Meiji Yasuda America Inc Purchases Shares of 89,218 CocaCola Company (The) $KO

Meiji Yasuda America Inc bought a new position in CocaCola Company (The) (NYSE:KOFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 89,218 shares of the company’s stock, valued at approximately $6,237,000. CocaCola comprises about 1.4% of Meiji Yasuda America Inc’s investment portfolio, making the stock its 19th biggest holding.

Several other large investors have also made changes to their positions in KO. Anfield Capital Management LLC grew its holdings in shares of CocaCola by 438.8% in the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after purchasing an additional 294 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of CocaCola in the 2nd quarter worth about $26,000. Evolution Wealth Management Inc. grew its holdings in shares of CocaCola by 1,081.8% in the 4th 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 last quarter. Daytona Street Capital LLC bought a new stake in shares of CocaCola in the 4th quarter worth about $29,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of CocaCola in the 3rd quarter worth about $30,000. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Down 1.1%

Shares of NYSE:KO opened at $82.65 on Friday. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $84.04. The company’s 50-day moving average price is $78.58 and its two-hundred day moving average price is $75.63. 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 $355.58 billion, a P/E ratio of 25.99, a P/E/G ratio of 3.34 and a beta of 0.35.

CocaCola (NYSE:KOGet Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The firm had revenue of $12.47 billion for the quarter, compared to analyst estimates of $12.24 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The company’s revenue was up 11.4% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, research analysts forecast that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Announces Dividend

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

Insider Buying and Selling at CocaCola

In other CocaCola news, 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 in the company, valued at approximately $9,842,608.29. This represents a 78.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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. Also, EVP Jennifer K. Mann sold 100,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $79.46, for a total transaction of $7,946,000.00. Following the transaction, the executive vice president owned 207,400 shares in the company, valued at approximately $16,480,004. The trade was a 32.53% decrease in their ownership of the stock. 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 three months, insiders have sold 875,921 shares of company stock worth $69,831,810. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barclays upped their target price on shares of CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. TD Cowen upped 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. JPMorgan Chase & Co. increased their price objective on shares of CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Morgan Stanley set a $89.00 price objective on shares of CocaCola in a report on Wednesday. Finally, Sanford C. Bernstein began coverage on shares of CocaCola in a report on Thursday. They set a “market perform” rating and a $84.00 price objective on the stock. Fifteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, CocaCola presently has a consensus rating of “Moderate Buy” and an average target price of $86.69.

View Our Latest Stock Analysis on CocaCola

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

CocaCola Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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