Brown Brothers Harriman & Co. Has $50.32 Million Position in CocaCola Company (The) $KO

Brown Brothers Harriman & Co. lifted its stake in CocaCola Company (The) (NYSE:KO) by 5.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 758,768 shares of the company’s stock after buying an additional 39,707 shares during the period. Brown Brothers Harriman & Co.’s holdings in CocaCola were worth $50,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in shares of CocaCola in the 2nd quarter worth approximately $26,000. Marquette Asset Management LLC acquired a new stake in CocaCola during the 3rd quarter valued at $27,000. Cloud Capital Management LLC bought a new position in CocaCola in the 3rd quarter valued at $27,000. Redmont Wealth Advisors LLC bought a new position in CocaCola in the 3rd quarter valued at $30,000. Finally, Wealth Watch Advisors INC bought a new stake in CocaCola during the 3rd quarter worth about $34,000. 70.26% of the stock is owned by institutional investors.

CocaCola Stock Performance

Shares of KO opened at $77.34 on Friday. The stock has a market capitalization of $332.60 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 3.25 and a beta of 0.35. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $82.00. The firm has a fifty day simple moving average of $75.64 and a 200 day simple moving average of $71.37. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $12.04 billion. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.CocaCola’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. Research analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, March 13th. This is a positive change from CocaCola’s previous quarterly dividend of $0.51. CocaCola’s dividend payout ratio is currently 67.11%.

Insider Transactions at CocaCola

In other CocaCola news, EVP Nancy Quan sold 23,556 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.50, for a total transaction of $1,872,702.00. Following the sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $17,754,735. The trade was a 9.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John Murphy sold 99,437 shares of CocaCola stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $80.42, for a total transaction of $7,996,723.54. Following the transaction, the chief financial officer directly owned 410,550 shares of the company’s stock, valued at $33,016,431. This represents a 19.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 892,925 shares of company stock worth $70,254,796. Corporate insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays increased their price objective on CocaCola from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Thursday, January 22nd. UBS Group upped their price target on CocaCola from $82.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Evercore reiterated an “outperform” rating and issued a $85.00 price target on shares of CocaCola in a research report on Wednesday, February 11th. Finally, Jefferies Financial Group decreased their price target on shares of CocaCola from $88.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.