Bank Pictet & Cie Europe AG Buys 13,178 Shares of CocaCola Company (The) $KO

Bank Pictet & Cie Europe AG increased its stake in CocaCola Company (The) (NYSE:KOFree Report) by 100.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,261 shares of the company’s stock after purchasing an additional 13,178 shares during the period. Bank Pictet & Cie Europe AG’s holdings in CocaCola were worth $1,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in KO. Vanguard Group Inc. lifted its holdings in shares of CocaCola by 0.4% in the third quarter. Vanguard Group Inc. now owns 368,885,160 shares of the company’s stock valued at $24,464,464,000 after purchasing an additional 1,443,189 shares in the last quarter. State Street Corp grew its holdings in shares of CocaCola by 0.6% during the third quarter. State Street Corp now owns 165,858,003 shares of the company’s stock worth $11,083,296,000 after buying an additional 923,278 shares in the last quarter. Franklin Resources Inc. grew its holdings 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 buying an additional 5,135,198 shares in the last quarter. Legal & General Group Plc raised its position in CocaCola by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 28,051,787 shares of the company’s stock valued at $1,860,395,000 after buying an additional 770,235 shares during the last quarter. Finally, Invesco Ltd. raised its position in CocaCola by 5.5% in the 3rd quarter. Invesco Ltd. now owns 26,721,843 shares of the company’s stock valued at $1,772,193,000 after buying an additional 1,393,760 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

Insider Buying and Selling at CocaCola

In other news, CFO John Murphy sold 99,437 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $80.42, for a total value of $7,996,723.54. Following the completion of the sale, the chief financial officer directly owned 410,550 shares of the company’s stock, valued at $33,016,431. This trade represents a 19.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO James Quincey sold 337,824 shares of CocaCola stock in a transaction that occurred on 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 transaction, the chief executive officer owned 342,546 shares of the company’s stock, valued at $26,410,296.60. This represents a 49.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 892,925 shares of company stock valued at $70,254,796 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays upped their price target on CocaCola from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. 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 report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Thursday, January 22nd. Royal Bank Of Canada set a $87.00 target price on shares of CocaCola in a research report on Wednesday, February 11th. Finally, Evercore reiterated an “outperform” rating and issued a $85.00 price target on shares of CocaCola in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $84.80.

Check Out Our Latest Stock Report on CocaCola

CocaCola Price Performance

Shares of KO opened at $76.17 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23. The company’s fifty day simple moving average is $77.12 and its 200 day simple moving average is $72.08. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $82.00. The company has a market cap of $327.84 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 3.21 and a beta of 0.36.

CocaCola (NYSE:KOGet Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. The firm had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $12.04 billion. During the same quarter last year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Increases Dividend

The company 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. This is an increase from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, March 13th. This represents a $2.12 annualized dividend and a yield of 2.8%. CocaCola’s dividend payout ratio (DPR) is 69.74%.

CocaCola Company Profile

(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

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KOFree Report).

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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.