State Street Corp Increases Stock Holdings in CocaCola Company (The) $KO

State Street Corp boosted its holdings in CocaCola Company (The) (NYSE:KO) by 0.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 167,399,379 shares of the company’s stock after buying an additional 176,984 shares during the quarter. State Street Corp’s holdings in CocaCola were worth $13,691,875,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Louisbourg Investments Inc. purchased a new stake in CocaCola in the 1st quarter valued at about $25,000. Guardian Partners Inc. purchased a new position in shares of CocaCola during the 2nd quarter worth about $27,000. Evolution Wealth Management Inc. lifted its holdings in shares of CocaCola by 1,081.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after acquiring an additional 357 shares during the period. Bard Associates Inc. acquired a new stake in shares of CocaCola in the fourth quarter worth approximately $30,000. Finally, Timbuktu Capital Management LLC acquired a new stake in shares of CocaCola in the second quarter worth approximately $41,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other CocaCola news, CFO John Murphy sold 152,483 shares of CocaCola stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $87.31, for a total transaction of $13,313,290.73. Following the sale, the chief financial officer directly owned 279,917 shares in the company, valued at $24,439,553.27. The trade was a 35.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Bruno Pietracci sold 111,365 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $90.93, for a total value of $10,126,419.45. Following the completion of the transaction, the insider directly owned 41,365 shares in the company, valued at approximately $3,761,319.45. The trade was a 72.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 926,620 shares of company stock worth $83,075,714 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

CocaCola Stock Up 1.4%

CocaCola stock traded up $1.25 during midday trading on Tuesday, hitting $88.38. 4,932,404 shares of the stock were exchanged, compared to its average volume of 16,945,387. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $92.49. The firm has a market cap of $380.24 billion, a P/E ratio of 26.55, a P/E/G ratio of 3.44 and a beta of 0.34. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. The company has a 50 day moving average price of $87.22 and a two-hundred day moving average price of $81.83.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The company had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $13.17 billion. During the same period in the prior year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, sell-side analysts predict that CocaCola Company will post 3.29 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.4%. CocaCola’s dividend payout ratio is currently 63.66%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of CocaCola from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, September 3rd. Seaport Research Partners set a $95.00 price target on shares of CocaCola in a report on Friday, August 14th. TD Cowen boosted their price objective on shares of CocaCola from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein restated a “market perform” rating and set a $93.00 price objective on shares of CocaCola in a report on Wednesday, July 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $100.00 target price (up from $89.00) on shares of CocaCola in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.76.

CocaCola Company Profile

The Coca-Cola Company (NYSE: KO) is a global beverage company best known for its Coca-Cola soft drink, which was first introduced in 1886. The company was incorporated in 1892 and has grown into one of the world’s largest beverage businesses.

Its portfolio includes sparkling soft drinks such as Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite and Fanta, along with water, sports drinks, coffee, tea, juice and dairy-based beverages. Other brands associated with the company include Dasani, smartwater, Powerade, Minute Maid, Simply, Costa Coffee, fairlife and Topo Chico.

The Coca-Cola Company primarily develops, owns and markets beverage brands, while relying on a global network of independent bottling partners and distributors to manufacture, package and deliver many of its products.