TrustBank Makes New $598,000 Investment in CocaCola Company (The) $KO

TrustBank acquired a new position in CocaCola Company (The) (NYSE:KO) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 8,561 shares of the company’s stock, valued at approximately $598,000.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position 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. State Street Corp raised its holdings in shares of CocaCola by 0.6% in the 3rd quarter. State Street Corp now owns 165,858,003 shares of the company’s stock worth $11,083,296,000 after buying an additional 923,278 shares in the last quarter. Franklin Resources Inc. raised 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 buying an additional 5,135,198 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of CocaCola by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 28,051,787 shares of the company’s stock worth $1,860,395,000 after buying an additional 770,235 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of CocaCola by 5.5% in the 3rd quarter. Invesco Ltd. now owns 26,721,843 shares of the company’s stock worth $1,772,193,000 after buying an additional 1,393,760 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KO. Wells Fargo & Company increased their target price on CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. UBS Group increased their target price on CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Citigroup increased their target price on CocaCola from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Royal Bank Of Canada set a $87.00 target price on CocaCola in a report on Wednesday, February 11th. Finally, Barclays increased their target price on CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Fifteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, CocaCola has a consensus rating of “Buy” and a consensus price target of $86.80.

Insider Buying and Selling

In other news, EVP Monica Howard Douglas sold 23,880 shares of CocaCola stock in a transaction on Monday, March 9th. The stock was 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 of the company’s stock, valued at approximately $1,371,383.25. This trade represents a 57.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bruno Pietracci sold 28,765 shares of CocaCola 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 652,289 shares of company stock worth $51,739,054. 0.90% of the stock is currently owned by company insiders.

CocaCola Trading Down 1.1%

KO stock opened at $80.60 on Wednesday. The business has a fifty day moving average price of $77.55 and a 200 day moving average price of $74.87. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $82.66. The stock has a market capitalization of $346.78 billion, a price-to-earnings ratio of 25.35, 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.

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

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend 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%.

CocaCola 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.