Bollard Group LLC Raises Stock Holdings in CocaCola Company (The) $KO

Bollard Group LLC lifted its stake in shares of CocaCola Company (The) (NYSE:KO) by 4.8% in the third quarter, Holdings Channel reports. The institutional investor owned 289,249 shares of the company’s stock after buying an additional 13,168 shares during the quarter. CocaCola accounts for approximately 0.5% of Bollard Group LLC’s portfolio, making the stock its 29th biggest position. Bollard Group LLC’s holdings in CocaCola were worth $19,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Summitry LLC raised its stake in CocaCola by 1.9% during the second quarter. Summitry LLC now owns 7,865 shares of the company’s stock valued at $556,000 after buying an additional 149 shares in the last quarter. Ashton Thomas Securities LLC raised its position in shares of CocaCola by 1.2% during the 3rd quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock valued at $835,000 after acquiring an additional 149 shares in the last quarter. Diversified Enterprises LLC lifted its stake in CocaCola by 1.0% during the third quarter. Diversified Enterprises LLC now owns 14,656 shares of the company’s stock worth $972,000 after purchasing an additional 150 shares during the last quarter. Capital Management Associates Inc boosted its holdings in CocaCola by 4.0% in the third quarter. Capital Management Associates Inc now owns 3,915 shares of the company’s stock worth $260,000 after purchasing an additional 150 shares during the period. Finally, Parsons Capital Management Inc. RI increased its stake in CocaCola by 0.6% during the third quarter. Parsons Capital Management Inc. RI now owns 23,992 shares of the company’s stock valued at $1,591,000 after purchasing an additional 150 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup increased their target price on shares of CocaCola from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Jefferies Financial Group lowered their price objective on shares of CocaCola from $88.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. TD Cowen reiterated a “buy” rating on shares of CocaCola in a research note on Wednesday, February 11th. Royal Bank Of Canada set a $87.00 target price on shares of CocaCola in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. lifted their target price on CocaCola from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $84.40.

Insider Activity at CocaCola

In related news, CEO James Quincey sold 250,688 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.14, for a total value of $19,839,448.32. Following the completion of the sale, the chief executive officer owned 278,155 shares of the company’s stock, valued at $22,013,186.70. This represents a 47.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bruno Pietracci sold 28,765 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total transaction of $2,284,228.65. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 892,925 shares of company stock valued at $70,254,796. Company insiders own 0.97% of the company’s stock.

CocaCola Stock Performance

Shares of KO opened at $77.34 on Friday. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $82.00. The company has a market cap of $332.60 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 3.24 and a beta of 0.35. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.46. The firm has a fifty day moving average of $75.64 and a 200-day moving average of $71.39.

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

CocaCola Increases Dividend

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

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.