Bleakley Financial Group LLC Boosts Stock Holdings in CocaCola Company (The) $KO

Bleakley Financial Group LLC grew its position in shares of CocaCola Company (The) (NYSE:KO) by 21.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,614 shares of the company’s stock after acquiring an additional 26,605 shares during the quarter. Bleakley Financial Group LLC’s holdings in CocaCola were worth $10,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Mmbg Investment Advisors CO. purchased a new position in CocaCola during the 4th quarter worth $230,000. CBIZ Investment Advisory Services LLC boosted its holdings in CocaCola by 32.9% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,977 shares of the company’s stock worth $138,000 after acquiring an additional 489 shares during the last quarter. Harbour Investments Inc. boosted its holdings in CocaCola by 144.4% during the 4th quarter. Harbour Investments Inc. now owns 107,802 shares of the company’s stock worth $7,536,000 after acquiring an additional 63,689 shares during the last quarter. Wiser Advisor Group LLC boosted its holdings in CocaCola by 2.4% during the 4th quarter. Wiser Advisor Group LLC now owns 15,707 shares of the company’s stock worth $1,098,000 after acquiring an additional 362 shares during the last quarter. Finally, Allstate Corp boosted its holdings in CocaCola by 110.4% during the 4th quarter. Allstate Corp now owns 314,605 shares of the company’s stock worth $21,994,000 after acquiring an additional 165,100 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 223,330 shares in the company, valued at approximately $18,074,096.90. The trade was a 12.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John Murphy sold 72,449 shares of the business’s stock in a transaction dated 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 786,726 shares of company stock worth $62,547,977 in the last ninety days. 0.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

KO has been the topic of a number of analyst reports. Weiss Ratings raised shares of CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on shares of CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Royal Bank Of Canada set a $87.00 price target on shares of CocaCola in a report on Wednesday, February 11th. TD Cowen boosted their price target on shares of CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Truist Financial set a $85.00 price target on shares of CocaCola in a report on Wednesday, February 11th. Fifteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CocaCola presently has an average rating of “Buy” and a consensus target price of $86.80.

CocaCola Trading Up 0.1%

Shares of CocaCola stock opened at $81.56 on Tuesday. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $82.66. The stock’s 50-day simple moving average is $77.49 and its 200 day simple moving average is $74.79. The stock has a market capitalization of $350.90 billion, a P/E ratio of 25.65, a P/E/G ratio of 3.26 and a beta of 0.35. 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 (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The business had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $12.24 billion. During the same period in the previous year, the business posted $0.73 EPS. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, research analysts anticipate that CocaCola Company will post 3.26 EPS for the current 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 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, June 15th. CocaCola’s payout ratio is currently 66.67%.

CocaCola 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.