Bessemer Group Inc. Has $110.52 Million Stock Holdings in CocaCola Company (The) $KO

Bessemer Group Inc. cut its position in CocaCola Company (The) (NYSE:KO) by 4.0% during the 4th quarter, HoldingsChannel reports. The firm owned 1,580,893 shares of the company’s stock after selling 65,965 shares during the quarter. Bessemer Group Inc.’s holdings in CocaCola were worth $110,522,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of 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 during the period. Headlands Technologies LLC acquired a new stake in CocaCola in the second quarter worth $26,000. Daytona Street Capital LLC acquired a new stake in CocaCola in the fourth quarter worth $29,000. Cloud Capital Management LLC acquired a new stake in CocaCola in the third quarter worth $27,000. Finally, Elevated Capital Advisors LLC acquired a new stake in CocaCola in the fourth quarter worth $30,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of CocaCola from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, March 30th. Truist Financial set a $85.00 price objective on shares of CocaCola in a report on Wednesday, February 11th. Jefferies Financial Group raised their price objective on shares of CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Finally, Wells Fargo & Company raised their price objective on shares of CocaCola from $79.00 to $87.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Fifteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $86.27.

CocaCola Stock Up 0.5%

CocaCola stock opened at $80.86 on Friday. The company has a market cap of $347.92 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 3.21 and a beta of 0.35. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $82.00. The company has a fifty day simple moving average of $77.00 and a 200 day simple moving average of $74.23. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The business had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $12.24 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Research analysts anticipate that CocaCola Company will post 3.26 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders 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 dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s dividend payout ratio (DPR) is 66.67%.

Insider Buying and Selling

In other news, EVP Monica Howard Douglas sold 23,880 shares of CocaCola 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 owned 17,725 shares of the company’s stock, valued at $1,371,383.25. This trade represents a 57.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bruno Pietracci sold 28,765 shares of CocaCola stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total transaction of $2,284,228.65. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 755,101 shares of company stock worth $59,988,566. Corporate insiders own 0.90% of the company’s stock.

CocaCola Company 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.