Park National Corp OH lessened its position in CocaCola Company (The) (NYSE:KO – Free Report) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 455,781 shares of the company’s stock after selling 11,003 shares during the period. Park National Corp OH’s holdings in CocaCola were worth $31,864,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in CocaCola by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 368,885,160 shares of the company’s stock worth $24,464,464,000 after acquiring an additional 1,443,189 shares during the last quarter. State Street Corp boosted its stake in CocaCola by 0.6% during the 3rd quarter. State Street Corp now owns 165,858,003 shares of the company’s stock valued at $11,083,296,000 after purchasing an additional 923,278 shares during the last quarter. Norges Bank purchased a new stake in CocaCola during the 2nd quarter valued at $3,846,270,000. Franklin Resources Inc. increased its holdings in shares of CocaCola by 15.1% in the 3rd quarter. Franklin Resources Inc. now owns 39,094,276 shares of the company’s stock worth $2,592,732,000 after purchasing an additional 5,135,198 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of CocaCola by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 28,051,787 shares of the company’s stock worth $1,860,395,000 after purchasing an additional 770,235 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.
CocaCola Price Performance
NYSE KO opened at $75.61 on Friday. The stock has a market capitalization of $325.43 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 3.18 and a beta of 0.35. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $82.00. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.25. The business’s fifty day moving average price is $76.32 and its 200-day moving average price is $71.59.
CocaCola Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from CocaCola’s previous quarterly dividend of $0.51. CocaCola’s dividend payout ratio is presently 69.74%.
Wall Street Analyst Weigh In
KO has been the topic of a number of research analyst reports. Morgan Stanley set a $88.00 price target on CocaCola in a report on Wednesday, March 11th. Royal Bank Of Canada set a $87.00 price objective on CocaCola in a report on Wednesday, February 11th. Truist Financial set a $85.00 target price on CocaCola in a research report on Wednesday, February 11th. Jefferies Financial Group upped their target price on shares of CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. Finally, Citigroup raised their price target on shares of CocaCola from $85.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $84.60.
Check Out Our Latest Research Report on KO
Insider Activity
In related news, CEO James Quincey sold 250,688 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.14, for a total transaction of $19,839,448.32. Following the completion of the sale, the chief executive officer directly owned 278,155 shares in the company, valued at approximately $22,013,186.70. The trade was a 47.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Monica Howard Douglas sold 23,880 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $77.37, for a total transaction of $1,847,595.60. Following the sale, the executive vice president directly owned 17,725 shares of the company’s stock, valued at approximately $1,371,383.25. This represents a 57.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 892,925 shares of company stock worth $70,254,796. Company insiders own 0.97% of the company’s stock.
Key Stories Impacting CocaCola
Here are the key news stories impacting CocaCola this week:
- Positive Sentiment: Jefferies raised its price target on KO to $90 (from $87) and reiterated a Buy, citing shifting consumer habits (the “easy protein” trend) and continued dividend/earnings upside; other outlets also highlight Jefferies’ bullish outlook. Jefferies Raises Coca-Cola (KO) Target as “Easy Protein” Trend Gains Momentum Jefferies Financial Group Forecasts Strong Price Appreciation for CocaCola (NYSE:KO) Stock
- Neutral Sentiment: Analysts offered broader insights on Coca‑Cola vs peers in a roundup piece — useful context but not a direct catalyst. Analysts Offer Insights on Consumer Goods Companies: Coca-Cola (KO) and Freshpet (FRPT)
- Neutral Sentiment: Company positioning: Sprite reclaimed the NBA soft‑drink sponsorship, there’s an ongoing CEO transition to Henrique Braun and new product launches — positive brand moves but also add transition uncertainty. Coca-Cola (KO) Valuation Check As Sprite Returns To NBA And Leadership Transition Takes Shape
- Neutral Sentiment: Market‑activity summaries note KO trading steadily within S&P 500 session flows — background liquidity/flow context rather than a standalone driver. The Coca-Cola Company (NYSE:KO) Steady in S&P 500 Trade Activity
- Neutral Sentiment: Retail investor/readers pieces compare Coca‑Cola to peers (PepsiCo) and to dividend stories — informative on competitive and income characteristics but not immediate catalysts. Coca-Cola vs. PepsiCo: Which One Will Make You Richer? Meet Wall Street’s Greatest Dividend Stock…
- Negative Sentiment: Short‑term selling: coverage from Zacks and Yahoo notes KO shares declined more than the broader market in the latest session — likely reflecting profit‑taking after recent gains, mixed headlines (brand/leadership news) and investors digesting company results that mixed an EPS beat with a revenue miss. Coca-Cola (KO) Declines More Than Market: Some Information for Investors Coca-Cola (KO) Declines More Than Market: Some Information for Investors (Zacks)
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.
Read More
Receive News & Ratings for CocaCola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CocaCola and related companies with MarketBeat.com's FREE daily email newsletter.
