Traveka Wealth LLC decreased its stake in CocaCola Company (The) (NYSE:KO – Free Report) by 49.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,394 shares of the company’s stock after selling 25,060 shares during the period. Traveka Wealth LLC’s holdings in CocaCola were worth $1,775,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of KO. Apexium Financial LP grew its position in shares of CocaCola by 1.2% during the third quarter. Apexium Financial LP now owns 12,154 shares of the company’s stock worth $810,000 after purchasing an additional 142 shares in the last quarter. Prosperity Financial Group Inc. boosted its position in shares of CocaCola by 3.9% during the third quarter. Prosperity Financial Group Inc. now owns 3,957 shares of the company’s stock worth $262,000 after acquiring an additional 148 shares during the last quarter. Ashton Thomas Securities LLC grew its stake in CocaCola by 1.2% during the third quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock valued at $835,000 after acquiring an additional 149 shares in the last quarter. Diversified Enterprises LLC increased its holdings in CocaCola by 1.0% in the 3rd quarter. Diversified Enterprises LLC now owns 14,656 shares of the company’s stock valued at $972,000 after acquiring an additional 150 shares during the last quarter. Finally, Capital Management Associates Inc boosted its holdings in shares of CocaCola by 4.0% during the 3rd quarter. Capital Management Associates Inc now owns 3,915 shares of the company’s stock valued at $260,000 after purchasing an additional 150 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.
CocaCola Trading Down 1.0%
Shares of KO opened at $74.76 on Monday. The company’s fifty day simple moving average is $76.41 and its 200-day simple moving average is $71.67. The company has a market cap 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 current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $82.00.
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 given a $0.53 dividend. This is a boost from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 annualized dividend and a yield of 2.8%. CocaCola’s dividend payout ratio is currently 69.74%.
CocaCola News Roundup
Here are the key news stories impacting CocaCola this week:
- Positive Sentiment: Jefferies raised its price target on KO to $90 (from $87) and reiterated a Buy rating, citing shifting consumer trends that could help growth — a near‑term bullish signal from the Street. Jefferies Raises Coca‑Cola (KO) Target
- Positive Sentiment: Warren Buffett’s Berkshire Hathaway continues to hold Coca‑Cola and commentary highlights how time and dividends have produced strong long‑term returns — a reaffirmation of institutional confidence. Warren Buffett’s Berkshire Hathaway Is Doubling Its Money in Coca‑Cola…
- Positive Sentiment: Coca‑Cola was highlighted as a top dividend‑growth name in investor roundups, reinforcing its appeal to income and defensive investors. 3 Best Dividend Growth Stocks to Buy in March
- Neutral Sentiment: Zacks flagged rising investor attention in KO searches and summarized key data points investors should know — useful context but not a direct catalyst. CocaCola Company (The) (KO) is Attracting Investor Attention
- Neutral Sentiment: Analyst commentary pieces offer mixed takeaways on consumer staples peers and Coca‑Cola’s positioning; useful for longer‑term thesis but not an immediate market mover. Analysts Offer Insights on Consumer Goods Companies: Coca‑Cola (KO)…
- Negative Sentiment: Market coverage noted KO’s recent intraday/near‑term decline and that the stock has underperformed the broader market in recent trading sessions, contributing to downward pressure. Coca‑Cola (KO) Declines More Than Market
- Negative Sentiment: Valuation checks and coverage noting a cooled share price amid a CEO handover, Sprite’s NBA return and product launches add near‑term uncertainty that can pressure sentiment until execution is clearer. Coca‑Cola (KO) Valuation Check As Sprite Returns To NBA…
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Barclays raised their price target on CocaCola from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Thursday, January 22nd. Wells Fargo & Company upped their price target on shares of CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. UBS Group lifted their price objective on shares of CocaCola from $82.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Citigroup upped their target price on shares of CocaCola from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $84.60.
View Our Latest Research Report on KO
Insider Buying and Selling at CocaCola
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 value of $19,839,448.32. Following the transaction, the chief executive officer directly owned 278,155 shares in the company, valued at $22,013,186.70. This represents a 47.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Murphy sold 72,449 shares of CocaCola stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $80.52, for a total transaction of $5,833,593.48. Following the sale, the chief financial officer directly owned 279,917 shares of the company’s stock, valued at $22,538,916.84. This represents a 20.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, 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.
See Also
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO – Free Report).
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