Baader Bank Aktiengesellschaft Sells 7,303 Shares of CocaCola Company (The) $KO

Baader Bank Aktiengesellschaft lowered its stake in shares of CocaCola Company (The) (NYSE:KO) by 35.0% during the fourth quarter, HoldingsChannel reports. The firm owned 13,574 shares of the company’s stock after selling 7,303 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in CocaCola were worth $923,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KO. Vanguard Group Inc. raised its stake in shares of CocaCola by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 374,771,512 shares of the company’s stock worth $26,200,276,000 after purchasing an additional 5,886,352 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of CocaCola by 15.1% during the 3rd quarter. Franklin Resources Inc. now owns 39,094,276 shares of the company’s stock worth $2,592,732,000 after purchasing an additional 5,135,198 shares in the last quarter. Danske Bank A S bought a new stake in shares of CocaCola during the 3rd quarter worth approximately $226,443,000. PFA Pension Forsikringsaktieselskab bought a new stake in shares of CocaCola during the 4th quarter worth approximately $179,167,000. Finally, Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of CocaCola during the 3rd quarter worth approximately $161,130,000. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

KO has been the topic of a number of analyst reports. Evercore reiterated an “outperform” rating and set a $85.00 price objective on shares of CocaCola in a research note on Wednesday, February 11th. Truist Financial set a $85.00 target price on CocaCola in a report on Wednesday, February 11th. Royal Bank Of Canada set a $87.00 price target on CocaCola in a research report on Wednesday, February 11th. Morgan Stanley set a $88.00 price target on CocaCola in a research report on Wednesday, March 11th. Finally, Wells Fargo & Company raised their price objective on CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Fifteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $86.27.

Insider Buying and Selling

In related news, insider Bruno Pietracci sold 28,765 shares of CocaCola stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total value of $2,284,228.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO John Murphy sold 99,437 shares of CocaCola stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $80.42, for a total value of $7,996,723.54. Following the completion of the transaction, the chief financial officer directly owned 410,550 shares in the company, valued at approximately $33,016,431. This represents a 19.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 755,101 shares of company stock valued at $59,988,566 over the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

CocaCola Price Performance

CocaCola stock opened at $80.42 on Friday. The stock’s 50 day moving average is $76.95 and its 200 day moving average is $74.18. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The firm has a market cap of $346.00 billion, a P/E ratio of 25.29, a P/E/G ratio of 3.21 and a beta of 0.35. CocaCola Company has a one year low of $65.35 and a one year high of $82.00.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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%.The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, research analysts expect that CocaCola Company will post 3.26 EPS for the current 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 $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s 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.