Florida Trust Wealth Management Co Buys 8,786 Shares of CocaCola Company (The) $KO

Florida Trust Wealth Management Co boosted its stake in CocaCola Company (The) (NYSE:KOFree Report) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,271 shares of the company’s stock after purchasing an additional 8,786 shares during the quarter. Florida Trust Wealth Management Co’s holdings in CocaCola were worth $7,359,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KO. Headlands Technologies LLC bought a new position in CocaCola in the 2nd quarter valued at about $26,000. Marquette Asset Management LLC bought a new stake in shares of CocaCola during the 3rd quarter worth approximately $27,000. Cloud Capital Management LLC acquired a new stake in shares of CocaCola during the 3rd quarter worth approximately $27,000. Redmont Wealth Advisors LLC acquired a new stake in shares of CocaCola during the 3rd quarter worth approximately $30,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in CocaCola in the third quarter valued at approximately $31,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KO has been the subject of several research analyst reports. Truist Financial set a $85.00 price objective on shares of CocaCola in a research report on Wednesday, February 11th. Citigroup lifted their price target on CocaCola from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Thursday, January 22nd. Royal Bank Of Canada set a $87.00 price objective on CocaCola in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. raised their price objective on CocaCola from $79.00 to $83.00 and gave the company an “overweight” rating 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, the company presently has an average rating of “Buy” and an average target price of $84.80.

Read Our Latest Stock Analysis on CocaCola

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

CocaCola Stock Performance

Shares of CocaCola stock opened at $76.68 on Friday. The company’s 50 day moving average price is $77.30 and its two-hundred day moving average price is $72.22. The firm has a market capitalization of $330.03 billion, a P/E ratio of 25.22, a P/E/G ratio of 3.24 and a beta of 0.36. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.25. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $82.00.

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. The company had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $12.04 billion. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.CocaCola’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, equities analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Increases Dividend

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

Insider Activity

In related news, CFO John Murphy sold 72,449 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $80.52, for a total value of $5,833,593.48. Following the completion of the transaction, the chief financial officer owned 279,917 shares in the company, valued at $22,538,916.84. This trade represents a 20.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James Quincey sold 250,688 shares of CocaCola stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.14, for a total transaction of $19,839,448.32. Following the sale, the chief executive officer owned 278,155 shares in the company, valued at approximately $22,013,186.70. This represents a 47.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 892,925 shares of company stock valued at $70,254,796. 0.90% of the stock is currently owned by company insiders.

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.

Further Reading

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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