CocaCola Company (The) $KO Shares Bought by Principal Securities Inc.

Principal Securities Inc. boosted its stake in shares of CocaCola Company (The) (NYSE:KOFree Report) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,974 shares of the company’s stock after acquiring an additional 7,235 shares during the quarter. Principal Securities Inc.’s holdings in CocaCola were worth $9,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. 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 during the period. Headlands Technologies LLC acquired a new stake in CocaCola during the 2nd quarter worth approximately $26,000. Evolution Wealth Management Inc. lifted its position in CocaCola by 1,081.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after acquiring an additional 357 shares during the period. Daytona Street Capital LLC acquired a new stake in CocaCola during the 4th quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in CocaCola during the 3rd quarter worth approximately $30,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CocaCola

In related news, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the completion of the transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $18,074,096.90. This trade represents a 12.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 436,296 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman directly owned 122,833 shares of the company’s stock, valued at $9,842,608.29. The trade was a 78.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 875,921 shares of company stock valued at $69,831,810 in the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KO. Deutsche Bank Aktiengesellschaft increased their price objective on CocaCola from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, March 30th. Wells Fargo & Company raised their price target on CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, May 18th. UBS Group raised 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. Citigroup raised their price target on CocaCola from $90.00 to $91.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Morgan Stanley set a $89.00 price target on CocaCola in a report on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, CocaCola has an average rating of “Moderate Buy” and a consensus price target of $86.69.

Read Our Latest Stock Analysis on KO

More CocaCola News

Here are the key news stories impacting CocaCola this week:

CocaCola Stock Down 1.1%

KO opened at $82.65 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The business has a 50 day simple moving average of $78.58 and a 200-day simple moving average of $75.63. The stock has a market capitalization of $355.58 billion, a P/E ratio of 25.99, a P/E/G ratio of 3.34 and a beta of 0.35. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $84.04.

CocaCola (NYSE:KOGet Free Report) last posted its quarterly 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 business had revenue of $12.47 billion during 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 company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, equities analysts anticipate 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. Investors of record on Monday, June 15th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s dividend payout ratio (DPR) is presently 66.67%.

CocaCola 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.

Further Reading

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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