Stillwater Wealth Management Group acquired a new position in shares of CocaCola Company (The) (NYSE:KO – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 33,238 shares of the company’s stock, valued at approximately $2,204,000. CocaCola comprises approximately 1.5% of Stillwater Wealth Management Group’s holdings, making the stock its 27th biggest position.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of CocaCola during the 2nd quarter worth about $26,000. Marquette Asset Management LLC bought a new stake in shares of CocaCola in the 3rd quarter valued at approximately $27,000. Cloud Capital Management LLC acquired a new position in CocaCola in the third quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp acquired a new position in CocaCola in the third quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC bought a new position in CocaCola during the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.
CocaCola Stock Down 2.1%
Shares of CocaCola stock opened at $75.98 on Thursday. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $82.00. The company has a quick ratio of 1.25, a current ratio of 1.46 and a debt-to-equity ratio of 1.23. The stock has a 50 day moving average price of $76.20 and a two-hundred day moving average price of $71.57. The stock has a market capitalization of $326.76 billion, a P/E ratio of 24.99, a PEG ratio of 3.25 and a beta of 0.35.
CocaCola Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $0.53 dividend. This is a boost from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, March 13th. This represents a $2.12 annualized dividend and a yield of 2.8%. CocaCola’s payout ratio is 69.74%.
Trending Headlines about CocaCola
Here are the key news stories impacting CocaCola this week:
- Positive Sentiment: Jefferies published a bullish forecast calling for strong price appreciation for KO, a direct buy‑side vote of confidence that can support the stock or limit downside after recent weakness. Jefferies Forecasts Strong Price Appreciation for CocaCola
- Positive Sentiment: Coca‑Cola secured a prominent marketing win by bringing Sprite back to the NBA via a sponsorship deal — a revenue/brand exposure positive that may help beverage sales and youth engagement over time. Coca-Cola brings Sprite back to the NBA
- Positive Sentiment: Coverage pieces and lists continue to include KO among attractive high‑yielding stocks, keeping it on investor radars for dividend income strategies. This supports demand from income‑oriented buyers. 3 No-Brainer High-Yielding Stocks to Buy
- Neutral Sentiment: Market writeups note KO trading steady within the S&P 500; this suggests moves are more about sector/market flows than company‑specific shocks. The Coca-Cola Company Steady in S&P 500 Trade Activity
- Neutral Sentiment: Comparisons and feature articles (e.g., Coca‑Cola vs. PepsiCo, and pieces highlighting other dividend stocks) provide context but are unlikely to trigger large moves unless they lead to fund flows. Coca‑Cola vs. PepsiCo
- Neutral Sentiment: Corporate community/CSR items (e.g., Coca‑Cola Scholars honored by the American Indian College Fund) are reputation positives but have limited near‑term stock impact. American Indian College Fund Honors Coca‑Cola Scholars
- Negative Sentiment: A market note highlighted that KO declined more than the broader market in the latest session — investors may be trimming positions after a recent run or reacting to mixed fundamentals (Coke recently beat EPS but missed revenue estimates), contributing to today’s weakness. Coca‑Cola (KO) Declines More Than Market
- Neutral Sentiment: Industry commentary highlighting other long‑running dividend payers can shift investor attention away from blue‑chips like KO but isn’t an immediate threat to Coca‑Cola’s business. Meet Wall Street’s Greatest Dividend Stock
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on KO shares. Jefferies Financial Group lifted their target price on shares of CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. TD Cowen restated a “buy” rating on shares of CocaCola in a report on Wednesday, February 11th. Truist Financial set a $85.00 price objective on shares of CocaCola in a research note on Wednesday, February 11th. Evercore reiterated an “outperform” rating and issued a $85.00 price objective on shares of CocaCola in a report on Wednesday, February 11th. Finally, Barclays increased their target price on shares of CocaCola from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report 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 company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $84.60.
View Our Latest Analysis on CocaCola
Insider Activity
In other CocaCola news, EVP Nancy Quan sold 23,556 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at $17,754,735. The trade was a 9.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Murphy sold 99,437 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $80.42, for a total transaction of $7,996,723.54. Following the sale, the chief financial officer owned 410,550 shares of the company’s stock, valued at $33,016,431. This trade represents a 19.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 892,925 shares of company stock worth $70,254,796. Insiders own 0.97% of the company’s stock.
CocaCola 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.
Further Reading
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO – Free Report).
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