CocaCola Company (The) $KO Shares Bought by Vestcor Inc

Vestcor Inc lifted its holdings in CocaCola Company (The) (NYSE:KO) by 40.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 212,618 shares of the company’s stock after purchasing an additional 61,008 shares during the quarter. Vestcor Inc’s holdings in CocaCola were worth $14,101,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in CocaCola by 0.4% in the third quarter. Vanguard Group Inc. now owns 368,885,160 shares of the company’s stock worth $24,464,464,000 after purchasing an additional 1,443,189 shares during the period. Norges Bank acquired a new position in CocaCola during the 2nd quarter valued at about $3,846,270,000. Legal & General Group Plc increased its stake in CocaCola by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 27,281,552 shares of the company’s stock valued at $1,930,170,000 after buying an additional 285,794 shares during the period. Invesco Ltd. raised its position in shares of CocaCola by 10.9% during the 2nd quarter. Invesco Ltd. now owns 25,328,083 shares of the company’s stock worth $1,791,962,000 after buying an additional 2,497,585 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of CocaCola by 5.1% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 19,495,775 shares of the company’s stock worth $1,292,960,000 after buying an additional 938,116 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Trading Up 0.1%

NYSE KO opened at $77.11 on Monday. The firm’s 50 day moving average price is $74.86 and its two-hundred day moving average price is $71.12. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.46. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $82.00. The stock has a market cap of $331.63 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 3.23 and a beta of 0.35.

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

CocaCola Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.53 per share. This is a boost from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 annualized dividend and a yield of 2.7%. CocaCola’s dividend payout ratio (DPR) is presently 67.11%.

Insider Activity at CocaCola

In related news, EVP Beatriz R. Perez sold 21,326 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $80.75, for a total transaction of $1,722,074.50. Following the completion of the sale, the executive vice president directly owned 173,728 shares in the company, valued at approximately $14,028,536. This trade represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John Murphy sold 99,437 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 410,550 shares in the company, valued at $33,016,431. The trade was a 19.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 869,045 shares of company stock worth $68,407,201. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

KO has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $83.00 price objective on shares of CocaCola in a research note on Thursday, January 29th. TD Cowen reissued a “buy” rating on shares of CocaCola in a report on Wednesday, February 11th. Barclays upped their target price on CocaCola from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Truist Financial set a $85.00 price target on CocaCola in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. Based on data from MarketBeat, CocaCola currently has a consensus rating of “Buy” and an average price target of $84.33.

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.