CocaCola Company (The) $KO Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc lessened its holdings in shares of CocaCola Company (The) (NYSE:KOFree Report) by 25.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,470 shares of the company’s stock after selling 31,997 shares during the quarter. Prospera Financial Services Inc’s holdings in CocaCola were worth $6,467,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of CocaCola by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 374,771,512 shares of the company’s stock worth $26,200,276,000 after purchasing an additional 5,886,352 shares in the last quarter. State Street Corp lifted its position in shares of CocaCola by 0.6% during the third quarter. State Street Corp now owns 165,858,003 shares of the company’s stock worth $11,083,296,000 after purchasing an additional 923,278 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of CocaCola by 15.1% during the third quarter. Franklin Resources Inc. now owns 39,094,276 shares of the company’s stock worth $2,592,732,000 after purchasing an additional 5,135,198 shares in the last quarter. Legal & General Group Plc lifted its position in shares of CocaCola by 2.8% during the third quarter. Legal & General Group Plc now owns 28,051,787 shares of the company’s stock worth $1,860,395,000 after purchasing an additional 770,235 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of CocaCola by 5.5% during the third quarter. Invesco Ltd. now owns 26,721,843 shares of the company’s stock worth $1,772,193,000 after purchasing an additional 1,393,760 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Up 0.1%

Shares of NYSE:KO opened at $81.56 on Monday. The firm’s 50 day moving average price is $77.41 and its 200 day moving average price is $74.70. The stock has a market cap of $350.90 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 3.26 and a beta of 0.35. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $82.66. 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:KOGet Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $12.24 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last 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, equities research analysts predict that CocaCola Company will post 3.26 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

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

Insider Activity at CocaCola

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

Trending Headlines about CocaCola

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Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KO. Jefferies Financial Group increased their price target on shares of CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. TD Cowen raised their target price on shares of 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 target price on shares of CocaCola in a report on Wednesday, February 11th. Royal Bank Of Canada set a $87.00 target price on shares of CocaCola in a report on Wednesday, February 11th. Finally, Weiss Ratings raised shares of CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Fifteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat, CocaCola presently has an average rating of “Buy” and an average target price of $86.80.

Read Our Latest Stock Analysis on CocaCola

CocaCola 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.

See Also

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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