Impact Partnership Wealth LLC Invests $687,000 in CocaCola Company (The) $KO

Impact Partnership Wealth LLC purchased a new position in shares of CocaCola Company (The) (NYSE:KO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,834 shares of the company’s stock, valued at approximately $687,000.

Several other large investors have also recently bought and sold shares of KO. Norges Bank purchased a new position in CocaCola in the fourth quarter worth $3,865,807,000. Vanguard Group Inc. raised its position in CocaCola by 1.6% in the fourth 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 in the last quarter. Franklin Resources Inc. raised its position in CocaCola by 15.1% in the third quarter. Franklin Resources Inc. now owns 39,094,276 shares of the company’s stock worth $2,592,732,000 after acquiring an additional 5,135,198 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in CocaCola in the fourth quarter worth $260,916,000. Finally, Danske Bank A S purchased a new position in CocaCola in the third quarter worth $226,443,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Stock Down 1.8%

CocaCola stock opened at $78.96 on Friday. 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 firm has a market capitalization of $339.71 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 3.16 and a beta of 0.35. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $82.66. The stock’s fifty day moving average is $77.75 and its two-hundred day moving average is $75.06.

CocaCola (NYSE:KO) last posted 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. The company had revenue of $12.47 billion for the quarter, compared to analyst estimates of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.CocaCola’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Analysts predict that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.7%. CocaCola’s dividend payout ratio (DPR) is presently 66.67%.

Insider Buying and Selling at CocaCola

In related news, insider Bruno Pietracci sold 28,765 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total transaction of $2,284,228.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman James Quincey sold 200,000 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $78.90, for a total value of $15,780,000.00. Following the sale, the chairman directly owned 78,155 shares in the company, valued at approximately $6,166,429.50. The trade was a 71.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 630,963 shares of company stock valued at $50,016,979. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company increased their price objective on CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Barclays upped their target price on CocaCola from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Morgan Stanley set a $88.00 target price on CocaCola in a report on Wednesday, March 11th. Weiss Ratings raised CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Finally, Citigroup upped their target price on CocaCola from $90.00 to $91.00 and gave the company a “buy” rating in a report on Monday, May 18th. Fifteen analysts have rated the stock with a Buy rating, According to MarketBeat, CocaCola presently has an average rating of “Buy” and a consensus price target of $86.80.

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.