AustralianSuper Pty Ltd Sells 6,398 Shares of CocaCola Company (The) $KO

AustralianSuper Pty Ltd trimmed its stake in CocaCola Company (The) (NYSE:KO) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 657,910 shares of the company’s stock after selling 6,398 shares during the period. AustralianSuper Pty Ltd’s holdings in CocaCola were worth $45,994,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC increased its position in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after buying an additional 293 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in CocaCola during the first quarter worth about $210,000. Jump Financial LLC grew its stake in CocaCola by 450.5% during the second quarter. Jump Financial LLC now owns 39,583 shares of the company’s stock worth $2,800,000 after buying an additional 32,392 shares during the last quarter. Finally, Osterweis Capital Management Inc. increased its holdings in shares of CocaCola by 548.2% during the second quarter. Osterweis Capital Management Inc. now owns 1,063 shares of the company’s stock worth $75,000 after buying an additional 899 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Trading Up 0.2%

KO opened at $80.42 on Friday. The firm’s fifty day moving average is $76.95 and its two-hundred day moving average is $74.18. The firm has a market cap of $346.00 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 3.21 and a beta of 0.35. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $82.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36.

CocaCola (NYSE:KO) last announced its quarterly earnings results 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 net margin of 27.80% and a return on equity of 40.55%. The company had revenue of $12.47 billion during the quarter, compared to analyst estimates of $12.24 billion. During the same quarter in the previous year, the business earned $0.73 EPS. The firm’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. Equities research analysts anticipate that CocaCola Company will post 3.26 EPS for the current 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 paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s dividend payout ratio is presently 66.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays boosted their target price on CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Royal Bank Of Canada set a $87.00 price target on CocaCola in a report on Wednesday, February 11th. Truist Financial set a $85.00 price objective on CocaCola in a research report on Wednesday, February 11th. 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. Finally, JPMorgan Chase & Co. raised their target price on CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Fifteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat, CocaCola currently has a consensus rating of “Buy” and an average target price of $86.27.

Insider Activity

In other news, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $77.37, for a total transaction of $1,847,595.60. Following the completion of the sale, the executive vice president owned 17,725 shares of the company’s stock, valued at $1,371,383.25. This represents a 57.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruno Pietracci sold 28,765 shares of the firm’s 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 755,101 shares of company stock worth $59,988,566. Corporate insiders own 0.90% of the company’s stock.

About CocaCola

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.