Approach Retirement Advisors LLC Takes Position in CocaCola Company (The) $KO

Approach Retirement Advisors LLC bought a new stake in shares of CocaCola Company (The) (NYSE:KO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,189 shares of the company’s stock, valued at approximately $503,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in CocaCola by 38.1% in the 4th quarter. Farther Finance Advisors LLC now owns 111,598 shares of the company’s stock valued at $7,802,000 after purchasing an additional 30,786 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in CocaCola by 82.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 49,700 shares of the company’s stock valued at $3,296,000 after purchasing an additional 22,444 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in CocaCola by 2.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock valued at $136,086,000 after purchasing an additional 57,407 shares in the last quarter. Nicola Wealth Management LTD. lifted its holdings in CocaCola by 42.3% in the 3rd quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock valued at $12,269,000 after purchasing an additional 55,000 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in CocaCola by 1.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock valued at $690,311,000 after purchasing an additional 198,886 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Stock Up 0.5%

Shares of NYSE:KO opened at $76.66 on Friday. The business has a 50-day moving average price of $77.23 and a 200 day moving average price of $73.21. 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 has a market capitalization of $329.95 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 3.22 and a beta of 0.36. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $82.00.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $11.82 billion during 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%.The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. Sell-side analysts expect that CocaCola Company will post 3.23 EPS for the current year.

CocaCola Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.8%. This is a boost from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, March 13th. CocaCola’s payout ratio is currently 69.74%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on KO shares. JPMorgan Chase & Co. raised their price objective on CocaCola from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Truist Financial set a $85.00 price objective on CocaCola in a report on Wednesday, February 11th. Evercore restated an “outperform” rating and issued a $85.00 price objective on shares of CocaCola in a report on Wednesday, February 11th. Jefferies Financial Group lifted their price target on CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Finally, Barclays lifted their price target on CocaCola from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Fifteen analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $85.00.

Insider Activity at CocaCola

In other CocaCola news, insider Bruno Pietracci sold 28,765 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total transaction of $2,284,228.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Nancy Quan sold 23,556 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.50, for a total transaction of $1,872,702.00. Following the sale, the executive vice president owned 223,330 shares in the company, valued at $17,754,735. This trade represents a 9.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 892,925 shares of company stock valued at $70,254,796. 0.90% of the stock is owned by company insiders.

About CocaCola

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.