Clark Capital Management Group Inc. Has $105.01 Million Position in CocaCola Company (The) $KO

Clark Capital Management Group Inc. cut its position in shares of CocaCola Company (The) (NYSE:KO) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,583,329 shares of the company’s stock after selling 61,948 shares during the period. Clark Capital Management Group Inc.’s holdings in CocaCola were worth $105,006,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its stake in CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC raised its position in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after purchasing an additional 293 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of CocaCola during the 1st quarter worth about $210,000. United Bank boosted its holdings in shares of CocaCola by 9.5% during the 2nd quarter. United Bank now owns 91,201 shares of the company’s stock worth $6,452,000 after buying an additional 7,903 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in CocaCola in the 2nd quarter valued at about $214,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Price Performance

Shares of NYSE KO opened at $77.34 on Friday. The business has a fifty day moving average price of $75.64 and a two-hundred day moving average price of $71.39. The stock has a market capitalization of $332.60 billion, a PE ratio of 25.44, a P/E/G ratio of 3.24 and a beta of 0.35. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.25. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $82.00.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The company had revenue of $11.82 billion for the quarter, compared to analyst estimates of $12.04 billion. During the same period in the prior year, the firm posted $0.55 EPS. CocaCola’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. As a group, equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Increases Dividend

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

Insider Buying and Selling

In other news, insider Bruno Pietracci sold 28,765 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total transaction of $2,284,228.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $77.37, for a total transaction of $1,847,595.60. Following the sale, the executive vice president owned 17,725 shares in the company, valued at $1,371,383.25. This represents a 57.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 892,925 shares of company stock worth $70,254,796. 0.97% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on KO. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $83.00 price objective on shares of CocaCola in a research report on Thursday, January 29th. Evercore restated an “outperform” rating and issued a $85.00 price target on shares of CocaCola in a research note on Wednesday, February 11th. Jefferies Financial Group lowered their price objective on CocaCola from $88.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Wells Fargo & Company boosted their target price on shares of CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to MarketBeat.com, CocaCola presently has an average rating of “Buy” and an average price target of $84.40.

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.