CocaCola Company (The) $KO Shares Bought by National Pension Service

Key Points

• National Pension Service increased its Coca-Cola stake by 2.4% in the fourth quarter, bringing its holdings to 9.1 million shares valued at about $636.6 million.
• Coca-Cola posted stronger-than-expected quarterly results, reporting EPS of $0.86 and revenue of $12.47 billion, both above analyst estimates, with revenue up 11.4% year over year.
• The company also announced a quarterly dividend of $0.53 per share, payable July 1, representing an annualized dividend of $2.12 and a yield of 2.6%.

National Pension Service raised its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,105,640 shares of the company's stock after purchasing an additional 217,403 shares during the quarter. National Pension Service owned 0.21% of CocaCola worth $636,575,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KO. Anfield Capital Management LLC raised its holdings in CocaCola by 438.8% in the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company's stock valued at $25,000 after buying an additional 294 shares during the period. Headlands Technologies LLC acquired a new position in CocaCola in the second quarter valued at about $26,000. Cloud Capital Management LLC purchased a new position in CocaCola during the third quarter worth about $27,000. Daytona Street Capital LLC acquired a new stake in shares of CocaCola during the fourth quarter valued at about $29,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of CocaCola during the third quarter valued at about $30,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Trading Down 1.4%

NYSE KO opened at $80.45 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. The firm has a market cap of $346.13 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 3.26 and a beta of 0.35. The firm has a 50 day simple moving average of $77.69 and a 200-day simple moving average of $75.03. CocaCola Company has a one year low of $65.35 and a one year high of $82.66.

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

CocaCola Announces Dividend

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

Insiders Place Their Bets

In related news, Chairman James Quincey sold 200,000 shares of CocaCola stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $78.90, for a total value of $15,780,000.00. Following the completion of the transaction, the chairman directly owned 78,155 shares in the company, valued at approximately $6,166,429.50. This trade represents a 71.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nancy Quan sold 31,625 shares of the business's 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 transaction, the executive vice president directly owned 223,330 shares of the company's stock, valued at $18,074,096.90. The trade was a 12.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 630,963 shares of company stock valued at $50,016,979. 0.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KO shares. Jefferies Financial Group upped their price objective on shares of CocaCola from $87.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, March 16th. Royal Bank Of Canada set a $87.00 target price on shares of CocaCola in a report on Wednesday, February 11th. Barclays boosted their target price on CocaCola from $85.00 to $89.00 and gave the company an "overweight" rating in a research report on Thursday, May 21st. Morgan Stanley set a $88.00 price target on CocaCola in a research report on Wednesday, March 11th. Finally, Citigroup lifted their price objective on CocaCola from $90.00 to $91.00 and gave the company a "buy" rating in a research note on Monday, May 18th. Fifteen research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $86.80.

CocaCola Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.