Traveka Wealth LLC Sells 25,060 Shares of CocaCola Company (The) $KO

Traveka Wealth LLC lessened its position in shares of CocaCola Company (The) (NYSE:KOFree Report) by 49.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,394 shares of the company’s stock after selling 25,060 shares during the period. Traveka Wealth LLC’s holdings in CocaCola were worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd raised its holdings in CocaCola by 82.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 49,700 shares of the company’s stock worth $3,296,000 after purchasing an additional 22,444 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in CocaCola by 2.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock valued at $136,086,000 after buying an additional 57,407 shares during the period. Nicola Wealth Management LTD. grew its holdings in CocaCola by 42.3% during the 3rd quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock worth $12,269,000 after acquiring an additional 55,000 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of CocaCola by 1.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock valued at $690,311,000 after purchasing an additional 198,886 shares during the period. Finally, Yeomans Consulting Group Inc. increased its holdings in CocaCola by 88.9% in the third quarter. Yeomans Consulting Group Inc. now owns 69,020 shares of the company’s stock worth $4,609,000 after purchasing an additional 32,478 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KO shares. JPMorgan Chase & Co. lifted their price target on shares of CocaCola from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Truist Financial set a $85.00 price target on CocaCola in a research note on Wednesday, February 11th. Jefferies Financial Group raised their price objective on CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Thursday, January 22nd. Finally, Wells Fargo & Company upped their target price on CocaCola from $79.00 to $87.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and an average price target of $84.60.

View Our Latest Stock Report on CocaCola

CocaCola Trading Down 1.0%

Shares of CocaCola stock opened at $74.76 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $321.80 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 3.13 and a beta of 0.35. The stock has a fifty day simple moving average of $76.41 and a 200 day simple moving average of $71.67. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $82.00.

CocaCola (NYSE:KOGet Free Report) last released its earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $12.04 billion. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, sell-side analysts anticipate 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. Stockholders of record on Friday, March 13th will be given a dividend of $0.53 per share. This is a boost from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, March 13th. This represents a $2.12 annualized dividend and a dividend yield of 2.8%. CocaCola’s dividend payout ratio is currently 69.74%.

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

Insider Buying and Selling at CocaCola

In related news, CFO John Murphy sold 99,437 shares of CocaCola stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $80.42, for a total transaction of $7,996,723.54. Following the sale, 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. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James Quincey sold 337,824 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $26,410,296.60. This trade represents a 49.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 892,925 shares of company stock valued at $70,254,796. 0.90% of the stock is currently owned by corporate insiders.

About CocaCola

(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

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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