Almanack Investment Partners LLC. Decreases Stake in CocaCola Company (The) $KO

Almanack Investment Partners LLC. reduced its holdings in CocaCola Company (The) (NYSE:KO) by 50.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,924 shares of the company’s stock after selling 9,092 shares during the period. Almanack Investment Partners LLC.’s holdings in CocaCola were worth $624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of KO. Franklin Resources Inc. raised its stake in 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 purchasing an additional 5,135,198 shares during the period. Danske Bank A S purchased a new position in CocaCola during the third quarter worth about $226,443,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in CocaCola during the third quarter worth about $161,130,000. SG Americas Securities LLC raised its stake in CocaCola by 288.1% during the fourth quarter. SG Americas Securities LLC now owns 3,025,595 shares of the company’s stock worth $211,519,000 after purchasing an additional 2,245,959 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in CocaCola by 9.9% during the third quarter. Ameriprise Financial Inc. now owns 18,902,256 shares of the company’s stock worth $1,253,992,000 after purchasing an additional 1,709,860 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CocaCola

In other news, EVP Monica Howard Douglas sold 23,880 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $77.37, for a total value of $1,847,595.60. Following the completion of the transaction, the executive vice president owned 17,725 shares in the company, valued at approximately $1,371,383.25. This represents a 57.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John Murphy sold 99,437 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $80.42, for a total transaction of $7,996,723.54. Following the completion of the transaction, the chief financial officer owned 410,550 shares of the company’s stock, valued at approximately $33,016,431. The trade was a 19.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 892,925 shares of company stock worth $70,254,796 over the last ninety days. 0.90% of the stock is currently owned by insiders.

CocaCola Trading Up 0.5%

NYSE KO opened at $76.66 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.46 and a debt-to-equity ratio of 1.23. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $82.00. The stock has a market capitalization of $329.95 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 3.22 and a beta of 0.36. The firm has a 50 day moving average of $77.23 and a two-hundred day moving average of $73.21.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. The company had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $12.04 billion. During the same quarter in the previous year, the business posted $0.55 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. As a group, research analysts expect that CocaCola Company will post 3.23 EPS for the current fiscal year.

CocaCola Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were issued a dividend of $0.53 per share. This is a boost 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 presently 69.74%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley set a $88.00 target price on shares of CocaCola in a research note on Wednesday, March 11th. Barclays boosted their price target 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 boosted their price target on shares of CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Evercore reissued an “outperform” rating and issued a $85.00 price target on shares of CocaCola in a research note on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target 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. Fifteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and a consensus price target of $85.00.

CocaCola Company 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.