Capricorn Fund Managers Ltd Acquires Shares of 30,000 CocaCola Company (The) $KO

Capricorn Fund Managers Ltd acquired a new position in shares of CocaCola Company (The) (NYSE:KO) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 30,000 shares of the company’s stock, valued at approximately $2,282,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Anfield Capital Management LLC lifted 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 acquiring an additional 294 shares in the last quarter. Louisbourg Investments Inc. acquired a new stake in CocaCola in the first quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new stake in shares of CocaCola during the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. lifted its position in shares of CocaCola by 1,081.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after purchasing an additional 357 shares in the last quarter. Finally, Daytona Street Capital LLC acquired a new position in shares of CocaCola during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Activity

In related news, Chairman James Quincey sold 436,296 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the transaction, the chairman directly owned 122,833 shares in the company, valued at $9,842,608.29. This trade represents a 78.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 Jennifer K. Mann sold 23,984 shares of CocaCola stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $83.41, for a total transaction of $2,000,505.44. Following the completion of the transaction, the executive vice president directly owned 157,400 shares of the company’s stock, valued at approximately $13,128,734. This represents a 13.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 899,905 shares of company stock worth $71,832,315. 0.90% of the stock is currently owned by insiders.

CocaCola Price Performance

KO opened at $81.18 on Wednesday. The company has a market capitalization of $349.27 billion, a P/E ratio of 25.53, a PEG ratio of 3.30 and a beta of 0.35. The company has a 50-day moving average of $79.69 and a 200-day moving average of $76.49. 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 1-year low of $65.35 and a 1-year high of $84.04.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $12.24 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Equities analysts expect that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.53 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.6%. CocaCola’s dividend payout ratio (DPR) is presently 66.67%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KO. Morgan Stanley set a $89.00 price target on shares of CocaCola in a report on Wednesday, June 10th. Sanford C. Bernstein started coverage on shares of CocaCola in a report on Thursday, June 11th. They issued a “market perform” rating and a $84.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Barclays raised their target price on CocaCola from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Finally, UBS Group increased their price target on CocaCola from $90.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Fifteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

CocaCola Company 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.