Jackson Thornton Wealth Management LLC Buys 12,288 Shares of CocaCola Company (The) $KO

Jackson Thornton Wealth Management LLC grew its position in CocaCola Company (The) (NYSE:KO) by 275.1% during the first quarter, HoldingsChannel reports. The firm owned 16,754 shares of the company’s stock after buying an additional 12,288 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in CocaCola were worth $1,298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in KO. Vanguard Group Inc. lifted its holdings 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 buying an additional 5,886,352 shares during the last quarter. State Street Corp lifted its holdings in shares of CocaCola by 1.2% during the 4th quarter. State Street Corp now owns 167,850,330 shares of the company’s stock worth $11,734,417,000 after acquiring an additional 1,992,327 shares during the period. Geode Capital Management LLC lifted its stake in CocaCola by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 89,984,203 shares of the company’s stock worth $6,273,037,000 after purchasing an additional 433,547 shares during the period. Norges Bank acquired a new stake in CocaCola in the 4th quarter valued at $3,865,807,000. Finally, Franklin Resources Inc. boosted its stake in shares of CocaCola by 3.1% in the 4th quarter. Franklin Resources Inc. now owns 40,289,857 shares of the company’s stock valued at $2,816,697,000 after purchasing an additional 1,195,581 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Price Performance

KO opened at $84.00 on Wednesday. The stock has a market cap of $361.39 billion, a P/E ratio of 26.41, a P/E/G ratio of 3.31 and a beta of 0.34. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $85.68. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. The company has a fifty day simple moving average of $80.46 and a 200 day simple moving average of $76.94.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $12.24 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, research analysts expect that CocaCola Company will post 3.26 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, June 15th. CocaCola’s dividend payout ratio is presently 66.67%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KO. Weiss Ratings upgraded CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of CocaCola from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, March 30th. Piper Sandler reiterated an “overweight” rating on shares of CocaCola in a research report on Friday, June 26th. Citigroup increased their price target on CocaCola from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Jefferies Financial Group raised their price target on CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Fifteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, CocaCola currently has an average rating of “Moderate Buy” and an average target price of $86.88.

Insiders Place Their Bets

In other CocaCola news, Chairman James Quincey sold 436,296 shares of CocaCola stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $80.13, for a total value of $34,960,398.48. Following the transaction, the chairman owned 122,833 shares of the company’s stock, valued at approximately $9,842,608.29. The trade was a 78.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the completion of the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at $18,074,096.90. This trade represents 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. In the last three months, insiders have sold 899,905 shares of company stock worth $71,832,315. Company insiders own 0.90% of the company’s stock.

Key CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Investors continue to favor Coca-Cola as a defensive consumer-staples name, with commentary highlighting strong year-to-date gains, consistent earnings beats, and “flight to quality” demand. Forget Coca-Cola, Choose Duke Energy
• Positive Sentiment: Analysts and market coverage point to Coca-Cola’s steady growth profile and defensive appeal, which can help support the stock when investors rotate toward lower-volatility names. Coca-Cola (NYSE:KO) Pullback Puts Defensive Appeal In Focus
• Positive Sentiment: Recent articles also highlight Coca-Cola’s new product launches and North American volume growth, reinforcing the company’s ability to drive demand even with mixed international trends. Coca-Cola launches 5 hard-to-find new flavors
• Positive Sentiment: Coverage ahead of earnings suggests Coca-Cola may be trading near record levels as investors anticipate another solid report later this month. Should You Buy Coca-Cola Stock Before July 28?
• Neutral Sentiment: Several pieces focused on performance comparisons and analyst sentiment, including a “Moderate Buy” average rating, but these appear more informational than stock-moving. CocaCola Company (The) (NYSE:KO) Given Average Rating of “Moderate Buy” by Analysts
• Negative Sentiment: Walmart’s price cuts on Coca-Cola 24-packs have raised questions about KO’s pricing power and whether the stock is getting expensive after its recent run. Coca Cola (KO) Faces Walmart Price Cuts, Is It Still Overvalued?
• Negative Sentiment: A recent downgrade note and reports of softer global demand could create some caution, especially if investors worry North American growth may not fully offset international weakness. Coca-Cola: Steady Growth Wins The Race (Rating Downgrade)

CocaCola 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.