Keudell Morrison Wealth Management Acquires Shares of 10,288 CocaCola Company (The) $KO

Keudell Morrison Wealth Management acquired a new stake in shares of CocaCola Company (The) (NYSE:KOFree Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 10,288 shares of the company’s stock, valued at approximately $719,000.

Other institutional investors have also added to or reduced their stakes in the company. Anfield Capital Management LLC raised its position in CocaCola by 438.8% during the fourth 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 position in shares of CocaCola during the second quarter worth $26,000. Daytona Street Capital LLC acquired a new position in shares of CocaCola during the fourth quarter worth $29,000. Cloud Capital Management LLC acquired a new position in shares of CocaCola during the third quarter worth $27,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of CocaCola during the fourth quarter worth $30,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KO has been the subject of several research analyst reports. Barclays upped their price target on shares of CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday. Royal Bank Of Canada set a $87.00 price target on shares of CocaCola in a report on Wednesday, February 11th. Wells Fargo & Company upped their price target on shares of CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday. JPMorgan Chase & Co. upped their price target on shares of CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Citigroup upped their price target on shares of CocaCola from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Monday. Fifteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $86.80.

Read Our Latest Report on CocaCola

Insiders Place Their Bets

In related news, EVP Nancy Quan sold 31,625 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the completion of the sale, the executive vice president directly owned 223,330 shares in the company, valued at $18,074,096.90. This represents 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, insider Bruno Pietracci sold 28,765 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total transaction of $2,284,228.65. The SEC filing for this sale provides additional information. Insiders sold a total of 786,726 shares of company stock valued at $62,547,977 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

CocaCola Stock Performance

NYSE KO opened at $81.21 on Friday. The company has a market capitalization of $349.41 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 3.26 and a beta of 0.35. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $82.66. The stock has a fifty day simple moving average of $77.33 and a 200 day simple moving average of $74.60. 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:KOGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.CocaCola’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Sell-side analysts expect that CocaCola Company will post 3.26 EPS for the current year.

CocaCola Dividend Announcement

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

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

CocaCola Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KOFree Report).

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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