Johnson Financial Group LLC Acquires Shares of 7,481 CocaCola Company (The) $KO

Johnson Financial Group LLC bought a new stake in shares of CocaCola Company (The) (NYSE:KOFree Report) in the 4th quarter, Holdings Channel reports. The institutional investor bought 7,481 shares of the company’s stock, valued at approximately $523,000.

Other large investors also recently made changes to their positions in the company. Anfield Capital Management LLC grew its stake in shares of CocaCola by 438.8% during the fourth 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 period. Headlands Technologies LLC acquired a new position in CocaCola in the second quarter valued at about $26,000. Daytona Street Capital LLC bought a new position in CocaCola during the fourth quarter worth about $29,000. Redmont Wealth Advisors LLC bought a new position in CocaCola during the third quarter worth about $30,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of CocaCola during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KO. TD Cowen increased their price target on shares of CocaCola from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Evercore reaffirmed an “outperform” rating and issued a $85.00 target price on shares of CocaCola in a research note on Wednesday, February 11th. Wells Fargo & Company increased their target price on shares of CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Citigroup lifted their price target on shares of CocaCola from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, March 30th. Fifteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $86.80.

Read Our Latest Research Report on KO

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

CocaCola Stock Performance

KO opened at $78.81 on Thursday. The company has a market capitalization of $339.07 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 3.13 and a beta of 0.35. The business’s 50-day moving average price is $77.96 and its two-hundred day moving average price is $75.24. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $82.66. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15.

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

CocaCola Announces Dividend

The firm also recently declared 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. This represents a $2.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s dividend payout ratio (DPR) is currently 66.67%.

Insider Activity

In related news, EVP Nancy Quan sold 31,625 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the completion of the transaction, the executive vice president owned 223,330 shares in the company, valued at approximately $18,074,096.90. This represents a 12.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 200,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $78.90, for a total transaction of $15,780,000.00. Following the completion of the transaction, the chairman directly owned 78,155 shares of the company’s stock, valued at approximately $6,166,429.50. This trade represents a 71.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 255,505 shares of company stock worth $20,187,007 over the last ninety days. Insiders own 0.90% of the company’s stock.

CocaCola 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

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:KOFree Report).

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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