CocaCola Company (The) $KO Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC decreased its position in CocaCola Company (The) (NYSE:KO) by 9.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 69,954 shares of the company’s stock after selling 7,389 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in CocaCola were worth $4,890,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. King Luther Capital Management Corp grew its holdings in CocaCola by 0.8% in the fourth quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company’s stock valued at $269,330,000 after purchasing an additional 31,694 shares during the last quarter. Employees Retirement System of Texas grew its holdings in CocaCola by 0.8% in the fourth quarter. Employees Retirement System of Texas now owns 1,629,273 shares of the company’s stock valued at $113,902,000 after purchasing an additional 13,291 shares during the last quarter. Syverson Strege & Co grew its holdings in CocaCola by 9.5% in the fourth quarter. Syverson Strege & Co now owns 4,530 shares of the company’s stock valued at $317,000 after purchasing an additional 393 shares during the last quarter. TrustBank acquired a new stake in CocaCola in the fourth quarter valued at $598,000. Finally, Flputnam Investment Management Co. grew its holdings in CocaCola by 127.0% in the fourth quarter. Flputnam Investment Management Co. now owns 401,133 shares of the company’s stock valued at $28,043,000 after purchasing an additional 224,391 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman James Quincey sold 200,000 shares of the 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 transaction, the chairman directly owned 78,155 shares in the company, valued at approximately $6,166,429.50. This represents a 71.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO John Murphy sold 72,449 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 279,917 shares in the company, valued at $22,538,916.84. This trade represents a 20.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 630,963 shares of company stock valued at $50,016,979. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Evercore reissued an “outperform” rating and issued a $85.00 target price on shares of CocaCola in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft upped their target price on CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a report on Monday, March 30th. Weiss Ratings raised CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Royal Bank Of Canada set a $87.00 target price on CocaCola in a report on Wednesday, February 11th. Finally, Wells Fargo & Company upped their target price on CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Fifteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $86.80.

CocaCola Stock Up 1.5%

Shares of NYSE:KO opened at $81.65 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $82.66. The stock’s fifty day simple moving average is $77.63 and its 200-day simple moving average is $74.96. The company has a market capitalization of $351.29 billion, a P/E ratio of 25.68, a P/E/G ratio of 3.22 and a beta of 0.35.

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

CocaCola Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. CocaCola’s dividend payout ratio is currently 66.67%.

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.