CocaCola Company (The) $KO Stock Position Increased by AIA Group Ltd

AIA Group Ltd boosted its position in shares of CocaCola Company (The) (NYSE:KOFree Report) by 239.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,932 shares of the company’s stock after buying an additional 32,419 shares during the quarter. AIA Group Ltd’s holdings in CocaCola were worth $3,046,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KO. Apexium Financial LP lifted its holdings in CocaCola by 1.2% in the 3rd quarter. Apexium Financial LP now owns 12,154 shares of the company’s stock valued at $810,000 after acquiring an additional 142 shares during the last quarter. Prosperity Financial Group Inc. boosted its position in shares of CocaCola by 3.9% during the 3rd quarter. Prosperity Financial Group Inc. now owns 3,957 shares of the company’s stock valued at $262,000 after purchasing an additional 148 shares in the last quarter. Ashton Thomas Securities LLC grew its stake in shares of CocaCola by 1.2% in the 3rd quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock worth $835,000 after purchasing an additional 149 shares during the last quarter. Diversified Enterprises LLC grew its stake in shares of CocaCola by 1.0% in the 3rd quarter. Diversified Enterprises LLC now owns 14,656 shares of the company’s stock worth $972,000 after purchasing an additional 150 shares during the last quarter. Finally, Capital Management Associates Inc raised its holdings in shares of CocaCola by 4.0% in the 3rd quarter. Capital Management Associates Inc now owns 3,915 shares of the company’s stock worth $260,000 after purchasing an additional 150 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

Insider Activity

In related news, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction dated 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 directly owned 17,725 shares of the company’s stock, valued at approximately $1,371,383.25. This represents a 57.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Quincey sold 337,824 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $77.10, for a total value of $26,046,230.40. Following the sale, the chief executive officer owned 342,546 shares of the company’s stock, valued at $26,410,296.60. The trade was a 49.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 892,925 shares of company stock valued at $70,254,796 in the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays increased their target price on shares of CocaCola from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. UBS Group upped their price target on CocaCola from $82.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Wells Fargo & Company increased their price objective on CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. TD Cowen reissued a “buy” rating on shares of CocaCola in a research note on Wednesday, February 11th. Finally, Evercore restated an “outperform” rating and issued a $85.00 target price on shares of CocaCola 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 stock. Based on data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and a consensus target price of $84.60.

Check Out Our Latest Research Report on CocaCola

CocaCola Trading Down 0.5%

CocaCola stock opened at $75.61 on Friday. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $82.00. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.46. The firm has a market capitalization of $325.43 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 3.18 and a beta of 0.35. The company has a 50 day moving average price of $76.32 and a 200 day moving average price of $71.59.

CocaCola (NYSE:KOGet Free Report) last announced its earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $12.04 billion. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 EPS. 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 year.

CocaCola Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 2.8%. CocaCola’s payout ratio is presently 69.74%.

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.

Featured Stories

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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