von Borstel & Associates Inc. Takes Position in CocaCola Company (The) $KO

von Borstel & Associates Inc. bought a new position in shares of CocaCola Company (The) (NYSE:KO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,989 shares of the company’s stock, valued at approximately $563,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in CocaCola during the second quarter worth about $3,846,270,000. Vanguard Group Inc. grew its stake in CocaCola by 1.7% in the second quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock valued at $25,996,519,000 after purchasing an additional 6,241,163 shares in the last quarter. Laurel Wealth Advisors LLC increased its position in shares of CocaCola by 7,239.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 6,149,632 shares of the company’s stock worth $435,086,000 after purchasing an additional 6,065,840 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of CocaCola by 15.1% during the 3rd 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. Finally, Assenagon Asset Management S.A. raised its stake in shares of CocaCola by 343.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,486,096 shares of the company’s stock worth $297,518,000 after purchasing an additional 3,474,015 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other CocaCola news, insider Bruno Pietracci sold 28,765 shares of CocaCola stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total value of $2,284,228.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Monica Howard Douglas sold 23,880 shares of CocaCola stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $77.37, for a total transaction of $1,847,595.60. Following the completion of the sale, the executive vice president owned 17,725 shares of the company’s stock, valued at approximately $1,371,383.25. The trade was a 57.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 892,925 shares of company stock valued at $70,254,796 in the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

CocaCola Stock Down 0.4%

KO stock opened at $77.34 on Friday. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $82.00. The business’s 50 day simple moving average is $75.64 and its 200 day simple moving average is $71.37. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $332.60 billion, a PE ratio of 25.44, a PEG ratio of 3.25 and a beta of 0.35.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $11.82 billion for the quarter, compared to analyst estimates of $12.04 billion. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. As a group, research analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.53 per share. This is an increase from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, March 13th. CocaCola’s payout ratio is 67.11%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KO. Truist Financial set a $85.00 target price on shares of CocaCola in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research report on Thursday, January 22nd. Citigroup increased their price target on shares of CocaCola from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada set a $87.00 price objective on shares of CocaCola in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to MarketBeat, CocaCola currently has an average rating of “Buy” and an average target price 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.