Longbow Finance SA Boosts Holdings in Coca-Cola Company
Longbow Finance SA has significantly increased its holdings in Coca-Cola Company (The) ($KO), according to its most recent Form 13F filing. The company purchased an additional 118,922 shares during the second quarter, bringing its total shares owned to 193,332.
This represents a 159.8% increase from the previous quarter and accounts for approximately 2.0% of Longbow Finance SA's investment portfolio. The firm's holdings in Coca-Cola were valued at $15,712,000 at the end of the most recent reporting period.
Longbow Finance SA's purchase of Coca-Cola shares follows a trend of other large investors buying into the company. Vanguard Group Inc. raised its position in shares of Coca-Cola by 1.6% in the fourth quarter and now owns 374,771,512 shares valued at $26,200,276,000.
The strong brand portfolio and defensive characteristics of Coca-Cola may be attractive to investors amid market uncertainty. The company has a dividend payout ratio (DPR) of 63.66% and recently announced a quarterly dividend of $0.53 per share, paid on Thursday, October 1st for shareholders of record on Tuesday, September 15th.
Analysts remain generally supportive of Coca-Cola, with an average price target of $95.76. The company has set its FY 2026 guidance at 3.270-3.300 EPS and is expected to post 3.29 earnings per share for the current fiscal year.