Larson Financial Group LLC Grows Position in CocaCola Company (The) $KO

Larson Financial Group LLC boosted its stake in shares of CocaCola Company (The) (NYSE:KOFree Report) by 18.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,952 shares of the company’s stock after purchasing an additional 7,282 shares during the period. Larson Financial Group LLC’s holdings in CocaCola were worth $3,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KO. Farther Finance Advisors LLC lifted its position in shares of CocaCola by 38.1% in the fourth quarter. Farther Finance Advisors LLC now owns 111,598 shares of the company’s stock valued at $7,802,000 after acquiring an additional 30,786 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of CocaCola by 82.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 49,700 shares of the company’s stock valued at $3,296,000 after acquiring an additional 22,444 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of 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 valued at $136,086,000 after acquiring an additional 57,407 shares in the last quarter. Nicola Wealth Management LTD. lifted its position in shares of CocaCola by 42.3% in the third quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock valued at $12,269,000 after acquiring an additional 55,000 shares in the last quarter. Finally, Atlantic Union Bankshares Corp lifted its position in shares of CocaCola by 19.9% in the third quarter. Atlantic Union Bankshares Corp now owns 120,866 shares of the company’s stock valued at $8,016,000 after acquiring an additional 20,032 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

CocaCola Trading Up 0.9%

Shares of KO stock opened at $81.90 on Wednesday. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $82.66. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The stock’s 50-day moving average price is $77.19 and its 200-day moving average price is $74.43. The stock has a market capitalization of $352.36 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 3.24 and a beta of 0.35.

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

CocaCola Dividend Announcement

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

Insider Transactions at CocaCola

In other news, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $18,074,096.90. The trade was a 12.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 200,000 shares of CocaCola stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $78.90, for a total value of $15,780,000.00. Following the completion of the sale, the chairman directly owned 78,155 shares in the company, valued at $6,166,429.50. This trade represents a 71.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 786,726 shares of company stock valued at $62,547,977. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Royal Bank Of Canada set a $87.00 price objective on CocaCola in a research report on Wednesday, February 11th. Barclays boosted their price objective on CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. UBS Group boosted their price objective on CocaCola from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, TD Cowen boosted their price objective on CocaCola from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Fifteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and an average price target of $86.53.

View Our Latest Analysis on KO

CocaCola Company Profile

(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.

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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