Geode Capital Management LLC Raises Stock Holdings in CocaCola Company (The) $KO

Key Points

• Geode Capital Management increased its Coca-Cola stake by 0.5% in the fourth quarter, holding 89.98 million shares worth about $6.27 billion and representing roughly 2.09% of the company.
• Coca-Cola reported strong quarterly results, with EPS of $0.86 beating estimates and revenue of $12.47 billion topping expectations; the company also raised FY 2026 guidance to 3.240–3.270 EPS.
• The company announced a quarterly dividend of $0.53 per share, payable July 1, implying an annualized dividend of $2.12 and a yield of about 2.6%.

Geode Capital Management LLC increased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,984,203 shares of the company's stock after purchasing an additional 433,547 shares during the quarter. Geode Capital Management LLC owned approximately 2.09% of CocaCola worth $6,273,037,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Anfield Capital Management LLC lifted its stake in shares of CocaCola by 438.8% during the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company's stock worth $25,000 after purchasing an additional 294 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of CocaCola during the 2nd quarter worth $26,000. Cloud Capital Management LLC purchased a new stake in shares of CocaCola during the 3rd quarter worth $27,000. Daytona Street Capital LLC purchased a new stake in shares of CocaCola during the 4th quarter worth $29,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of CocaCola during the 3rd quarter worth $30,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Trading Up 1.5%

CocaCola stock opened at $81.65 on Thursday. The stock has a 50-day moving average of $77.63 and a two-hundred day moving average of $74.96. 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 one year low of $65.35 and a one year high of $82.66. The stock has a market cap of $351.29 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 3.22 and a beta of 0.35.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The company had revenue of $12.47 billion during the quarter, compared to analysts' expectations of $12.24 billion. During the same period last year, the business posted $0.73 earnings per share. The firm's revenue was up 11.4% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, research analysts anticipate 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. Stockholders of record on Monday, June 15th will be issued a $0.53 dividend. 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%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KO shares. Weiss Ratings upgraded CocaCola from a "buy (b)" rating to a "buy (b+)" rating in a research note on Monday, May 4th. Barclays upped their price objective on CocaCola from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Thursday, May 21st. Royal Bank Of Canada set a $87.00 price target on CocaCola in a research note on Wednesday, February 11th. Jefferies Financial Group increased their price target on CocaCola from $87.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, March 16th. Finally, UBS Group increased their price target on CocaCola from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Fifteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $86.80.

Insiders Place Their Bets

In other news, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $77.37, for a total value of $1,847,595.60. Following the transaction, the executive vice president directly owned 17,725 shares of the company's stock, valued at approximately $1,371,383.25. This represents a 57.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruno Pietracci sold 28,765 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total value of $2,284,228.65. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 630,963 shares of company stock valued at $50,016,979. Insiders own 0.90% of the company's stock.

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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