Forum Financial Management LP Sells 22,384 Shares of CocaCola Company (The) $KO

Forum Financial Management LP lowered its stake in shares of CocaCola Company (The) (NYSE:KO) by 51.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,532 shares of the company’s stock after selling 22,384 shares during the period. Forum Financial Management LP’s holdings in CocaCola were worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Anfield Capital Management LLC raised its position in shares of CocaCola by 438.8% in the 4th 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. Louisbourg Investments Inc. acquired a new position in CocaCola during the first quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new position in CocaCola during the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. increased its stake in CocaCola by 1,081.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after purchasing an additional 357 shares in the last quarter. Finally, Daytona Street Capital LLC bought a new stake in CocaCola in the fourth quarter valued at approximately $29,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Trading Up 0.0%

KO opened at $82.64 on Tuesday. The stock has a market capitalization of $355.55 billion, a P/E ratio of 25.99, a P/E/G ratio of 3.30 and a beta of 0.35. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $84.04. The firm’s fifty day simple moving average is $79.58 and its 200 day simple moving average is $76.41. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09.

CocaCola (NYSE:KO) last announced its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $12.47 billion during 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, research analysts anticipate that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s dividend payout ratio is currently 66.67%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KO. Truist Financial set a $88.00 price target on shares of CocaCola in a research report on Friday. Morgan Stanley set a $89.00 price target on shares of CocaCola in a report on Wednesday, June 10th. TD Cowen upped their price objective on shares of CocaCola from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company raised their price objective on CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Piper Sandler reiterated an “overweight” rating on shares of CocaCola in a report on Friday. Fifteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Insider Transactions at CocaCola

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the sale, the executive vice president owned 223,330 shares in the company, valued at approximately $18,074,096.90. The trade was a 12.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $79.46, for a total value of $7,946,000.00. Following the transaction, the executive vice president directly owned 181,384 shares of the company’s stock, valued at approximately $14,412,772.64. This trade represents a 35.54% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold 899,905 shares of company stock valued at $71,832,315 over the last three months. Company insiders own 0.90% 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.