Midwest Trust Co Buys 11,281 Shares of CocaCola Company (The) $KO

Midwest Trust Co increased its stake in shares of CocaCola Company (The) (NYSE:KO) by 3.6% during the first quarter, HoldingsChannel reports. The fund owned 322,093 shares of the company’s stock after buying an additional 11,281 shares during the period. Midwest Trust Co’s holdings in CocaCola were worth $24,495,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Anfield Capital Management LLC increased its holdings 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. Louisbourg Investments Inc. bought a new stake in shares of CocaCola in the first quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in shares of CocaCola in the second quarter valued at about $26,000. Evolution Wealth Management Inc. boosted 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 buying an additional 357 shares during the period. Finally, Daytona Street Capital LLC acquired a new position in shares of CocaCola during the fourth quarter worth about $29,000. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on KO. Piper Sandler reissued an “overweight” rating on shares of CocaCola in a research report on Friday, June 26th. TD Cowen upped their price target on CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein set a $83.00 price target on shares of CocaCola in a research note on Thursday. Citigroup lifted their price objective on shares of CocaCola from $90.00 to $91.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Truist Financial set a $88.00 price objective on shares of CocaCola in a research report on Friday, June 26th. Fifteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.06.

More CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analysts at Jefferies and Bank of America expect solid second-quarter results, citing resilient demand, steady volume trends, and stronger organic sales growth; Jefferies also sees a modest earnings beat. Coca-Cola expected to post solid second-quarter results as analysts highlight resilient demand
• Positive Sentiment: Bank of America raised its price target on KO to $95 and reiterated a buy rating, while JPMorgan lifted its target to $90 and maintained an overweight view, signaling confidence in further upside. Benzinga report on Bank of America target raise Tickerreport report on JPMorgan target raise
• Positive Sentiment: Marriott announced a global beverage partnership making Coca-Cola its primary beverage provider across guestrooms, restaurants, lounges, and events, which could expand KO’s distribution in hospitality and boost long-term brand reach. Marriott International (MAR), Coca-Cola Company (KO) Announce Global Beverage Partnership
• Neutral Sentiment: Recent articles also highlighted Coca-Cola’s stock having already run up near the top of its 52-week range and discussed whether the shares are becoming expensive after the rally, which may temper enthusiasm but does not change the core business outlook. Coca-Cola (KO) Stock Drops Despite Market Gains: Important Facts to Note Is Coca-Cola (NYSE:KO) Too Rich After Its Run?
• Negative Sentiment: One recent trading update noted KO fell in the prior session despite broader market strength, suggesting some short-term profit-taking after its strong move. Coca-Cola (KO) Stock Drops Despite Market Gains: Important Facts to Note

Insider Transactions at CocaCola

In related news, Chairman James Quincey sold 436,296 shares of the business’s stock in a transaction on Friday, June 5th. The shares were 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 approximately $9,842,608.29. The trade was a 78.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 the business’s 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 transaction, the executive vice president owned 157,400 shares in the company, valued at approximately $13,128,734. The trade was a 13.22% decrease in their ownership of the stock. 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. Insiders have sold a total of 899,905 shares of company stock worth $71,832,315 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

CocaCola Stock Up 1.0%

Shares of NYSE KO traded up $0.86 during mid-day trading on Friday, hitting $83.49. The company had a trading volume of 10,692,829 shares, compared to its average volume of 18,981,964. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The firm has a 50-day simple moving average of $80.79 and a two-hundred day simple moving average of $77.17. The company has a market capitalization of $359.23 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 3.34 and a beta of 0.34. CocaCola Company has a one year low of $65.35 and a one year high of $85.68.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $12.24 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. CocaCola’s revenue was up 11.4% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, equities analysts expect that CocaCola Company will post 3.26 EPS for the current year.

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.5%. CocaCola’s payout ratio is 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.