CocaCola Company (The) $KO Shares Sold by Leonteq Securities AG

Leonteq Securities AG reduced its position in CocaCola Company (The) (NYSE:KO) by 69.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 25,702 shares of the company’s stock after selling 58,956 shares during the period. Leonteq Securities AG’s holdings in CocaCola were worth $1,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KO. Norges Bank acquired a new stake in CocaCola during the fourth quarter worth about $3,865,807,000. Cardano Risk Management B.V. lifted its stake in shares of CocaCola by 867.2% in the 4th quarter. Cardano Risk Management B.V. now owns 14,432,190 shares of the company’s stock valued at $1,008,954,000 after purchasing an additional 12,939,959 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of 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 purchasing an additional 9,826,768 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of CocaCola by 29.2% during the 4th quarter. Bank of America Corp DE now owns 40,182,323 shares of the company’s stock worth $2,809,146,000 after purchasing an additional 9,078,447 shares during the period. Finally, Capital World Investors grew its holdings in shares of CocaCola by 98.7% during 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 during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Trending Headlines about CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola announced a global beverage agreement with Marriott International, making KO the worldwide beverage supplier across Marriott’s hotel portfolio and expanding access to a large travel and hospitality channel. Article Title
• Positive Sentiment: Investor commentary and stock-screening coverage continue to frame Coca-Cola as an attractive dividend and blue-chip holding, citing improving revenue and profitability trends ahead of earnings. Article Title
• Positive Sentiment: Market coverage singled out KO among five blue-chip stocks with potential second-half momentum, adding to bullish sentiment around the shares. Article Title
• Neutral Sentiment: Search and analyst-interest pieces noted that investors have been paying closer attention to Coca-Cola, but these articles were more about visibility than a specific new catalyst. Article Title

CocaCola Price Performance

KO stock opened at $83.93 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $84.14. The firm has a market cap of $361.11 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 3.25 and a beta of 0.34. The stock has a 50-day simple moving average of $79.99 and a 200-day simple moving average of $76.67.

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

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were paid a dividend of $0.53 per share. The ex-dividend date was Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.5%. CocaCola’s dividend payout ratio (DPR) is currently 66.67%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KO. Citigroup increased their target price on shares of CocaCola from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Weiss Ratings raised shares of CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Piper Sandler reissued an “overweight” rating on shares of CocaCola in a research report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, March 30th. Fifteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $86.88.

Insider Transactions at CocaCola

In other 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 directly owned 223,330 shares of the company’s stock, valued at approximately $18,074,096.90. The trade was a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 436,296 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the completion of the transaction, the chairman owned 122,833 shares of the company’s stock, valued at $9,842,608.29. This trade represents a 78.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last three months, insiders have sold 899,905 shares of company stock valued at $71,832,315. Corporate insiders own 0.90% of the company’s stock.

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.