CocaCola Company (The) $KO Shares Purchased by Employees Retirement System of Texas

Employees Retirement System of Texas lifted its stake in CocaCola Company (The) (NYSE:KO) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,629,273 shares of the company’s stock after acquiring an additional 13,291 shares during the period. CocaCola comprises about 0.9% of Employees Retirement System of Texas’ holdings, making the stock its 22nd biggest position. Employees Retirement System of Texas’ holdings in CocaCola were worth $113,902,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KO. Brighton Jones LLC grew its holdings in shares of CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after buying an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after acquiring an additional 293 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in CocaCola in the 1st quarter worth $210,000. Jump Financial LLC grew its stake in CocaCola by 450.5% during the 2nd quarter. Jump Financial LLC now owns 39,583 shares of the company’s stock valued at $2,800,000 after purchasing an additional 32,392 shares during the last quarter. Finally, Osterweis Capital Management Inc. grew its stake in CocaCola by 548.2% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,063 shares of the company’s stock valued at $75,000 after purchasing an additional 899 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KO. UBS Group raised their price objective on CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley set a $88.00 target price on CocaCola in a research report on Wednesday, March 11th. JPMorgan Chase & Co. increased their price target on shares of CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Royal Bank Of Canada set a $87.00 price target on shares of CocaCola in a research report on Wednesday, February 11th. Finally, Jefferies Financial Group lifted their price objective on shares of CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Fifteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $86.80.

CocaCola Stock Performance

Shares of KO stock opened at $80.60 on Wednesday. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $82.66. 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 stock has a market cap of $346.78 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 3.26 and a beta of 0.35. The business has a 50-day simple moving average of $77.55 and a 200-day simple moving average of $74.87.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $12.47 billion for the quarter, compared to analyst estimates of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.CocaCola’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, equities analysts expect that CocaCola Company will post 3.26 EPS for the current year.

CocaCola Dividend Announcement

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

Insider Activity

In related news, CFO John Murphy sold 72,449 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $80.52, for a total value of $5,833,593.48. Following the completion of the transaction, the chief financial officer directly owned 279,917 shares in the company, valued at $22,538,916.84. The trade was a 20.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bruno Pietracci sold 28,765 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total transaction of $2,284,228.65. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 652,289 shares of company stock worth $51,739,054. 0.90% of the stock is currently owned by corporate insiders.

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.