HF Advisory Group LLC grew its position in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 89.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,886 shares of the company’s stock after purchasing an additional 7,993 shares during the period. HF Advisory Group LLC’s holdings in CocaCola were worth $1,181,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of KO. Vanguard Group Inc. lifted its position in CocaCola by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 368,885,160 shares of the company’s stock worth $24,464,464,000 after buying an additional 1,443,189 shares during the last quarter. State Street Corp grew its position in CocaCola by 0.6% during the third quarter. State Street Corp now owns 165,858,003 shares of the company’s stock valued at $11,083,296,000 after acquiring an additional 923,278 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of 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 lifted its holdings in shares of CocaCola by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 28,051,787 shares of the company’s stock worth $1,860,395,000 after acquiring an additional 770,235 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of CocaCola by 5.5% in the 3rd quarter. Invesco Ltd. now owns 26,721,843 shares of the company’s stock worth $1,772,193,000 after acquiring an additional 1,393,760 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.
CocaCola Stock Up 0.8%
Shares of NYSE KO opened at $76.68 on Friday. The firm’s fifty day moving average is $77.22 and its 200 day moving average is $72.11. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $82.00. The company has a quick ratio of 1.25, a current ratio of 1.46 and a debt-to-equity ratio of 1.23. The company has a market cap of $330.03 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 3.22 and a beta of 0.36.
CocaCola Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, March 13th. This is a boost from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a dividend yield of 2.8%. CocaCola’s payout ratio is 69.74%.
Insider Buying and Selling
In other CocaCola news, 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 value of $1,847,595.60. Following the completion of the sale, the executive vice president owned 17,725 shares in the company, valued at approximately $1,371,383.25. This trade represents a 57.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 23,556 shares of CocaCola stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.50, for a total value of $1,872,702.00. Following the completion of the sale, the executive vice president owned 223,330 shares in the company, valued at approximately $17,754,735. This represents a 9.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 892,925 shares of company stock valued at $70,254,796 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently commented on KO shares. Truist Financial set a $85.00 target price on shares of CocaCola in a report on Wednesday, February 11th. Citigroup upped their price target on shares of CocaCola from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Barclays raised their price objective on CocaCola from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. lifted their price objective on CocaCola from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $84.80.
Get Our Latest Stock Analysis on KO
Trending Headlines about CocaCola
Here are the key news stories impacting CocaCola this week:
- Positive Sentiment: Coca‑Cola plans to invest $1 billion in South Africa through 2030, expanding distribution and capacity in a high‑growth market; that long‑term capex commitment supports revenue upside in emerging markets. Coca‑Cola To Invest $1 Billion In South Africa Through 2030
- Positive Sentiment: Deutsche Bank (reported by AmericanBankingNews) is forecasting strong price appreciation for KO, and analyst optimism can help lift sentiment and flows into the stock. Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for CocaCola
- Positive Sentiment: Zacks highlights Coca‑Cola’s history of earnings surprises and argues KO has the setup to beat again, supporting upside to estimates and helping sentiment ahead of the next report. Will Coca‑Cola (KO) Beat Estimates Again in Its Next Earnings Report?
- Positive Sentiment: KO continues to be highlighted as a reliable dividend stock (Dividend King/Aristocrat narratives), which attracts income-focused and defensive investors amid macro uncertainty. The 5 Safest Dividend Aristocrats Are Perfect For Retirees Needing Growth & Income
- Neutral Sentiment: Coke Florida rolled out limited‑edition America250 cans — a branding/marketing push that supports awareness but is unlikely to move near‑term fundamentals materially. Coca‑Cola Beverages Florida Unveils America250 Commemorative Cans
- Neutral Sentiment: Recent writeups on valuation note mixed short‑term share performance and higher near‑term multiples, which keeps some investors focused on price vs. fundamentals rather than driving a clear buy/sell signal. A Look At Coca‑Cola (KO) Valuation After Mixed Recent Share Performance
- Negative Sentiment: A Zacks analyst blog flagged mixed demand and growth challenges alongside other large caps, highlighting potential near‑term headwinds that could cap upside if execution slips. The Zacks Analyst Blog: Exxon, The Coca‑Cola and Uber
CocaCola Company 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.
Read More
Receive News & Ratings for CocaCola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CocaCola and related companies with MarketBeat.com's FREE daily email newsletter.
