Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in CocaCola Company (The) $KO

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in CocaCola Company (The) (NYSE:KOFree Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 182,742 shares of the company’s stock, valued at approximately $12,775,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Saranac Partners Ltd raised its holdings in shares of CocaCola by 9.2% in the 4th quarter. Saranac Partners Ltd now owns 6,732 shares of the company’s stock valued at $471,000 after buying an additional 565 shares during the period. Larson Financial Group LLC raised its holdings in shares of CocaCola by 18.8% in the 4th quarter. Larson Financial Group LLC now owns 45,952 shares of the company’s stock valued at $3,213,000 after buying an additional 7,282 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of CocaCola by 2.8% in the 4th quarter. Handelsbanken Fonder AB now owns 1,591,246 shares of the company’s stock valued at $111,244,000 after buying an additional 43,199 shares during the period. AMF Tjanstepension AB raised its holdings in shares of CocaCola by 5.2% in the 4th quarter. AMF Tjanstepension AB now owns 2,863,833 shares of the company’s stock valued at $200,211,000 after buying an additional 141,321 shares during the period. Finally, Profund Advisors LLC raised its holdings in shares of CocaCola by 3.0% in the 4th quarter. Profund Advisors LLC now owns 34,548 shares of the company’s stock valued at $2,415,000 after buying an additional 1,022 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KO. JPMorgan Chase & Co. boosted their price objective on CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. TD Cowen upped their price target on CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Evercore restated an “outperform” rating and set a $85.00 price target on shares of CocaCola in a report on Wednesday, February 11th. Truist Financial set a $85.00 price target on CocaCola in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada set a $87.00 price target on CocaCola in a report on Wednesday, February 11th. Fifteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $86.53.

Get Our Latest Stock Analysis on KO

CocaCola Trading Up 0.9%

KO opened at $81.90 on Wednesday. CocaCola Company has a one year low of $65.35 and a one year high of $82.66. The company has a market cap of $352.36 billion, a P/E ratio of 25.75, a PEG ratio of 3.24 and a beta of 0.35. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. The business’s 50-day simple moving average is $77.19 and its 200-day simple moving average is $74.43.

CocaCola (NYSE:KOGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The business had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.24 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, equities research analysts expect that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Dividend Announcement

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

Insider Transactions at CocaCola

In related news, insider Bruno Pietracci sold 28,765 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total value of $2,284,228.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman James Quincey sold 200,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $78.90, for a total value of $15,780,000.00. Following the completion of the sale, the chairman directly owned 78,155 shares of the company’s stock, valued at approximately $6,166,429.50. This trade represents a 71.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 786,726 shares of company stock worth $62,547,977. Insiders own 0.90% of the company’s stock.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

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.

Further Reading

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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