Alberta Investment Management Corp Boosts Stock Holdings in CocaCola Company (The) $KO

Alberta Investment Management Corp raised its holdings in CocaCola Company (The) (NYSE:KOFree Report) by 145.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,900 shares of the company’s stock after purchasing an additional 11,200 shares during the quarter. Alberta Investment Management Corp’s holdings in CocaCola were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KO. Caitong International Asset Management Co. Ltd boosted its stake in shares of CocaCola by 5,142.9% in the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 360 shares in the last quarter. Headlands Technologies LLC acquired a new stake in CocaCola in the second quarter valued at $26,000. Marquette Asset Management LLC purchased a new stake in shares of CocaCola during the 3rd quarter worth $27,000. Cloud Capital Management LLC purchased a new stake in shares of CocaCola during the 3rd quarter worth $27,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of CocaCola during the 3rd quarter worth $30,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

More CocaCola News

Here are the key news stories impacting CocaCola this week:

Wall Street Analysts Forecast Growth

KO has been the subject of several recent analyst reports. Royal Bank Of Canada set a $87.00 price objective on shares of CocaCola in a report on Wednesday, February 11th. UBS Group lifted their price target on shares of CocaCola from $82.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. JPMorgan Chase & Co. boosted their price target on CocaCola from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Jefferies Financial Group dropped their price objective on CocaCola from $88.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company lifted their price objective on CocaCola from $79.00 to $87.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and an average price target of $84.33.

View Our Latest Stock Analysis on KO

CocaCola Price Performance

Shares of KO stock opened at $78.89 on Friday. The stock’s 50-day moving average is $72.82 and its 200 day moving average is $70.37. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $80.41. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.25. The company has a market cap of $339.36 billion, a P/E ratio of 25.95, a PEG ratio of 3.33 and a beta of 0.36.

CocaCola (NYSE:KOGet Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. The business had revenue of $11.80 billion during the quarter, compared to analyst estimates of $12.04 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. Research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.53 dividend. This is an increase from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, March 13th. CocaCola’s dividend payout ratio is presently 67.11%.

Insider Activity

In other news, CEO James Quincey sold 337,824 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $77.10, for a total transaction of $26,046,230.40. Following the completion of the sale, the chief executive officer owned 342,546 shares in the company, valued at approximately $26,410,296.60. This represents a 49.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.97% of the company’s stock.

About CocaCola

(Free Report)

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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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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