Crossmark Global Holdings Inc. Buys 35,101 Shares of CocaCola Company (The) $KO

Crossmark Global Holdings Inc. boosted its stake in shares of CocaCola Company (The) (NYSE:KO) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 856,385 shares of the company’s stock after purchasing an additional 35,101 shares during the period. CocaCola comprises about 0.9% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 17th biggest position. Crossmark Global Holdings Inc.’s holdings in CocaCola were worth $59,870,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in CocaCola by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 374,771,512 shares of the company’s stock worth $26,200,276,000 after acquiring an additional 5,886,352 shares in the last quarter. State Street Corp lifted its holdings in CocaCola by 0.6% during the third 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 in the last quarter. Franklin Resources Inc. boosted its position in shares of CocaCola by 15.1% in the third 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 during the period. Legal & General Group Plc increased its stake in shares of CocaCola by 2.8% in the third 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. Finally, Invesco Ltd. increased its stake in shares of CocaCola by 5.5% in the third quarter. Invesco Ltd. now owns 26,721,843 shares of the company’s stock worth $1,772,193,000 after purchasing an additional 1,393,760 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Activity at CocaCola

In other news, insider Bruno Pietracci sold 28,765 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total transaction of $2,284,228.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Monica Howard Douglas sold 23,880 shares of CocaCola stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $77.37, for a total value of $1,847,595.60. Following the completion of the sale, the executive vice president owned 17,725 shares of the company’s stock, valued at $1,371,383.25. The trade was a 57.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 555,101 shares of company stock worth $44,208,566 over the last three months. Corporate insiders own 0.90% of the company’s stock.

CocaCola Trading Down 0.0%

KO stock opened at $78.40 on Friday. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $82.00. The firm’s 50-day moving average is $77.03 and its 200 day moving average is $73.84. The company has a market capitalization of $337.32 billion, a PE ratio of 24.65, a P/E/G ratio of 3.13 and a beta of 0.35. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.24 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, 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. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.12 annualized dividend and a yield of 2.7%. CocaCola’s dividend payout ratio is 66.67%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KO. Wells Fargo & Company lifted their target price on shares of CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Citigroup increased their price objective on shares of CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Barclays raised their price objective on CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on CocaCola from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Fifteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $86.27.

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.