AXQ Capital LP bought a new position in shares of CocaCola Company (The) (NYSE:KO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,180 shares of the company's stock, valued at approximately $2,940,000.
Several other large investors also recently modified their holdings of the business. Anfield Capital Management LLC boosted its stake in CocaCola by 438.8% during the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company's stock valued at $25,000 after acquiring an additional 294 shares during the last quarter. Louisbourg Investments Inc. bought a new stake in shares of CocaCola in the 1st quarter worth about $25,000. Headlands Technologies LLC bought a new stake in shares of CocaCola in the 2nd quarter worth about $26,000. Evolution Wealth Management Inc. raised its stake in shares of CocaCola by 1,081.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company's stock valued at $27,000 after purchasing an additional 357 shares in the last quarter. Finally, Guardian Partners Inc. bought a new position in shares of CocaCola during the second quarter worth about $27,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.
CocaCola Stock Performance
KO opened at $88.86 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The business's 50 day moving average is $85.99 and its 200-day moving average is $81.13. The stock has a market cap of $382.32 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 3.44 and a beta of 0.34. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $92.49.
CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. The business had revenue of $13.37 billion during the quarter, compared to analyst estimates of $13.17 billion. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, analysts predict that CocaCola Company will post 3.29 earnings per share for the current year.
CocaCola Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. CocaCola's dividend payout ratio (DPR) is currently 63.66%.
Insider Buying and Selling at CocaCola
In related news, CFO John Murphy sold 152,483 shares of CocaCola stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $87.31, for a total transaction of $13,313,290.73. Following the transaction, the chief financial officer directly owned 279,917 shares of the company's stock, valued at $24,439,553.27. The trade was a 35.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 381,140 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $90.04, for a total transaction of $34,317,845.60. Following the completion of the sale, the chairman owned 122,833 shares in the company, valued at approximately $11,059,883.32. This trade represents a 75.63% decrease in their ownership of the stock. 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. Over the last ninety days, insiders have sold 1,050,604 shares of company stock valued at $93,022,219. 0.90% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Morgan Stanley reiterated an "overweight" rating and issued a $100.00 price target (up from $89.00) on shares of CocaCola in a research note on Wednesday, July 29th. TD Cowen increased their target price on shares of CocaCola from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on shares of CocaCola from $90.00 to $96.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Argus lifted their price target on shares of CocaCola from $91.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, Seaport Research Partners set a $95.00 price objective on shares of CocaCola in a research report on Friday, August 14th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $95.76.
View Our Latest Stock Analysis on KO
About CocaCola
(
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.
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