Vontobel Holding Ltd. decreased its position in CocaCola Company (The) (NYSE:KO – Free Report) by 20.4% during the third quarter, HoldingsChannel.com reports. The fund owned 5,101,020 shares of the company’s stock after selling 1,306,495 shares during the quarter. CocaCola comprises 1.5% of Vontobel Holding Ltd.’s investment portfolio, making the stock its 9th biggest position. Vontobel Holding Ltd.’s holdings in CocaCola were worth $439,096,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of KO. Sard Wealth Management Group LLC raised its stake in shares of CocaCola by 5.4% during the third quarter. Sard Wealth Management Group LLC now owns 10,634 shares of the company’s stock valued at $915,000 after acquiring an additional 545 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in CocaCola by 73.7% during the third quarter. TD Waterhouse Canada Inc. now owns 696,955 shares of the company’s stock valued at $60,063,000 after acquiring an additional 295,760 shares during the last quarter. WealthBridge Capital Management LLC grew its stake in CocaCola by 3.3% during the 3rd quarter. WealthBridge Capital Management LLC now owns 4,011 shares of the company’s stock worth $345,000 after buying an additional 129 shares during the last quarter. ARS Wealth Advisors Group LLC raised its holdings in shares of CocaCola by 1.1% in the third quarter. ARS Wealth Advisors Group LLC now owns 30,003 shares of the company’s stock worth $2,583,000 after buying an additional 327 shares during the last quarter. Finally, Banque Pictet & Cie SA lifted its position in CocaCola by 11.5% during the 3rd quarter. Banque Pictet & Cie SA now owns 239,687 shares of the company’s stock worth $20,632,000 after acquiring an additional 24,724 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.
CocaCola Price Performance
NYSE KO traded up $1.72 during mid-day trading on Friday, hitting $93.72. The stock had a trading volume of 23,066,385 shares, compared to its average volume of 16,267,122. CocaCola Company has a 52-week low of $67.27 and a 52-week high of $94.10. The company has a market cap of $403.23 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 3.58 and a beta of 0.32. The company has a 50 day simple moving average of $88.47 and a 200 day simple moving average of $83.34. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97.
CocaCola (NYSE:KO – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Equities analysts forecast that CocaCola Company will post 3.30 EPS for the current fiscal year.
CocaCola Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.12 annualized dividend and a yield of 2.3%. CocaCola’s payout ratio is 63.66%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on KO shares. Royal Bank Of Canada upped their price target on shares of CocaCola from $87.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Jefferies Financial Group raised their price target on shares of CocaCola from $95.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Truist Financial set a $88.00 price target on shares of CocaCola in a research report on Friday, June 26th. Wells Fargo & Company reduced their target price on shares of CocaCola from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on CocaCola from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.27.
Check Out Our Latest Stock Analysis on CocaCola
Insider Buying and Selling at CocaCola
In other CocaCola news, insider Bruno Pietracci sold 111,365 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $90.93, for a total value of $10,126,419.45. Following the transaction, the insider directly owned 41,365 shares of the company’s stock, valued at $3,761,319.45. This represents a 72.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 50,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total value of $4,519,500.00. Following the completion of the sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $20,186,798.70. This represents a 18.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 926,620 shares of company stock valued at $83,075,714. Company insiders own 0.90% of the company’s stock.
Key Stories Impacting CocaCola
Here are the key news stories impacting CocaCola this week:
- Positive Sentiment: KFC switches from Pepsi to Coca-Cola: KFC will replace PepsiCo beverages with Coca-Cola products at its U.S. restaurants next year, ending a relationship that began in 1986. The high-profile contract should provide incremental fountain volume, strengthen Coca-Cola’s North American position and pressure PepsiCo. KFC to switch to Coca-Cola beverages in U.S. restaurants
- Positive Sentiment: Analyst support: UBS reaffirmed its Buy rating, while Jefferies maintained a Buy rating and Barclays reportedly raised its price target. Analysts view the KFC win as evidence of improving competitive momentum in North America. Jefferies maintains Coca-Cola Buy rating
- Positive Sentiment: Rotation into defensive stocks: Coca-Cola, Visa and Mastercard reached records as investors rotated away from chip and artificial-intelligence stocks. KO’s low-beta profile and dependable cash flows make it a potential beneficiary if technology-market volatility increases. Coca-Cola, Visa and Mastercard hit records
- Positive Sentiment: Strong brand and product execution: Coca-Cola Zero Sugar volume grew 16% in the second quarter, outpacing 5% growth for the broader Coca-Cola trademark. Localized pricing, marketing and product strategies are also supporting global consumer engagement. How Coca-Cola is using local execution to fuel global growth
- Neutral Sentiment: Dividend remains a support: Coca-Cola declared a quarterly dividend of $0.53 per share, or $2.12 annualized, representing an indicated yield of about 2.3%. The payout reinforces KO’s income appeal, although the stock’s elevated valuation limits the margin of safety.
- Negative Sentiment: Valuation and growth questions: At roughly 28 times earnings, investors are paying a premium for a mature company. The Zero Sugar gains may partly reflect consumers switching among Coca-Cola products rather than creating entirely new demand, which could limit the long-term earnings benefit. Is Zero Sugar creating new demand or shifting existing sales?
CocaCola Company Profile
The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and other ready-to-drink products. The company’s best-known brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, Powerade, Minute Maid, fairlife, and Georgia Coffee.
Founded in 1886, the company develops, owns, licenses, markets, and distributes beverage brands through a network of bottling partners, distributors, retailers, and food-service operators.
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