State of Wisconsin Investment Board trimmed its holdings in CocaCola Company (The) (NYSE:KO – Free Report) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,119,742 shares of the company’s stock after selling 79,026 shares during the period. State of Wisconsin Investment Board’s holdings in CocaCola were worth $148,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of KO. Anfield Capital Management LLC increased its holdings in shares of CocaCola by 438.8% in the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after acquiring an additional 294 shares during the period. Headlands Technologies LLC acquired a new position in shares of CocaCola in the 2nd quarter valued at $26,000. Evolution Wealth Management Inc. increased its stake in CocaCola by 1,081.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after buying an additional 357 shares during the period. Daytona Street Capital LLC acquired a new position in CocaCola in the 4th quarter valued at $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in CocaCola in the 3rd quarter valued at $30,000. 70.26% of the stock is owned by institutional investors and hedge funds.
CocaCola Price Performance
NYSE:KO opened at $80.29 on Wednesday. The firm has a market cap of $345.44 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 3.23 and a beta of 0.35. 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’s 50-day moving average is $78.86 and its two-hundred day moving average is $75.81. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $84.04.
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 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, June 15th. CocaCola’s dividend payout ratio is 66.67%.
Insider Buying and Selling at CocaCola
In other news, EVP Nancy Quan sold 31,625 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the transaction, the executive vice president directly owned 223,330 shares in the company, valued at $18,074,096.90. This represents a 12.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 100,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $79.46, for a total transaction of $7,946,000.00. Following the transaction, the executive vice president owned 207,400 shares in the company, valued at approximately $16,480,004. The trade was a 32.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 899,905 shares of company stock worth $71,832,315. Corporate insiders own 0.90% of the company’s stock.
Trending Headlines about CocaCola
Here are the key news stories impacting CocaCola this week:
- Positive Sentiment: Coca-Cola is exploring a possible IPO for Hindustan Coca-Cola Holdings, its largest bottler in India, as part of a refranchising push. That could unlock value, deepen local partnerships, and sharpen the company’s focus on its core brands. Coca-Cola (KO) Eyes India Bottling IPO In Refranchising Push
- Positive Sentiment: KO was highlighted multiple times as a defensive stock and a low-beta consumer staples pick, suggesting investors may be rotating toward its stability amid inflation and broader macro uncertainty. Inflationary Woes Continue Despite End of Iran War: 5 Defensive Picks
- Positive Sentiment: Analysts and commentators pointed to Coca-Cola’s strong brand power, dividend track record, and recent 52-week highs as reasons investors continue to buy the stock despite its valuation. 3 Dividend Stocks That Recently Hit 52-Highs to Buy in June
- Positive Sentiment: Coverage on Coca-Cola’s cost-saving initiatives suggested margins are being supported despite commodity inflation and supply-chain pressure, reinforcing the company’s profitability story. Are Coca-Cola’s Cost-Saving Initiatives Boosting Profitability?
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on KO. Jefferies Financial Group upped their price target on shares of CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Citigroup boosted their price objective on shares of CocaCola from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Morgan Stanley set a $89.00 price objective on shares of CocaCola in a research report on Wednesday, June 10th. Sanford C. Bernstein initiated coverage on shares of CocaCola in a research report on Thursday, June 11th. They issued a “market perform” rating and a $84.00 price objective on the stock. Finally, TD Cowen boosted their price objective on shares of CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Fifteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.69.
Get Our Latest Report on CocaCola
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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