CocaCola Company (The) $KO Shares Purchased by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. raised its position in CocaCola Company (The) (NYSE:KOFree Report) by 37.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,842 shares of the company’s stock after purchasing an additional 13,023 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in CocaCola were worth $3,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd boosted its holdings in shares of CocaCola by 82.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 49,700 shares of the company’s stock valued at $3,296,000 after acquiring an additional 22,444 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in CocaCola by 2.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock worth $136,086,000 after purchasing an additional 57,407 shares in the last quarter. Nicola Wealth Management LTD. raised its holdings in CocaCola by 42.3% during the third quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock worth $12,269,000 after purchasing an additional 55,000 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in CocaCola by 1.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock worth $690,311,000 after purchasing an additional 198,886 shares during the period. Finally, Gateway Investment Advisers LLC lifted its position in CocaCola by 47.0% in the third quarter. Gateway Investment Advisers LLC now owns 341,220 shares of the company’s stock worth $22,630,000 after purchasing an additional 109,107 shares during the period. Institutional investors own 70.26% of the company’s stock.

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

CocaCola Price Performance

NYSE KO opened at $74.76 on Friday. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $82.00. The business’s fifty day moving average is $76.41 and its two-hundred day moving average is $71.65. The stock has a market capitalization of $321.80 billion, a P/E ratio of 24.59, a P/E/G ratio of 3.13 and a beta of 0.35. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.46.

CocaCola (NYSE:KOGet Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The business had revenue of $11.82 billion during the quarter, compared to analyst estimates of $12.04 billion. During the same period last year, the company posted $0.55 EPS. The company’s revenue 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, March 13th. This is a boost from CocaCola’s previous quarterly dividend of $0.51. CocaCola’s dividend payout ratio is presently 69.74%.

Insider Activity

In other CocaCola news, CEO James Quincey sold 250,688 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.14, for a total transaction of $19,839,448.32. Following the completion of the sale, the chief executive officer directly owned 278,155 shares of the company’s stock, valued at approximately $22,013,186.70. This represents a 47.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Murphy sold 72,449 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $80.52, for a total transaction of $5,833,593.48. Following the completion of the transaction, the chief financial officer owned 279,917 shares of the company’s stock, valued at approximately $22,538,916.84. The trade was a 20.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 892,925 shares of company stock worth $70,254,796. 0.97% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KO has been the topic of several research analyst reports. Morgan Stanley set a $88.00 price target on CocaCola in a research report on Wednesday, March 11th. JPMorgan Chase & Co. upped 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. TD Cowen reaffirmed a “buy” rating on shares of CocaCola in a research note on Wednesday, February 11th. Jefferies Financial Group lifted their target price on CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Finally, Citigroup boosted their price target on shares of CocaCola from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat, CocaCola currently has an average rating of “Buy” and a consensus price target of $84.60.

Get Our Latest Stock Report on KO

CocaCola 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.

Further Reading

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.