Suvretta Capital Management LLC Purchases 221,850 Shares of CocaCola Company (The) $KO

Suvretta Capital Management LLC boosted its holdings in CocaCola Company (The) (NYSE:KO) by 18.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,455,080 shares of the company’s stock after acquiring an additional 221,850 shares during the quarter. CocaCola comprises about 2.5% of Suvretta Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Suvretta Capital Management LLC’s holdings in CocaCola were worth $96,501,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KO. Headlands Technologies LLC acquired a new position in shares of CocaCola in the 2nd quarter worth approximately $26,000. Marquette Asset Management LLC acquired a new stake in CocaCola during the third quarter valued at approximately $27,000. Cloud Capital Management LLC bought a new stake in CocaCola during the third quarter worth approximately $27,000. Redmont Wealth Advisors LLC bought a new stake in CocaCola during the third quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC acquired a new position in CocaCola in the third quarter worth approximately $34,000. Institutional investors own 70.26% of the company’s stock.

CocaCola Trading Down 0.4%

NYSE KO opened at $77.34 on Friday. The firm’s 50 day moving average price is $75.64 and its two-hundred day moving average price is $71.37. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.46. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $82.00. The stock has a market cap of $332.60 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 3.25 and a beta of 0.35.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $11.82 billion during the quarter, compared to analyst estimates of $12.04 billion. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. Equities analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, March 13th. This is a boost from CocaCola’s previous quarterly dividend of $0.51. CocaCola’s dividend payout ratio is 67.11%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KO shares. Citigroup increased their price objective on CocaCola from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Jefferies Financial Group decreased their target price on CocaCola from $88.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Barclays boosted their target price on CocaCola from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Thursday, January 22nd. Finally, UBS Group lifted their price target on CocaCola from $82.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $84.40.

Insider Activity at CocaCola

In other CocaCola news, CFO John Murphy sold 99,437 shares of CocaCola stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $80.42, for a total transaction of $7,996,723.54. Following the transaction, the chief financial officer owned 410,550 shares of the company’s stock, valued at $33,016,431. The trade was a 19.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Nancy Quan sold 23,556 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.50, for a total transaction of $1,872,702.00. Following the transaction, the executive vice president directly owned 223,330 shares in the company, valued at $17,754,735. The trade was a 9.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 892,925 shares of company stock worth $70,254,796. Company insiders own 0.97% 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.