Petros Family Wealth LLC Boosts Holdings in CocaCola Company (The) $KO

Petros Family Wealth LLC boosted its holdings in CocaCola Company (The) (NYSE:KO) by 196.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,877 shares of the company’s stock after purchasing an additional 8,536 shares during the quarter. Petros Family Wealth LLC’s holdings in CocaCola were worth $979,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of CocaCola in the fourth quarter worth $3,865,807,000. Cardano Risk Management B.V. grew its stake in CocaCola by 867.2% during the fourth quarter. Cardano Risk Management B.V. now owns 14,432,190 shares of the company’s stock valued at $1,008,954,000 after acquiring an additional 12,939,959 shares in the last quarter. Marshall Wace LLP increased its holdings in CocaCola by 1,206.9% in the 4th quarter. Marshall Wace LLP now owns 10,641,007 shares of the company’s stock valued at $743,913,000 after acquiring an additional 9,826,768 shares during the last quarter. Bank of America Corp DE increased its holdings in CocaCola by 29.2% in the 4th quarter. Bank of America Corp DE now owns 40,182,323 shares of the company’s stock valued at $2,809,146,000 after acquiring an additional 9,078,447 shares during the last quarter. Finally, Capital World Investors lifted its stake in CocaCola by 98.7% in the 4th quarter. Capital World Investors now owns 12,573,527 shares of the company’s stock worth $879,015,000 after purchasing an additional 6,246,627 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Sanford C. Bernstein began coverage on shares of CocaCola in a report on Thursday, June 11th. They set a “market perform” rating and a $84.00 price objective for the company. Morgan Stanley set a $89.00 target price on CocaCola in a research report on Wednesday, June 10th. JPMorgan Chase & Co. increased their price target on CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised their price target on CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 16th. Finally, Truist Financial set a $88.00 price objective on CocaCola in a research note on Friday, June 26th. Fifteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, CocaCola has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Insider Activity

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 223,330 shares in the company, valued at $18,074,096.90. The trade was a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 100,000 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $79.46, for a total transaction of $7,946,000.00. Following the completion of the sale, the executive vice president directly owned 181,384 shares in the company, valued at approximately $14,412,772.64. This represents a 35.54% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders have sold 899,905 shares of company stock valued at $71,832,315. 0.90% of the stock is currently owned by insiders.

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola and Marriott announced a global beverage agreement that will place Coca-Cola products across Marriott’s hotel portfolio worldwide, expanding KO’s access to travelers and a major hospitality channel. Article Title
• Positive Sentiment: Reports highlighted that the Marriott deal covers nearly 10,000 hotels, which could broaden Coca-Cola’s international distribution and brand visibility in a high-traffic consumer setting. Article Title
• Positive Sentiment: Analysts and market commentary continue to point to Coca-Cola’s strong brand power and steady market-share gains as supportive factors for the stock. Article Title
• Neutral Sentiment: KO also drew extra investor attention on Zacks, but that note did not include a specific new fundamental catalyst beyond increased interest in the stock. Article Title

CocaCola Price Performance

KO stock opened at $81.28 on Thursday. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $84.04. The firm has a market capitalization of $349.73 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 3.25 and a beta of 0.34. The company has a fifty day simple moving average of $79.81 and a two-hundred day simple moving average of $76.57. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09.

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

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.6%. CocaCola’s payout ratio is currently 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.