Sanctuary Advisors LLC Grows Stock Holdings in CocaCola Company (The) $KO
by Scott Moore · The Cerbat GemSanctuary Advisors LLC raised its position in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 449,261 shares of the company’s stock after buying an additional 10,477 shares during the quarter. Sanctuary Advisors LLC’s holdings in CocaCola were worth $31,408,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of CocaCola during the second quarter valued at about $26,000. Marquette Asset Management LLC purchased a new stake in shares of CocaCola during the third quarter valued at about $27,000. Daytona Street Capital LLC purchased a new stake in shares of CocaCola during the fourth quarter valued at about $29,000. Cloud Capital Management LLC purchased a new stake in shares of CocaCola during the third quarter valued at about $27,000. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of CocaCola during the fourth quarter valued at about $30,000. 70.26% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CEO James Quincey sold 337,824 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $77.10, for a total value of $26,046,230.40. Following the transaction, the chief executive officer owned 342,546 shares in the company, valued at approximately $26,410,296.60. This represents a 49.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruno Pietracci sold 28,765 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total transaction of $2,284,228.65. 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 currently owned by corporate insiders.
CocaCola Stock Performance
KO opened at $76.66 on Friday. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $82.00. The company has a quick ratio of 1.25, a current ratio of 1.46 and a debt-to-equity ratio of 1.23. The company has a market cap of $329.95 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 3.22 and a beta of 0.36. The firm’s 50-day moving average price is $77.23 and its 200-day moving average price is $73.25.
CocaCola (NYSE:KO – Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. The firm had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $12.04 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. As a group, equities analysts anticipate that CocaCola Company will post 3.23 EPS for the current fiscal year.
CocaCola Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were issued a $0.53 dividend. This is a boost from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, March 13th. This represents a $2.12 annualized dividend and a yield of 2.8%. CocaCola’s dividend payout ratio is currently 69.74%.
Analysts Set New Price Targets
Several analysts have commented on the stock. Citigroup increased their price target on shares of CocaCola from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Barclays upped their price objective on shares of CocaCola from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. UBS Group upped their price objective on shares of CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. TD Cowen restated a “buy” rating on shares of CocaCola in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada set a $87.00 price objective on shares of CocaCola in a report on Wednesday, February 11th. Fifteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $85.00.
Check Out Our Latest Stock Analysis on KO
CocaCola Company 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.
Further Reading
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO – Free Report).