CocaCola Company (The) $KO Shares Bought by Allstate Corp

Allstate Corp increased its holdings in CocaCola Company (The) (NYSE:KO) by 110.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 314,605 shares of the company’s stock after buying an additional 165,100 shares during the period. Allstate Corp’s holdings in CocaCola were worth $21,994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vestia Personal Wealth Advisors increased its holdings in CocaCola by 3.8% in the 4th quarter. Vestia Personal Wealth Advisors now owns 3,819 shares of the company’s stock worth $275,000 after buying an additional 140 shares during the period. Apexium Financial LP grew its stake in shares of CocaCola by 1.2% during the 3rd quarter. Apexium Financial LP now owns 12,154 shares of the company’s stock worth $810,000 after purchasing an additional 142 shares during the period. Stockman Wealth Management Inc. grew its stake in shares of CocaCola by 1.7% during the 4th quarter. Stockman Wealth Management Inc. now owns 8,901 shares of the company’s stock worth $622,000 after purchasing an additional 147 shares during the period. 1ST Source Bank grew its stake in shares of CocaCola by 0.7% during the 4th quarter. 1ST Source Bank now owns 19,766 shares of the company’s stock worth $1,382,000 after purchasing an additional 147 shares during the period. Finally, Prosperity Financial Group Inc. grew its stake in shares of CocaCola by 3.9% during the 3rd quarter. Prosperity Financial Group Inc. now owns 3,957 shares of the company’s stock worth $262,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling

In other CocaCola news, EVP Monica Howard Douglas sold 23,880 shares of the firm’s stock in a transaction on 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 owned 17,725 shares in the company, valued at approximately $1,371,383.25. This trade represents a 57.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bruno Pietracci sold 28,765 shares of the firm’s stock in a transaction on 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. Insiders have sold a total of 786,726 shares of company stock worth $62,547,977 in the last ninety days. Company insiders own 0.90% of the company’s stock.

CocaCola Trading Up 0.1%

Shares of KO stock opened at $81.56 on Tuesday. The stock’s fifty day moving average is $77.49 and its two-hundred day moving average is $74.79. 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 capitalization of $350.90 billion, a P/E ratio of 25.65, a PEG ratio of 3.26 and a beta of 0.35. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $82.66.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $12.47 billion for the quarter, compared to analyst estimates of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Research analysts expect that CocaCola Company will post 3.26 earnings per share 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 issued a $0.53 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. CocaCola’s dividend payout ratio (DPR) is presently 66.67%.

Analyst Ratings Changes

A number of brokerages have recently commented on KO. Jefferies Financial Group raised their price objective on shares of CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Royal Bank Of Canada set a $87.00 price objective on shares of CocaCola in a research note on Wednesday, February 11th. JPMorgan Chase & Co. raised their price objective on shares of CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Barclays raised their price objective on shares of CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Wells Fargo & Company raised their price objective on shares of CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Fifteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CocaCola has an average 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.