Bridgefront Capital LLC Buys New Shares in CocaCola Company (The) $KO

Bridgefront Capital LLC purchased a new stake in CocaCola Company (The) (NYSE:KO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 16,879 shares of the company’s stock, valued at approximately $1,119,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. Vanguard Group Inc. grew its holdings in shares of CocaCola by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 368,885,160 shares of the company’s stock valued at $24,464,464,000 after acquiring an additional 1,443,189 shares in the last quarter. Norges Bank acquired a new stake in shares of CocaCola in the second quarter valued at about $3,846,270,000. Franklin Resources Inc. raised its holdings in CocaCola by 15.1% during the third quarter. Franklin Resources Inc. now owns 39,094,276 shares of the company’s stock worth $2,592,732,000 after acquiring an additional 5,135,198 shares in the last quarter. Legal & General Group Plc boosted its position in CocaCola by 2.8% during the third quarter. Legal & General Group Plc now owns 28,051,787 shares of the company’s stock valued at $1,860,395,000 after purchasing an additional 770,235 shares during the last quarter. Finally, Invesco Ltd. boosted its position in CocaCola by 5.5% during the third quarter. Invesco Ltd. now owns 26,721,843 shares of the company’s stock valued at $1,772,193,000 after purchasing an additional 1,393,760 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Bruno Pietracci sold 28,765 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total value of $2,284,228.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James Quincey sold 337,824 shares of CocaCola stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $77.10, for a total transaction of $26,046,230.40. Following the sale, the chief executive officer directly owned 342,546 shares of the company’s stock, valued at $26,410,296.60. The trade was a 49.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 892,925 shares of company stock valued at $70,254,796. 0.97% of the stock is currently owned by insiders.

CocaCola Stock Performance

KO opened at $77.34 on Friday. 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 Company has a 12-month low of $65.35 and a 12-month high of $82.00. The business has a 50 day moving average of $75.64 and a 200-day moving average of $71.39. The stock has a market cap of $332.60 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 3.24 and a beta of 0.35.

CocaCola (NYSE:KO) last posted its 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 return on equity of 41.31% and a net margin of 27.34%.The business had revenue of $11.82 billion for the quarter, compared to analyst estimates of $12.04 billion. During the same period in the previous year, the firm earned $0.55 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Increases Dividend

The business also recently disclosed 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. This is an increase from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, March 13th. CocaCola’s dividend payout ratio is presently 67.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup upped their price objective on CocaCola from $85.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. TD Cowen reissued a “buy” rating on shares of CocaCola in a research note on Wednesday, February 11th. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Thursday, January 22nd. UBS Group upped their price target on shares of CocaCola from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada set a $87.00 price objective on shares of CocaCola in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $84.40.

CocaCola 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.