CocaCola Company (The) $KO Position Cut by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. trimmed its stake in CocaCola Company (The) (NYSE:KO) by 17.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 360,275 shares of the company’s stock after selling 76,070 shares during the quarter. CocaCola makes up about 0.8% of Lockheed Martin Investment Management Co.’s investment portfolio, making the stock its 25th largest holding. Lockheed Martin Investment Management Co.’s holdings in CocaCola were worth $25,187,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Anfield Capital Management LLC increased its holdings in shares of CocaCola by 438.8% during the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after purchasing an additional 294 shares during the period. Headlands Technologies LLC acquired a new position in shares of CocaCola during the second quarter valued at $26,000. Daytona Street Capital LLC acquired a new position in shares of CocaCola during the fourth quarter valued at $29,000. Cloud Capital Management LLC acquired a new position in shares of CocaCola during the third quarter valued at $27,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of CocaCola during the fourth quarter valued at $30,000. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Price Performance

NYSE:KO opened at $80.86 on Friday. The business’s 50-day moving average price is $77.00 and its 200 day moving average price is $74.23. The firm has a market cap of $347.92 billion, a P/E ratio of 25.43, a PEG ratio of 3.21 and a beta of 0.35. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $82.00. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $12.47 billion for the quarter, compared to analyst estimates of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.CocaCola’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, sell-side analysts predict that CocaCola Company will post 3.26 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s payout ratio is presently 66.67%.

Insider Activity

In related news, EVP Nancy Quan sold 23,556 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.50, for a total value of $1,872,702.00. Following the completion of the transaction, the executive vice president owned 223,330 shares in the company, valued at $17,754,735. This trade represents a 9.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bruno Pietracci sold 28,765 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total value of $2,284,228.65. The SEC filing for this sale provides additional information. Insiders sold 755,101 shares of company stock valued at $59,988,566 over the last quarter. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of research analyst reports. TD Cowen raised their price target on CocaCola from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Truist Financial set a $85.00 price target on CocaCola in a report on Wednesday, February 11th. Wells Fargo & Company raised their price target on CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Citigroup raised their price target on CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Barclays raised their price target on CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, CocaCola has an average rating of “Buy” and an average price target of $86.27.

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.