stake in shares of CocaCola during the fourth quarter worth $3,865,807,000. Vanguard Group Inc. increased its holdings in shares of CocaCola by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 374,771,512 shares of the company’s stock worth $26,200,276,000 after acquiring an additional 5,886,352 shares during the period. Franklin Resources Inc. increased its holdings in shares of CocaCola by 15.1% in the 3rd quarter. Franklin Resources Inc. now owns 39,094,276 shares of the company’s stock worth $2,592,732,000 after acquiring an additional 5,135,198 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in shares of CocaCola in the 4th quarter worth about $260,916,000. Finally, Danske Bank A S acquired a new stake in shares of CocaCola in the 3rd quarter worth about $226,443,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CocaCola news, EVP Monica Howard Douglas sold 23,880 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 17,725 shares in the company, valued at $1,371,383.25. This trade represents a 57.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman James Quincey sold 200,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $78.90, for a total transaction of $15,780,000.00. Following the completion of the transaction, the chairman owned 78,155 shares of the company’s stock, valued at approximately $6,166,429.50. The trade was a 71.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 255,505 shares of company stock worth $20,187,007 over the last ninety days. 0.90% of the stock is currently owned by company insiders.

Trending Headlines about CocaCola

Here are the key news stories impacting CocaCola this week:

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KO shares. Wells Fargo & Company increased their price objective on shares of CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Royal Bank Of Canada set a $87.00 target price on shares of CocaCola in a research report on Wednesday, February 11th. Citigroup increased their target price on shares of CocaCola from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft increased their target price on shares of CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, March 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Fifteen research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $86.80.

Check Out Our Latest Analysis on KO

CocaCola Stock Performance

NYSE:KO opened at $78.44 on Wednesday. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $82.66. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $77.81 and a 200-day moving average of $75.14. The firm has a market cap of $337.47 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 3.14 and a beta of 0.35.

CocaCola (NYSE:KOGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The company had revenue of $12.47 billion during the quarter, compared to analyst estimates of $12.24 billion. During the same quarter last year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Analysts forecast 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. Shareholders of record on Monday, June 15th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. CocaCola’s dividend payout ratio (DPR) is presently 66.67%.

CocaCola 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.

See Also

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:KOFree Report).

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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