First Financial Bankshares Inc Acquires 136,871 Shares of CocaCola Company (The) $KO

First Financial Bankshares Inc lifted its holdings in shares of CocaCola Company (The) (NYSE:KOFree Report) by 14.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,086,769 shares of the company’s stock after purchasing an additional 136,871 shares during the quarter. CocaCola accounts for 1.5% of First Financial Bankshares Inc’s holdings, making the stock its 26th largest position. First Financial Bankshares Inc’s holdings in CocaCola were worth $75,976,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Anfield Capital Management LLC increased its stake in CocaCola by 438.8% in the fourth 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 last quarter. Headlands Technologies LLC bought a new position in CocaCola in 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 acquiring an additional 357 shares during the last quarter. Daytona Street Capital LLC bought a new position in CocaCola in the fourth quarter valued at approximately $29,000. Finally, Elevated Capital Advisors LLC bought a new position in CocaCola in the fourth quarter valued at approximately $30,000. 70.26% of the stock is owned by institutional investors.

CocaCola Stock Performance

NYSE KO opened at $82.65 on Friday. The firm’s fifty day moving average price is $78.58 and its two-hundred day moving average price is $75.63. The stock has a market cap of $355.58 billion, a PE ratio of 25.99, a PEG ratio of 3.34 and a beta of 0.35. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $84.04. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36.

CocaCola (NYSE:KOGet Free Report) last posted 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 for the quarter, compared to analysts’ expectations of $12.24 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, equities analysts expect that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Announces Dividend

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

Insider Buying and Selling

In related news, EVP Jennifer K. Mann sold 100,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $79.46, for a total value of $7,946,000.00. Following the sale, the executive vice president owned 207,400 shares of the company’s stock, valued at $16,480,004. The trade was a 32.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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. Also, Chairman James Quincey sold 436,296 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the completion of the sale, the chairman directly owned 122,833 shares in the company, valued at approximately $9,842,608.29. This represents a 78.03% 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 have sold a total of 875,921 shares of company stock valued at $69,831,810 over the last 90 days. 0.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on KO. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, March 30th. Wells Fargo & Company lifted their price objective on shares of CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Morgan Stanley set a $89.00 price objective on shares of CocaCola in a research note on Wednesday. Barclays boosted their target price on shares of CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Finally, Jefferies Financial Group boosted their target price on shares of CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Fifteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CocaCola currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.69.

Read Our Latest Research Report on KO

Key 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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