CocaCola Company (The) $KO Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp grew its stake in CocaCola Company (The) (NYSE:KO) by 0.8% during the 4th quarter, Holdings Channel reports. The fund owned 3,852,525 shares of the company’s stock after acquiring an additional 31,694 shares during the period. CocaCola comprises about 1.1% of King Luther Capital Management Corp’s portfolio, making the stock its 20th biggest position. King Luther Capital Management Corp’s holdings in CocaCola were worth $269,330,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KO. Anfield Capital Management LLC lifted its holdings in CocaCola by 438.8% in the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after purchasing an additional 294 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of CocaCola during the 2nd quarter worth about $26,000. Cloud Capital Management LLC purchased a new stake in shares of CocaCola during the third quarter worth about $27,000. Daytona Street Capital LLC acquired a new position in shares of CocaCola in the fourth quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of CocaCola in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling at CocaCola

In other CocaCola news, insider Bruno Pietracci sold 28,765 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman James Quincey sold 200,000 shares of CocaCola 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. This represents a 71.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 652,289 shares of company stock worth $51,739,054. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KO shares. UBS Group raised their target price on shares of CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company increased their price target on CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Weiss Ratings upgraded CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Citigroup lifted their price objective on CocaCola from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Truist Financial set a $85.00 target price on shares of CocaCola in a report on Wednesday, February 11th. Fifteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $86.80.

CocaCola Stock Performance

NYSE:KO opened at $80.60 on Wednesday. The firm’s fifty day simple moving average is $77.55 and its 200 day simple moving average is $74.87. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $82.66. The firm has a market capitalization of $346.78 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 3.26 and a beta of 0.35.

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

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.53 dividend. 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 dividend payout ratio (DPR) is 66.67%.

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.