CocaCola Company (The) $KO Shares Sold by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co reduced its Coca-Cola stake by 7.6% in the fourth quarter, selling 61,000 shares and leaving it with 744,000 shares valued at about $52.0 million.
• Coca-Cola reported strong quarterly results, with EPS of $0.86 beating estimates and revenue of $12.47 billion topping expectations; revenue rose 11.4% year over year.
• The company continues to reward shareholders with a quarterly dividend of $0.53 per share, equal to an annualized yield of 2.6%, while analysts remain bullish with a consensus Buy rating and $86.80 price target.

Ilmarinen Mutual Pension Insurance Co cut its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 7.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 744,000 shares of the company's stock after selling 61,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in CocaCola were worth $52,013,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KO. Anfield Capital Management LLC grew its position in CocaCola by 438.8% during the fourth 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 period. Headlands Technologies LLC purchased a new position in shares of CocaCola in the 2nd quarter worth about $26,000. Daytona Street Capital LLC acquired a new position in shares of CocaCola in the 4th quarter valued at about $29,000. Cloud Capital Management LLC purchased a new stake in shares of CocaCola during the 3rd quarter worth about $27,000. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of CocaCola during the 4th quarter worth about $30,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Performance

CocaCola stock opened at $80.45 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The stock has a 50 day moving average of $77.69 and a 200-day moving average of $75.03. The stock has a market cap of $346.13 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 3.26 and a beta of 0.35. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $82.66.

CocaCola (NYSE:KO - Get Free Report) last released 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. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The company 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 earned $0.73 EPS. 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. On average, analysts expect that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Announces Dividend

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

Insider Activity at CocaCola

In related news, CFO John Murphy sold 72,449 shares of CocaCola stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $80.52, for a total transaction of $5,833,593.48. Following the transaction, the chief financial officer directly owned 279,917 shares of the company's stock, valued at $22,538,916.84. The trade was a 20.56% 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. Also, EVP Nancy Quan sold 31,625 shares of the company's stock in a transaction dated 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 630,963 shares of company stock worth $50,016,979 in the last three months. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on KO. TD Cowen raised their price target on shares of CocaCola from $85.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Wells Fargo & Company increased their price objective on shares of CocaCola from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, May 18th. Truist Financial set a $85.00 target price on shares of CocaCola in a report on Wednesday, February 11th. Barclays upped their price target on shares of CocaCola from $85.00 to $89.00 and gave the stock an "overweight" rating in a research report on Thursday, May 21st. Finally, Weiss Ratings upgraded CocaCola from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday, May 4th. Fifteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $86.80.

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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