DoubleLine ETF Adviser LP Makes New Investment in CocaCola Company (The) $KO

DoubleLine ETF Adviser LP purchased a new stake in shares of CocaCola Company (The) (NYSE:KO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 74,321 shares of the company’s stock, valued at approximately $4,929,000. CocaCola comprises about 1.5% of DoubleLine ETF Adviser LP’s investment portfolio, making the stock its 14th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Summitry LLC boosted its position in CocaCola by 1.9% in the 2nd quarter. Summitry LLC now owns 7,865 shares of the company’s stock valued at $556,000 after buying an additional 149 shares during the last quarter. Ashton Thomas Securities LLC raised its position in shares of CocaCola by 1.2% during the third quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock worth $835,000 after acquiring an additional 149 shares during the last quarter. Diversified Enterprises LLC raised its position in shares of 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 acquiring an additional 150 shares during the last quarter. Capital Management Associates Inc lifted its stake in shares of CocaCola by 4.0% during the third quarter. Capital Management Associates Inc now owns 3,915 shares of the company’s stock valued at $260,000 after acquiring an additional 150 shares during the period. Finally, Parsons Capital Management Inc. RI boosted its holdings in CocaCola by 0.6% in the third quarter. Parsons Capital Management Inc. RI now owns 23,992 shares of the company’s stock valued at $1,591,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In related news, EVP Nancy Quan sold 23,556 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.50, for a total value of $1,872,702.00. Following the completion of the sale, the executive vice president owned 223,330 shares in the company, valued at $17,754,735. This represents a 9.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bruno Pietracci sold 28,765 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total value of $2,284,228.65. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 892,925 shares of company stock valued at $70,254,796. 0.97% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on KO. UBS Group boosted their price objective on CocaCola from $82.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Truist Financial set a $85.00 target price on shares of CocaCola in a research note on Wednesday, February 11th. Morgan Stanley set a $88.00 price target on shares of CocaCola in a research note on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Thursday, January 22nd. Finally, Barclays raised their price objective on shares of CocaCola from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $84.40.

CocaCola Trading Down 0.4%

NYSE:KO opened at $77.34 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $82.00. The firm has a market capitalization of $332.60 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 3.24 and a beta of 0.35. The business’s 50-day moving average price is $75.64 and its two-hundred day moving average price is $71.39.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, equities analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Increases Dividend

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

CocaCola Company 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.