Westfield Capital Management Co. LP Has $9 Million Position in CocaCola Company (The) $KO

Westfield Capital Management Co. LP lessened its stake in shares of CocaCola Company (The) (NYSE:KO) by 15.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 135,745 shares of the company’s stock after selling 25,305 shares during the quarter. Westfield Capital Management Co. LP’s holdings in CocaCola were worth $9,003,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KO. Vanguard Group Inc. raised its position in shares of CocaCola by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after acquiring an additional 6,241,163 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in CocaCola by 2.9% in 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. increased its holdings in CocaCola by 42.3% in 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. boosted its holdings in shares of CocaCola by 1.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock worth $690,311,000 after buying an additional 198,886 shares in the last quarter. Finally, Yeomans Consulting Group Inc. grew its position in shares of CocaCola by 88.9% during the 3rd quarter. Yeomans Consulting Group Inc. now owns 69,020 shares of the company’s stock worth $4,609,000 after buying an additional 32,478 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Performance

KO stock opened at $80.48 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. The firm has a market cap of $346.12 billion, a PE ratio of 26.47, a P/E/G ratio of 3.37 and a beta of 0.36. The business has a 50 day moving average of $73.80 and a 200-day moving average of $70.74. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $81.09.

CocaCola (NYSE:KO) last posted 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. The business had revenue of $11.82 billion for 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%.The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. As a group, sell-side analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, March 13th. This is an increase from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 2.6%. CocaCola’s dividend payout ratio (DPR) is currently 67.11%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KO. Morgan Stanley reiterated an “overweight” rating and set a $87.00 price objective on shares of CocaCola in a report on Wednesday, February 11th. Evercore reaffirmed an “outperform” rating and set a $85.00 price target on shares of CocaCola in a research note on Wednesday, February 11th. UBS Group raised their price objective on CocaCola from $82.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Barclays upped their target price on CocaCola from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada set a $87.00 price target on shares of CocaCola in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to MarketBeat.com, CocaCola currently has an average rating of “Buy” and a consensus target price of $84.33.

Insider Transactions at CocaCola

In other CocaCola news, CEO James Quincey sold 337,824 shares of CocaCola stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $77.10, for a total value of $26,046,230.40. Following the sale, the chief executive officer owned 342,546 shares of the company’s stock, valued at approximately $26,410,296.60. The trade was a 49.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.97% of the company’s stock.

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.