SOL Capital Management CO Purchases 6,910 Shares of CocaCola Company (The) $KO

SOL Capital Management CO increased its position in shares of CocaCola Company (The) (NYSE:KO) by 164.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 11,100 shares of the company’s stock after purchasing an additional 6,910 shares during the quarter. CocaCola comprises approximately 0.3% of SOL Capital Management CO’s portfolio, making the stock its 29th biggest holding. SOL Capital Management CO’s holdings in CocaCola were worth $791,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in CocaCola during the 4th quarter worth $3,865,807,000. Cardano Risk Management B.V. boosted its position in shares of CocaCola by 867.2% in 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 during the period. Marshall Wace LLP boosted its position in shares of CocaCola by 1,206.9% in the fourth 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 period. Bank of America Corp DE grew its stake in shares of CocaCola by 29.2% in the fourth 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 in the last quarter. Finally, Capital World Investors grew its stake in shares of CocaCola by 98.7% in the fourth quarter. Capital World Investors now owns 12,573,527 shares of the company’s stock valued at $879,015,000 after acquiring an additional 6,246,627 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Up 3.2%

KO stock opened at $83.93 on Friday. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $84.14. The business has a 50-day simple moving average of $79.99 and a 200 day simple moving average of $76.67. 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 market cap of $361.11 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.25 and a beta of 0.34.

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

CocaCola Announces Dividend

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

Insider Buying and Selling

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of the business’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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $80.13, for a total value of $34,960,398.48. Following the sale, the chairman owned 122,833 shares of the company’s stock, valued at $9,842,608.29. The trade was a 78.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $71,832,315. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the subject of several analyst reports. TD Cowen lifted their price objective on shares of CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Jefferies Financial Group increased their target price on shares of CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. 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 report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, March 30th. Finally, Truist Financial set a $88.00 price target on CocaCola in a research note on Friday, June 26th. Fifteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

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 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.