Meyer Handelman Co. Has $20.77 Million Stake in CocaCola Company (The) $KO

Meyer Handelman Co. reduced its stake in shares of CocaCola Company (The) (NYSE:KO) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,075 shares of the company’s stock after selling 7,380 shares during the period. Meyer Handelman Co.’s holdings in CocaCola were worth $20,767,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in KO. Anfield Capital Management LLC increased its holdings in shares of CocaCola by 438.8% during the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after acquiring an additional 294 shares during the last quarter. Headlands Technologies LLC acquired a new stake in CocaCola in the 2nd quarter worth approximately $26,000. Evolution Wealth Management Inc. boosted its position in CocaCola by 1,081.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after purchasing an additional 357 shares during the period. Daytona Street Capital LLC bought a new stake in CocaCola during the fourth quarter worth approximately $29,000. Finally, Elevated Capital Advisors LLC acquired a new position in CocaCola during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley set a $89.00 price target on shares of CocaCola in a research report on Wednesday, June 10th. Wells Fargo & Company raised their target price on shares of CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. TD Cowen lifted their target price on shares of CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of CocaCola from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, March 30th. Finally, Jefferies Financial Group raised their price target on CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Fifteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $86.69.

CocaCola Stock Down 0.3%

Shares of KO stock opened at $80.38 on Friday. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $84.04. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. The firm has a market cap of $345.85 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 3.22 and a beta of 0.35. The stock has a 50 day moving average of $79.29 and a 200-day moving average of $76.24.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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 business had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.24 billion. During the same quarter last year, the company posted $0.73 earnings per share. CocaCola’s quarterly revenue was up 11.4% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, equities analysts predict that CocaCola Company will post 3.26 EPS for the current year.

CocaCola Announces Dividend

The business also recently declared 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 currently 66.67%.

Insider Transactions at CocaCola

In other news, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the completion of the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at approximately $18,074,096.90. This represents a 12.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 436,296 shares of the company’s stock in a transaction dated 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 transaction, the chairman directly owned 122,833 shares of the company’s stock, valued at $9,842,608.29. This represents a 78.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last 90 days, insiders have sold 899,905 shares of company stock worth $71,832,315. 0.90% of the stock is currently owned by company insiders.

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.