Healthcare of Ontario Pension Plan Trust Fund Sells 529,817 Shares of CocaCola Company (The) $KO

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of CocaCola Company (The) (NYSE:KO) by 56.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 407,892 shares of the company’s stock after selling 529,817 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CocaCola were worth $28,516,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 5,886,352 shares during the period. State Street Corp increased its position in shares of CocaCola by 1.2% during the 4th quarter. State Street Corp now owns 167,850,330 shares of the company’s stock worth $11,734,417,000 after purchasing an additional 1,992,327 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CocaCola by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 89,984,203 shares of the company’s stock worth $6,273,037,000 after purchasing an additional 433,547 shares in the last quarter. Norges Bank acquired a new stake in shares of CocaCola during the 4th quarter worth about $3,865,807,000. Finally, Franklin Resources Inc. increased its position in shares of CocaCola by 3.1% during the 4th quarter. Franklin Resources Inc. now owns 40,289,857 shares of the company’s stock worth $2,816,697,000 after purchasing an additional 1,195,581 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling at CocaCola

In other news, Chairman James Quincey sold 436,296 shares of CocaCola stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the completion of the sale, the chairman owned 122,833 shares in the company, valued at $9,842,608.29. The trade was a 78.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 23,984 shares of CocaCola stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $83.41, for a total transaction of $2,000,505.44. Following the sale, the executive vice president owned 157,400 shares of the company’s stock, valued at approximately $13,128,734. This represents a 13.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 899,905 shares of company stock worth $71,832,315. 0.90% of the stock is currently owned by corporate insiders.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analysts and market commentators continue to highlight Coca-Cola as a defensive consumer-staples name that can hold up well during inflation and market volatility, which may be attracting buyers seeking stability. Article: 4 Low-Beta Consumer Staples Stocks to Navigate Through Surging Inflation
• Positive Sentiment: Coca-Cola’s cost-saving initiatives and operating efficiencies are being credited with supporting profitability and helping offset commodity inflation, which is constructive for margins. Article: Are Coca-Cola’s Cost-Saving Initiatives Boosting Profitability?
• Positive Sentiment: Several recent articles frame KO as a reliable long-term dividend and income stock, reinforcing investor interest in the company’s steady cash-flow profile. Article: Want a Lifetime of Passive Income? Buy Coca-Cola in June and Never Sell.
• Neutral Sentiment: Market commentary also notes that KO has already run up sharply this year and hit new highs, so some investors may be pausing to reassess valuation after the rally. Article: Coca Cola at 52-Week High: Buy, Sell or Hold?
• Negative Sentiment: The latest trading-day weakness appears tied more to profit-taking and rotation within the market than to any company-specific setback, with KO pulling back while broader markets were firmer. Article: Coca-Cola (KO) Stock Falls Amid Market Uptick: What Investors Need to Know

CocaCola Trading Down 2.0%

KO opened at $80.94 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $348.24 billion, a PE ratio of 25.45, a PEG ratio of 3.30 and a beta of 0.35. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $84.04. The firm has a 50-day moving average price of $78.79 and a two-hundred day moving average price of $75.76.

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

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, June 15th. CocaCola’s dividend payout ratio (DPR) is presently 66.67%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KO shares. Jefferies Financial Group increased their target price on shares of CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Weiss Ratings upgraded shares of CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 4th. TD Cowen increased their target price on shares of CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Citigroup increased their target price on shares of CocaCola from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, UBS Group increased their target price on shares of CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Fifteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $86.69.

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.