Edgemoor Investment Advisors Inc. Sells 41,379 Shares of CocaCola Company (The) $KO

Edgemoor Investment Advisors Inc. reduced its stake in shares of CocaCola Company (The) (NYSE:KO) by 87.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,932 shares of the company’s stock after selling 41,379 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in CocaCola were worth $415,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Anfield Capital Management LLC lifted its stake in shares of CocaCola by 438.8% during the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after acquiring an additional 294 shares during the period. Headlands Technologies LLC acquired a new position in shares of CocaCola during the second quarter valued at $26,000. Cloud Capital Management LLC acquired a new position in shares of CocaCola during the third quarter valued at $27,000. Daytona Street Capital LLC bought a new stake in shares of CocaCola during the fourth quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of CocaCola during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other CocaCola news, Chairman James Quincey sold 200,000 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $78.90, for a total value of $15,780,000.00. Following the completion of the sale, the chairman owned 78,155 shares in the company, valued at $6,166,429.50. This trade represents a 71.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John Murphy sold 72,449 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $80.52, for a total value of $5,833,593.48. Following the completion of the sale, the chief financial officer owned 279,917 shares in the company, valued at $22,538,916.84. This represents a 20.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 630,963 shares of company stock valued at $50,016,979. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KO shares. Barclays boosted their price target on shares of CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Citigroup lifted their price objective on CocaCola from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Wells Fargo & Company lifted their price objective on CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. lifted their price objective on CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, TD Cowen lifted their price objective on CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Fifteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, CocaCola currently has an average rating of “Buy” and a consensus price target of $86.80.

CocaCola Price Performance

NYSE KO opened at $78.96 on Friday. The business has a 50 day simple moving average of $77.75 and a 200 day simple moving average of $75.06. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $82.66. 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 stock has a market cap of $339.71 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 3.21 and a beta of 0.35.

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

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid 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 2.7%. CocaCola’s dividend payout ratio (DPR) is currently 66.67%.

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.