Gateway Investment Advisers LLC Buys 6,715 Shares of CocaCola Company (The) $KO

Gateway Investment Advisers LLC lifted its stake in shares of CocaCola Company (The) (NYSE:KO) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 347,935 shares of the company’s stock after purchasing an additional 6,715 shares during the period. Gateway Investment Advisers LLC’s holdings in CocaCola were worth $24,324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in KO. Vanguard Group Inc. raised its stake in shares of CocaCola by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 374,771,512 shares of the company’s stock worth $26,200,276,000 after purchasing an additional 5,886,352 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of CocaCola by 15.1% during 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. Danske Bank A S bought a new stake in shares of CocaCola during the 3rd quarter worth approximately $226,443,000. PFA Pension Forsikringsaktieselskab bought a new stake in shares of CocaCola during the 4th quarter worth approximately $179,167,000. Finally, Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of CocaCola during the 3rd quarter worth approximately $161,130,000. Institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Evercore restated an “outperform” rating and issued a $85.00 price target on shares of CocaCola in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft increased their price target on CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, March 30th. Truist Financial set a $85.00 price target on CocaCola in a research note on Wednesday, February 11th. Finally, UBS Group increased their price target on CocaCola from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Fifteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $86.27.

CocaCola Stock Up 1.0%

KO opened at $79.25 on Thursday. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $82.00. The stock’s fifty day simple moving average is $77.07 and its 200 day simple moving average is $73.77. 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 stock has a market cap of $340.96 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 3.14 and a beta of 0.35.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $12.47 billion for 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 quarter last year, the business earned $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, research analysts expect that CocaCola Company will post 3.26 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s dividend payout ratio is 66.67%.

Insider Activity at CocaCola

In other news, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction on Monday, March 9th. The stock was 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Murphy sold 72,449 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $80.52, for a total value of $5,833,593.48. Following the sale, the chief financial officer directly owned 279,917 shares in the company, valued at approximately $22,538,916.84. This trade represents a 20.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 555,101 shares of company stock worth $44,208,566 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.

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.