Legal & General Group Plc Grows Holdings in CocaCola Company (The) $KO

Legal & General Group Plc increased its holdings in shares of CocaCola Company (The) (NYSE:KOFree Report) by 2.8% in the third quarter, Holdings Channel reports. The firm owned 28,051,787 shares of the company’s stock after buying an additional 770,235 shares during the quarter. Legal & General Group Plc’s holdings in CocaCola were worth $1,860,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Summitry LLC raised its holdings in shares of CocaCola by 1.9% in 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 during the last quarter. Ashton Thomas Securities LLC boosted its stake 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 buying an additional 149 shares during the period. Diversified Enterprises LLC grew its holdings 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 buying an additional 150 shares during the last quarter. Capital Management Associates Inc grew its holdings 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 worth $260,000 after buying an additional 150 shares during the last quarter. Finally, Parsons Capital Management Inc. RI increased its position in CocaCola by 0.6% in the 3rd 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 period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about CocaCola

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CocaCola Price Performance

Shares of KO opened at $77.85 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23. The stock’s 50 day moving average is $75.01 and its two-hundred day moving average is $71.17. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $82.00. The firm has a market capitalization of $334.80 billion, a PE ratio of 25.61, a P/E/G ratio of 3.23 and a beta of 0.35.

CocaCola (NYSE:KOGet Free Report) last issued its earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $11.82 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $0.55 EPS. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. Research analysts anticipate that CocaCola Company will post 2.96 earnings per share 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 $0.53 dividend. The ex-dividend date is Friday, March 13th. This is a positive change from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 2.7%. CocaCola’s dividend payout ratio (DPR) is currently 67.11%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citigroup increased their price objective on CocaCola from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Truist Financial set a $85.00 target price on CocaCola in a report on Wednesday, February 11th. TD Cowen reaffirmed a “buy” rating on shares of CocaCola in a report on Wednesday, February 11th. Barclays lifted their price objective on shares of CocaCola from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, UBS Group boosted their price objective on shares of CocaCola from $82.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $84.33.

View Our Latest Stock Report on CocaCola

Insider Buying and Selling

In other news, EVP Nancy Quan sold 23,556 shares of CocaCola 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 completion of the sale, the executive vice president directly owned 223,330 shares in the company, valued at approximately $17,754,735. This trade represents a 9.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Beatriz R. Perez sold 21,326 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $80.75, for a total value of $1,722,074.50. Following the sale, the executive vice president directly owned 173,728 shares in the company, valued at $14,028,536. This trade represents a 10.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 869,045 shares of company stock valued at $68,407,201 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

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.

See Also

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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