Wealth Enhancement Advisory Services LLC Acquires 36,574 Shares of CocaCola Company (The) $KO

Wealth Enhancement Advisory Services LLC lifted its stake in CocaCola Company (The) (NYSE:KOFree Report) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,025,223 shares of the company’s stock after acquiring an additional 36,574 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CocaCola were worth $69,559,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KO. Headlands Technologies LLC bought a new position in CocaCola during the second quarter valued at about $26,000. Marquette Asset Management LLC bought a new stake in shares of CocaCola in the 3rd quarter worth approximately $27,000. Cloud Capital Management LLC acquired a new stake in shares of CocaCola during the 3rd quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of CocaCola during the 3rd quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of CocaCola during the third quarter valued at approximately $30,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KO has been the subject of a number of recent research reports. Barclays upped their target price on CocaCola from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Wells Fargo & Company lifted their price target on shares of CocaCola from $79.00 to $87.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Truist Financial set a $85.00 price objective on shares of CocaCola in a research note on Wednesday, February 11th. Evercore reaffirmed an “outperform” rating and set a $85.00 price objective on shares of CocaCola in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. lifted their target price 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. One investment analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $84.60.

Check Out Our Latest Stock Analysis on KO

Insiders Place Their Bets

In related news, insider Bruno Pietracci sold 28,765 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total transaction of $2,284,228.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nancy Quan sold 23,556 shares of CocaCola stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.50, for a total transaction of $1,872,702.00. Following the transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $17,754,735. This represents a 9.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 892,925 shares of company stock worth $70,254,796 in the last quarter. 0.90% of the stock is owned by corporate insiders.

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

CocaCola Trading Down 1.0%

Shares of KO opened at $74.76 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23. The stock has a market cap of $321.80 billion, a PE ratio of 24.59, a PEG ratio of 3.13 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 stock has a 50 day simple moving average of $76.41 and a 200-day simple moving average of $71.67.

CocaCola (NYSE:KOGet Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The business had revenue of $11.82 billion for the quarter, compared to analyst estimates of $12.04 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. CocaCola’s quarterly revenue was up 2.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $0.53 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.12 annualized dividend and a dividend yield of 2.8%. This is a boost from CocaCola’s previous quarterly dividend of $0.51. CocaCola’s dividend payout ratio is presently 69.74%.

CocaCola Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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