Buck Wealth Strategies LLC Boosts Stock Position in CocaCola Company (The) $KO

Key Points

• Buck Wealth Strategies LLC increased its Coca-Cola stake by 8.4% in the fourth quarter, buying 13,312 more shares and bringing its total to 172,041 shares worth about $12.0 million.
• Wall Street sentiment on KO remains positive, with several firms raising price targets and the stock carrying a consensus Buy rating and average target of $86.27.
• Coca-Cola reported strong quarterly results, beating earnings and revenue estimates, and also announced a quarterly dividend of $0.53 per share, implying a 2.7% yield.

Buck Wealth Strategies LLC increased its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 8.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 172,041 shares of the company's stock after buying an additional 13,312 shares during the period. CocaCola accounts for about 1.5% of Buck Wealth Strategies LLC's holdings, making the stock its 25th largest holding. Buck Wealth Strategies LLC's holdings in CocaCola were worth $12,027,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in shares of CocaCola by 38.1% during the fourth quarter. Farther Finance Advisors LLC now owns 111,598 shares of the company's stock valued at $7,802,000 after purchasing an additional 30,786 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of CocaCola by 82.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 49,700 shares of the company's stock valued at $3,296,000 after purchasing an additional 22,444 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of CocaCola by 2.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company's stock valued at $136,086,000 after purchasing an additional 57,407 shares in the last quarter. Nicola Wealth Management LTD. grew its position in shares of CocaCola by 42.3% during the third quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company's stock valued at $12,269,000 after purchasing an additional 55,000 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of CocaCola by 1.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company's stock valued at $690,311,000 after purchasing an additional 198,886 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KO. JPMorgan Chase & Co. raised their price objective on CocaCola from $83.00 to $85.00 and gave the company an "overweight" rating in a research report on Wednesday, April 29th. Truist Financial set a $85.00 price objective on CocaCola in a research report on Wednesday, February 11th. UBS Group raised their price objective on CocaCola from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Evercore restated an "outperform" rating and set a $85.00 price objective on shares of CocaCola in a research report on Wednesday, February 11th. Finally, Morgan Stanley set a $88.00 price objective on CocaCola in a research report on Wednesday, March 11th. Fifteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $86.27.

Insider Activity

In other news, insider Bruno Pietracci sold 28,765 shares of CocaCola stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John Murphy sold 72,449 shares of CocaCola stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $80.52, for a total transaction of $5,833,593.48. Following the sale, the chief financial officer directly owned 279,917 shares of the company's stock, valued at $22,538,916.84. This represents a 20.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 555,101 shares of company stock valued at $44,208,566. Insiders own 0.90% of the company's stock.

CocaCola Stock Performance

CocaCola stock opened at $78.40 on Friday. The company has a 50 day moving average price of $77.03 and a 200-day moving average price of $73.84. 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 fifty-two week low of $65.35 and a fifty-two week high of $82.00. The company has a market capitalization of $337.32 billion, a PE ratio of 24.65, a P/E/G ratio of 3.13 and a beta of 0.35.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $12.24 billion. During the same quarter in the previous year, the firm posted $0.73 earnings per share. The company's revenue was up 11.4% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, equities analysts forecast that CocaCola Company will post 3.26 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola's payout ratio is currently 66.67%.

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.

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