Westfield Capital Management Co. LP Has $9 Million Stock Holdings in CocaCola Company (The) $KO

Westfield Capital Management Co. LP decreased its position in CocaCola Company (The) (NYSE:KO) by 15.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 135,745 shares of the company’s stock after selling 25,305 shares during the period. Westfield Capital Management Co. LP’s holdings in CocaCola were worth $9,003,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of CocaCola during the second quarter worth about $26,000. Marquette Asset Management LLC acquired a new stake in CocaCola during the 3rd quarter worth approximately $27,000. Cloud Capital Management LLC bought a new position in CocaCola in the third quarter valued at approximately $27,000. Redmont Wealth Advisors LLC acquired a new position in shares of CocaCola in the third quarter valued at approximately $30,000. Finally, MMA Asset Management LLC bought a new stake in shares of CocaCola during the second quarter worth $34,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Up 0.0%

NYSE:KO opened at $80.48 on Friday. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $81.09. The firm has a market capitalization of $346.12 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 3.37 and a beta of 0.36. 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’s 50 day moving average price is $73.80 and its two-hundred day moving average price is $70.74.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. The company had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $12.04 billion. During the same quarter last year, the firm posted $0.55 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. Equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Increases Dividend

The company 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 dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, March 13th. This is a positive change from CocaCola’s previous quarterly dividend of $0.51. CocaCola’s dividend payout ratio (DPR) is 67.11%.

Analysts Set New Price Targets

KO has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $87.00 price objective on shares of CocaCola in a research report on Wednesday, February 11th. Wells Fargo & Company upped their price objective on CocaCola from $79.00 to $87.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Jefferies Financial Group cut their target price on CocaCola from $88.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. JPMorgan Chase & Co. raised their price target on shares of CocaCola from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $83.00 price objective on shares of CocaCola in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $84.33.

Insider Buying and Selling at CocaCola

In related news, CEO James Quincey sold 337,824 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $77.10, for a total value of $26,046,230.40. Following the transaction, the chief executive officer directly owned 342,546 shares in the company, valued at approximately $26,410,296.60. This represents a 49.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.97% of the company’s stock.

About CocaCola

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.