CocaCola Company (The) $KO Stake Lifted by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in CocaCola Company (The) (NYSE:KO) by 14.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 281,764 shares of the company’s stock after buying an additional 34,860 shares during the quarter. Intech Investment Management LLC’s holdings in CocaCola were worth $19,698,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Anfield Capital Management LLC lifted its position in 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 purchasing an additional 294 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of CocaCola in the second quarter valued at approximately $26,000. Cloud Capital Management LLC bought a new stake in shares of CocaCola during the third quarter valued at approximately $27,000. Daytona Street Capital LLC bought a new stake in shares of CocaCola during the fourth quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of CocaCola during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling at CocaCola

In related news, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 223,330 shares in the company, valued at approximately $18,074,096.90. This trade represents a 12.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John Murphy sold 72,449 shares of CocaCola stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $80.52, for a total transaction of $5,833,593.48. Following the completion of the transaction, the chief financial officer owned 279,917 shares in the company, valued at approximately $22,538,916.84. This trade represents a 20.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 630,963 shares of company stock valued at $50,016,979. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on KO shares. Jefferies Financial Group raised their target price on CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Wells Fargo & Company increased their price target on CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Truist Financial set a $85.00 price objective on shares of CocaCola in a research note on Wednesday, February 11th. Evercore reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of CocaCola in a report on Wednesday, February 11th. Finally, Barclays increased their target price on shares of CocaCola from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Fifteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $86.80.

CocaCola Stock Down 1.4%

Shares of KO stock opened at $80.45 on Friday. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $82.66. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. The business’s fifty day moving average is $77.69 and its 200-day moving average is $75.03. The stock has a market cap of $346.13 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 3.26 and a beta of 0.35.

CocaCola (NYSE:KO) last announced its earnings results 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 return on equity of 40.55% and a net margin of 27.80%.The business had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $12.24 billion. During the same quarter last year, the business posted $0.73 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Equities analysts expect that CocaCola Company will post 3.26 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors 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 dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. CocaCola’s payout ratio is presently 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.