CocaCola Company (The) $KO Stock Position Boosted by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc raised its position in CocaCola Company (The) (NYSE:KO) by 163.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 23,104 shares of the company’s stock after buying an additional 14,329 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in CocaCola were worth $2,034,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KO. Louisbourg Investments Inc. acquired a new position in shares of CocaCola during the 1st quarter worth about $25,000. Guardian Partners Inc. bought a new position in shares of CocaCola in the second quarter valued at $27,000. Horizons Wealth Management bought a new stake in CocaCola during the third quarter worth $31,000. Bard Associates Inc. acquired a new stake in CocaCola in the fourth quarter valued at $30,000. Finally, Atomic Invest LLC grew its position in shares of CocaCola by 38.7% in the 2nd quarter. Atomic Invest LLC now owns 437 shares of the company’s stock valued at $36,000 after acquiring an additional 122 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other CocaCola news, insider Bruno Pietracci sold 111,365 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $90.93, for a total transaction of $10,126,419.45. Following the transaction, the insider owned 41,365 shares in the company, valued at approximately $3,761,319.45. This represents a 72.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total value of $4,519,500.00. Following the completion of the sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $20,186,798.70. This trade represents a 18.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 926,620 shares of company stock valued at $83,075,714. Corporate insiders own 0.90% of the company’s stock.

CocaCola Trading Up 0.4%

Shares of KO stock traded up $0.38 during trading hours on Tuesday, hitting $90.17. 5,836,243 shares of the company’s stock traded hands, compared to its average volume of 16,824,453. The stock has a market cap of $387.95 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 3.43 and a beta of 0.32. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. CocaCola Company has a 12 month low of $66.75 and a 12 month high of $92.49. The stock’s 50 day simple moving average is $88.06 and its 200 day simple moving average is $82.93.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. CocaCola had a return on equity of 39.38% and a net margin of 28.56%. The company had revenue of $13.37 billion for the quarter, compared to analyst estimates of $13.17 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, sell-side analysts anticipate that CocaCola Company will post 3.30 EPS for the current year.

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.12 annualized dividend and a yield of 2.4%. CocaCola’s dividend payout ratio is currently 63.66%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Daiwa Securities Group boosted their target price on CocaCola from $83.00 to $93.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Wells Fargo & Company lowered their target price on CocaCola from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. CICC Research lifted their target price on CocaCola from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of CocaCola from a “buy (a-)” rating to a “buy (a+)” rating in a report on Thursday. Finally, Citigroup lifted their price objective on CocaCola from $97.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $95.95.

About CocaCola

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and other ready-to-drink products. The company’s best-known brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, Powerade, Minute Maid, fairlife, and Georgia Coffee.

Founded in 1886, the company develops, owns, licenses, markets, and distributes beverage brands through a network of bottling partners, distributors, retailers, and food-service operators.