CocaCola Company (The) $KO Shares Bought by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC lifted its stake in CocaCola Company (The) (NYSE:KO) by 505.0% in the fourth quarter, HoldingsChannel reports. The fund owned 62,225 shares of the company’s stock after purchasing an additional 51,940 shares during the quarter. WealthPlan Investment Management LLC’s holdings in CocaCola were worth $4,350,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Noesis Capital Mangement Corp lifted its stake in shares of CocaCola by 5.7% in the 4th quarter. Noesis Capital Mangement Corp now owns 3,852 shares of the company’s stock worth $269,000 after acquiring an additional 209 shares during the period. Hills Bank & Trust Co lifted its stake in shares of CocaCola by 0.5% in the 4th quarter. Hills Bank & Trust Co now owns 39,768 shares of the company’s stock worth $2,780,000 after acquiring an additional 186 shares during the period. Qsemble Capital Management LP lifted its stake in shares of CocaCola by 5.6% in the 4th quarter. Qsemble Capital Management LP now owns 162,862 shares of the company’s stock worth $11,386,000 after acquiring an additional 8,588 shares during the period. Center for Financial Planning Inc. lifted its stake in shares of CocaCola by 1.2% in the 4th quarter. Center for Financial Planning Inc. now owns 23,267 shares of the company’s stock worth $1,627,000 after acquiring an additional 278 shares during the period. Finally, Lawood & Co. acquired a new stake in shares of CocaCola in the 4th quarter worth approximately $1,595,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CocaCola

In other news, Chairman James Quincey sold 200,000 shares of the business’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 in the company, valued at $6,166,429.50. The trade was a 71.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 23,556 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.50, for a total transaction of $1,872,702.00. Following the sale, the executive vice president owned 223,330 shares in the company, valued at $17,754,735. This represents a 9.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 755,101 shares of company stock valued at $59,988,566 over the last three months. 0.90% of the stock is owned by insiders.

CocaCola Stock Up 0.5%

NYSE KO opened at $80.86 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The company’s 50 day simple moving average is $77.00 and its 200 day simple moving average is $74.23. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $82.00. The company has a market capitalization of $347.92 billion, a P/E ratio of 25.43, a PEG ratio of 3.23 and a beta of 0.35.

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

CocaCola Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KO. Deutsche Bank Aktiengesellschaft upped their price target on shares of CocaCola from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. Truist Financial set a $85.00 target price on shares of CocaCola in a report on Wednesday, February 11th. UBS Group boosted their target price on shares of CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Finally, Barclays boosted their target price on shares of CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Fifteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently 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.