First Financial Bankshares Inc Increases Stock Position in CocaCola Company (The) $KO

First Financial Bankshares Inc boosted its holdings in CocaCola Company (The) (NYSE:KOFree Report) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 949,898 shares of the company’s stock after acquiring an additional 27,726 shares during the quarter. CocaCola accounts for approximately 1.3% of First Financial Bankshares Inc’s holdings, making the stock its 28th largest position. First Financial Bankshares Inc’s holdings in CocaCola were worth $62,997,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KO. Caitong International Asset Management Co. Ltd lifted its holdings in shares of CocaCola by 5,142.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after purchasing an additional 360 shares in the last quarter. Headlands Technologies LLC bought a new stake in CocaCola in the 2nd quarter worth about $26,000. Marquette Asset Management LLC purchased a new position in CocaCola in the 3rd quarter worth about $27,000. Cloud Capital Management LLC bought a new position in CocaCola during the 3rd quarter valued at about $27,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of CocaCola during the 3rd quarter valued at about $30,000. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Up 0.8%

NYSE KO opened at $80.52 on Tuesday. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $80.85. The company has a market capitalization of $346.35 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 3.35 and a beta of 0.36. The stock’s 50-day moving average price is $73.19 and its 200-day moving average price is $70.53. The company has a quick ratio of 1.25, a current ratio of 1.46 and a debt-to-equity ratio of 1.23.

CocaCola (NYSE:KOGet Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, topping 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 business had revenue of $11.82 billion during the quarter, compared to analyst estimates of $12.04 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors 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 2.6%. CocaCola’s dividend payout ratio is 67.11%.

Wall Street Analyst Weigh In

KO has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a report on Monday, February 9th. TD Cowen reaffirmed a “buy” rating on shares of CocaCola in a research report on Wednesday, February 11th. Citigroup boosted their target price on shares of CocaCola from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. raised their price target on CocaCola from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research note on Thursday, January 22nd. 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.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $84.33.

Get Our Latest Stock Report on KO

Insider Activity at CocaCola

In related news, CEO James Quincey sold 337,824 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $77.10, for a total transaction of $26,046,230.40. Following the completion of the transaction, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

More CocaCola News

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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.

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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