PNC Financial Services Group Inc. lifted its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 1.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,867,159 shares of the company's stock after acquiring an additional 75,645 shares during the period. PNC Financial Services Group Inc. owned approximately 0.14% of CocaCola worth $420,206,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola during the 1st quarter worth approximately $25,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the first quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. raised its holdings in shares of CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares during the last quarter. Ridgewood Investments LLC increased its holdings in CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after buying an additional 285 shares during the last quarter. Finally, REAP Financial Group LLC increased its holdings in CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after buying an additional 208 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.
Insider Buying and Selling
In related news, CFO John Murphy sold 88,658 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer owned 205,511 shares in the company, valued at $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the transaction, the chief executive officer owned 275,946 shares in the company, valued at $19,884,668.76. This represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 415,387 shares of company stock worth $29,923,985. 0.90% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Cfra Research upgraded shares of CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. UBS Group dropped their target price on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, BNP Paribas reissued an "outperform" rating and set a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CocaCola has a consensus rating of "Buy" and a consensus target price of $77.21.
Check Out Our Latest Analysis on CocaCola
CocaCola Trading Up 0.1%
KO traded up $0.09 during trading hours on Monday, reaching $68.95. 10,691,012 shares of the company's stock traded hands, compared to its average volume of 16,521,952. The firm has a 50-day moving average price of $70.33 and a 200 day moving average price of $69.69. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $296.74 billion, a PE ratio of 24.45, a PEG ratio of 3.58 and a beta of 0.44.
CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. The firm had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same period in the previous year, the company posted $0.84 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.
CocaCola Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. CocaCola's dividend payout ratio (DPR) is presently 72.34%.
CocaCola Company Profile
(
Free Report)
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
Featured Stories

Before you consider CocaCola, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CocaCola wasn't on the list.
While CocaCola currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.