Westpac Banking Corp Has $5.43 Million Stock Holdings in CocaCola Company (The) $KO

Westpac Banking Corp trimmed its stake in shares of CocaCola Company (The) (NYSE:KO) by 21.6% in the 1st quarter, HoldingsChannel reports. The firm owned 71,371 shares of the company’s stock after selling 19,709 shares during the quarter. Westpac Banking Corp’s holdings in CocaCola were worth $5,428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Louisbourg Investments Inc. acquired a new position in shares of CocaCola in the first quarter worth about $25,000. Anfield Capital Management LLC raised its holdings in shares of CocaCola by 438.8% during the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after acquiring an additional 294 shares during the period. Headlands Technologies LLC acquired a new stake in shares of CocaCola during the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. lifted its position 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 valued at $27,000 after acquiring an additional 357 shares in the last quarter. Finally, Daytona Street Capital LLC purchased a new stake in shares of CocaCola in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola is reportedly using AI to improve marketing and vending performance, with one report saying the effort helped drive a 15% surge in vending sales, reinforcing the company’s ability to use technology to strengthen its core brand. Coca-Cola Used AI to Make Itself More Coca-Cola
• Positive Sentiment: Analysts remain constructive ahead of earnings, saying Coca-Cola’s pricing power, stable demand, and solid growth outlook could support another strong quarter and help the company maintain guidance. Coca-Cola’s Growth Outlook Remains Strong Ahead of Q2 Results, UBS Says
• Positive Sentiment: Recent commentary also highlights Coca-Cola’s strong fundamentals, including durable organic growth, strong free-cash-flow conversion, and shareholder returns, which continue to support the stock’s defensive appeal. Coca-Cola Keeps Outperforming My Expectations (Earnings Preview)
• Neutral Sentiment: The company is also reportedly preparing an India bottler IPO, a strategic move that could unlock value over time but is not an immediate earnings driver. Coca-Cola picks bankers for its India bottler IPO
• Negative Sentiment: Coca-Cola’s Fairlife unit was hit by a ransomware attack, with production suspended and a hacking group claiming responsibility, raising near-term concerns about supply disruptions and potential data/security costs. Gang claims responsibility for hack at Coca-Cola’s fairlife unit

CocaCola Trading Down 0.2%

Shares of NYSE KO opened at $81.97 on Wednesday. The business has a 50 day simple moving average of $81.35 and a 200 day simple moving average of $77.85. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $85.68. The stock has a market cap of $352.67 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 3.28 and a beta of 0.34. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, beating 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 net margin of 27.80% and a return on equity of 40.55%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, research analysts predict that CocaCola Company will post 3.26 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.53 per share. The ex-dividend date is Tuesday, September 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 currently 66.67%.

Insider Activity at CocaCola

In other CocaCola news, EVP Jennifer K. Mann sold 23,984 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $83.41, for a total transaction of $2,000,505.44. Following the transaction, the executive vice president directly owned 157,400 shares in the company, valued at $13,128,734. This trade represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman James Quincey sold 436,296 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $80.13, for a total value of $34,960,398.48. Following the completion of the sale, the chairman directly owned 122,833 shares of the company’s stock, valued at $9,842,608.29. This represents a 78.03% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 90 days, insiders sold 899,905 shares of company stock valued at $71,832,315. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the topic of several research analyst reports. Truist Financial set a $88.00 price objective on shares of CocaCola in a research report on Friday, June 26th. JPMorgan Chase & Co. increased their target price on CocaCola from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, July 10th. TD Cowen raised their target price on CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Bank of America lifted their price target on CocaCola from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, March 30th. Fourteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.33.

CocaCola Company 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.