Invesco Ltd. Increases Holdings in CocaCola Company (The) $KO

Invesco Ltd. lifted its stake in shares of CocaCola Company (The) (NYSE:KO) by 5.5% during the third quarter, HoldingsChannel.com reports. The firm owned 26,721,843 shares of the company’s stock after purchasing an additional 1,393,760 shares during the quarter. Invesco Ltd.’s holdings in CocaCola were worth $1,772,193,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in KO. Headlands Technologies LLC purchased a new position in CocaCola during the 2nd quarter valued at about $26,000. Marquette Asset Management LLC bought a new stake in shares of CocaCola during the third quarter valued at about $27,000. Cloud Capital Management LLC purchased a new stake in shares of CocaCola in the third quarter worth about $27,000. Redmont Wealth Advisors LLC purchased a new stake in shares of CocaCola in the third quarter worth about $30,000. Finally, Winnow Wealth LLC bought a new position in shares of CocaCola in the second quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Evercore reaffirmed an “outperform” rating and set a $85.00 price objective on shares of CocaCola in a research note on Wednesday, February 11th. JPMorgan Chase & Co. raised their price target on shares of CocaCola from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Jefferies Financial Group reduced their price target on shares of CocaCola from $88.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $83.00 price target on shares of CocaCola in a report on Thursday, January 29th. Finally, UBS Group increased their price objective on CocaCola from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $84.40.

Insider Activity

In other news, EVP Monica Howard Douglas sold 23,880 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 17,725 shares of the company’s stock, valued at approximately $1,371,383.25. This trade represents a 57.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruno Pietracci sold 28,765 shares of CocaCola 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 SEC filing for this sale provides additional information. In the last ninety days, insiders sold 892,925 shares of company stock valued at $70,254,796. Company insiders own 0.97% of the company’s stock.

CocaCola Trading Down 0.1%

KO stock opened at $77.56 on Friday. The company has a market capitalization of $333.55 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 3.25 and a beta of 0.35. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.46. CocaCola Company has a one year low of $65.35 and a one year high of $82.00. The company’s 50 day moving average price is $75.47 and its two-hundred day moving average price is $71.31.

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

CocaCola Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, March 13th. This is a positive change from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 2.7%. CocaCola’s dividend payout ratio (DPR) is currently 67.11%.

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.