Aviva PLC Purchases 215,612 Shares of CocaCola Company (The) $KO

Aviva PLC lifted its position in shares of CocaCola Company (The) (NYSE:KOFree Report) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,085,276 shares of the company’s stock after buying an additional 215,612 shares during the period. Aviva PLC’s holdings in CocaCola were worth $285,602,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Anfield Capital Management LLC increased its position in 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 in the last quarter. Headlands Technologies LLC bought a new position in CocaCola in the 2nd quarter valued at approximately $26,000. Evolution Wealth Management Inc. lifted its stake in CocaCola by 1,081.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after purchasing an additional 357 shares during the last quarter. Daytona Street Capital LLC bought a new position in CocaCola in the 4th quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC bought a new position in CocaCola in the 3rd quarter valued at approximately $30,000. Institutional investors own 70.26% of the company’s stock.

CocaCola Trading Down 1.1%

KO opened at $82.65 on Friday. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $84.04. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average of $78.58 and a 200-day moving average of $75.63. The stock has a market cap of $355.58 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 3.34 and a beta of 0.35.

CocaCola (NYSE:KOGet Free Report) last posted its quarterly earnings data 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 analysts’ expectations of $12.24 billion. During the same period in the prior year, the company posted $0.73 earnings per share. CocaCola’s revenue for the quarter 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, sell-side analysts predict that CocaCola Company will post 3.26 EPS for the current year.

CocaCola Dividend Announcement

The business also recently declared 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. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, June 15th. CocaCola’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KO shares. TD Cowen increased their price objective on shares of CocaCola from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their price objective on shares of CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Weiss Ratings raised shares of CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 4th. Jefferies Financial Group increased their price objective on shares of CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Finally, Sanford C. Bernstein started coverage on shares of CocaCola in a research note on Thursday. They issued a “market perform” rating and a $84.00 price objective for the company. Fifteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, CocaCola has an average rating of “Moderate Buy” and an average target price of $86.69.

View Our Latest Analysis on KO

More CocaCola News

Here are the key news stories impacting CocaCola this week:

Insiders Place Their Bets

In other CocaCola news, Chairman James Quincey sold 436,296 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $80.13, for a total value of $34,960,398.48. Following the completion of the sale, the chairman directly owned 122,833 shares in the company, valued at approximately $9,842,608.29. This trade represents a 78.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was 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 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. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 875,921 shares of company stock worth $69,831,810. 0.90% of the stock is currently owned by company insiders.

CocaCola Company Profile

(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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