Baldwin Investment Management LLC Has $2.35 Million Stock Holdings in CocaCola Company (The) $KO

Key Points

• Baldwin Investment Management increased its Coca-Cola holdings by 127.6% in the second quarter, ending with 28,955 shares valued at approximately $2.35 million. Institutional investors collectively own 70.26% of the company.
• Analysts remain broadly positive, with 15 Buy ratings and three Holds, resulting in a consensus “Moderate Buy” rating and an average price target of $95.76.
• Coca-Cola exceeded quarterly expectations with adjusted earnings of $0.97 per share and revenue of $13.37 billion, while declaring a quarterly dividend of $0.53 per share, yielding about 2.3% annually.

Baldwin Investment Management LLC raised its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 127.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,955 shares of the company's stock after acquiring an additional 16,235 shares during the period. Baldwin Investment Management LLC's holdings in CocaCola were worth $2,353,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Everpar Advisors LLC grew its position in CocaCola by 0.9% during the 2nd quarter. Everpar Advisors LLC now owns 14,504 shares of the company's stock worth $1,179,000 after acquiring an additional 125 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in CocaCola by 0.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 40,879 shares of the company's stock worth $3,109,000 after acquiring an additional 129 shares during the period. HORAN Wealth LLC boosted its holdings in shares of CocaCola by 3.9% during the 1st quarter. HORAN Wealth LLC now owns 3,458 shares of the company's stock worth $263,000 after buying an additional 130 shares in the last quarter. Wills Financial Group LLC increased its stake in shares of CocaCola by 1.3% in the 1st quarter. Wills Financial Group LLC now owns 10,170 shares of the company's stock valued at $816,000 after acquiring an additional 133 shares in the last quarter. Finally, Lee Financial Co increased its stake in CocaCola by 0.5% in the second quarter. Lee Financial Co now owns 25,177 shares of the company's stock valued at $2,051,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Insider Buying and Selling

In other CocaCola news, insider Sanket Ray sold 9,958 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the sale, the insider directly owned 62,105 shares of the company's stock, valued at $5,372,082.50. The trade was a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jennifer K. Mann sold 100,000 shares of the business's stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $79.46, for a total value of $7,946,000.00. Following the completion of the sale, the executive vice president directly owned 181,384 shares of the company's stock, valued at approximately $14,412,772.64. This trade represents a 35.54% decrease in their position. 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. Insiders have sold 1,433,535 shares of company stock worth $121,922,698 over the last 90 days. Insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

KO has been the subject of several recent research reports. Barclays boosted their price objective on CocaCola from $91.00 to $93.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Jefferies Financial Group lifted their target price on shares of CocaCola from $95.00 to $104.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Argus boosted their price target on shares of CocaCola from $91.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Wells Fargo & Company upped their price objective on CocaCola from $90.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Finally, 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 research report on Wednesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, CocaCola presently has a consensus rating of "Moderate Buy" and an average price target of $95.76.

CocaCola Stock Up 1.8%

Shares of NYSE KO opened at $90.38 on Thursday. The business has a 50-day moving average of $83.95 and a 200-day moving average of $80.19. The firm has a market capitalization of $388.88 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 3.10 and a beta of 0.33. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $90.92. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.04. The firm had revenue of $13.37 billion for the quarter, compared to analysts' expectations of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Sell-side analysts expect that CocaCola Company will post 3.29 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 15th. CocaCola's dividend payout ratio (DPR) is presently 63.66%.

About CocaCola

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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