Certuity LLC Has $1.81 Million Holdings in CocaCola Company (The) $KO

Certuity LLC raised its stake in CocaCola Company (The) (NYSE:KO) by 142.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,341 shares of the company’s stock after buying an additional 16,054 shares during the quarter. Certuity LLC’s holdings in CocaCola were worth $1,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KO. Johnson Financial Group Inc. grew its position in shares of CocaCola by 30.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 14,235 shares of the company’s stock worth $951,000 after buying an additional 3,321 shares during the period. Martingale Asset Management L P boosted its stake in CocaCola by 27.9% during the 3rd quarter. Martingale Asset Management L P now owns 170,067 shares of the company’s stock worth $11,279,000 after acquiring an additional 37,093 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in CocaCola during the third quarter valued at approximately $1,100,000. Acorns Advisers LLC grew its holdings in CocaCola by 24.2% during the third quarter. Acorns Advisers LLC now owns 10,857 shares of the company’s stock valued at $720,000 after purchasing an additional 2,113 shares during the period. Finally, Invesco Ltd. increased its stake in CocaCola by 5.5% in the third quarter. Invesco Ltd. now owns 26,721,843 shares of the company’s stock valued at $1,772,193,000 after purchasing an additional 1,393,760 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Down 0.1%

Shares of KO stock opened at $77.56 on Friday. The firm has a fifty day moving average of $75.47 and a 200-day moving average of $71.31. The company has a quick ratio of 1.25, a current ratio of 1.46 and a debt-to-equity ratio of 1.23. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $82.00. The company has a market capitalization of $333.55 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 3.25 and a beta of 0.35.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $12.04 billion. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. As a group, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, March 13th. CocaCola’s dividend payout ratio is presently 67.11%.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of CocaCola from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. JPMorgan Chase & Co. upped their price objective on shares of CocaCola from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $83.00 price objective on shares of CocaCola in a research note on Thursday, January 29th. Truist Financial set a $85.00 target price on CocaCola in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada set a $87.00 target price on CocaCola in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $84.40.

Insider Buying and Selling

In other news, CEO James Quincey sold 250,688 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.14, for a total transaction of $19,839,448.32. Following the completion of the transaction, the chief executive officer directly owned 278,155 shares of the company’s stock, valued at $22,013,186.70. This represents a 47.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruno Pietracci sold 28,765 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total value of $2,284,228.65. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 892,925 shares of company stock valued at $70,254,796. Corporate insiders own 0.97% of the company’s stock.

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.