Bridgefront Capital LLC Invests $1.12 Million in CocaCola Company (The) $KO

Bridgefront Capital LLC acquired a new position in CocaCola Company (The) (NYSE:KO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 16,879 shares of the company’s stock, valued at approximately $1,119,000.

Other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in CocaCola in the second quarter valued at about $26,000. Marquette Asset Management LLC acquired a new stake in CocaCola in the third quarter valued at about $27,000. Cloud Capital Management LLC acquired a new stake in shares of CocaCola in the 3rd quarter valued at approximately $27,000. Redmont Wealth Advisors LLC acquired a new position in CocaCola during the 3rd quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of CocaCola during the third quarter worth $34,000. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Down 0.4%

KO stock opened at $77.34 on Friday. The stock’s 50 day simple moving average is $75.64 and its 200 day simple moving average is $71.39. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $82.00. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.46. The company has a market cap of $332.60 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 3.24 and a beta of 0.35.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The firm 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%.The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Increases Dividend

The firm 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. The ex-dividend date is Friday, March 13th. This is a positive change from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 2.7%. CocaCola’s dividend payout ratio is currently 67.11%.

Insider Transactions at CocaCola

In other 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 transaction of $26,046,230.40. Following the completion of the transaction, the chief executive officer directly owned 342,546 shares in the company, valued at $26,410,296.60. This trade represents a 49.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 directly owned 223,330 shares of the company’s stock, valued at approximately $17,754,735. The trade was a 9.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 892,925 shares of company stock valued at $70,254,796. Corporate insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KO. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $83.00 price target on shares of CocaCola in a report on Thursday, January 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective on shares of CocaCola from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Barclays upped their target price on CocaCola from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, Morgan Stanley set a $88.00 price target on CocaCola in a report on Wednesday. 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 data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $84.40.

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.