Calamos Advisors LLC raised its holdings in shares of Coca-Cola Company (The) (NYSE:KO – Free Report) by 18.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,139,244 shares of the company’s stock after acquiring an additional 173,682 shares during the quarter. Calamos Advisors LLC’s holdings in Coca-Cola were worth $98,066,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alta Advisers Ltd lifted its position in shares of Coca-Cola by 87.7% in the third quarter. Alta Advisers Ltd now owns 27,610 shares of the company’s stock valued at $2,377,000 after acquiring an additional 12,900 shares in the last quarter. Ullmann Wealth Partners Group LLC increased its position in Coca-Cola by 2.5% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 14,638 shares of the company’s stock worth $1,260,000 after purchasing an additional 362 shares in the last quarter. Principle Wealth Partners LLC raised its stake in Coca-Cola by 0.5% in the 3rd quarter. Principle Wealth Partners LLC now owns 110,191 shares of the company’s stock valued at $9,485,000 after purchasing an additional 587 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Coca-Cola by 7.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 806,777 shares of the company’s stock valued at $69,447,000 after purchasing an additional 57,561 shares during the last quarter. Finally, Claro Advisors Inc. lifted its holdings in Coca-Cola by 23.2% in the 3rd quarter. Claro Advisors Inc. now owns 24,875 shares of the company’s stock valued at $2,141,000 after purchasing an additional 4,689 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.
Insider Activity at Coca-Cola
In other Coca-Cola news, EVP Nancy Quan sold 50,000 shares of Coca-Cola stock in a transaction on 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 transaction, the executive vice president owned 223,330 shares in the company, valued at $20,186,798.70. This trade represents a 18.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Beatriz R. Perez sold 67,548 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $94.91, for a total transaction of $6,410,980.68. Following the sale, the executive vice president directly owned 160,428 shares of the company’s stock, valued at $15,226,221.48. This represents a 29.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 238,871 shares of company stock valued at $21,918,267 in the last ninety days. 0.90% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. UBS Group raised their price target on shares of Coca-Cola from $104.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Coca-Cola from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Seaport Research Partners set a $95.00 price objective on shares of Coca-Cola in a research note on Friday, August 14th. Citigroup raised their target price on shares of Coca-Cola from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Finally, Barclays lifted their target price on shares of Coca-Cola from $93.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $97.26.
Check Out Our Latest Analysis on Coca-Cola
Coca-Cola Trading Down 0.0%
NYSE KO traded down $0.04 during trading hours on Friday, hitting $95.69. 18,418,474 shares of the company’s stock were exchanged, compared to its average volume of 16,738,640. The business’s 50 day moving average is $89.96 and its 200-day moving average is $82.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.19 and a current ratio of 1.38. Coca-Cola Company has a 12-month low of $67.27 and a 12-month high of $97.39. The firm has a market capitalization of $411.63 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 3.74 and a beta of 0.28.
Coca-Cola (NYSE:KO – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. Coca-Cola had a return on equity of 38.79% and a net margin of 28.65%. The company had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $12.92 billion. During the same quarter in the previous year, the business earned $0.82 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. As a group, analysts anticipate that Coca-Cola Company will post 3.34 EPS for the current fiscal year.
Coca-Cola Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, December 1st. Coca-Cola’s payout ratio is presently 62.35%.
Coca-Cola News Roundup
Here are the key news stories impacting Coca-Cola this week:
- Positive Sentiment: Coca-Cola shares reportedly reached a record high as investors sought defensive stocks amid a market downturn. Its established brands and dividend income may be attracting buyers looking for more resilient businesses. Coca-Cola Stock Hits Record High as Market Crashes
- Positive Sentiment: Recent articles point to Coca-Cola’s shelf presence, distribution reach and consumer habits as sources of a durable competitive advantage. The company’s ability to raise prices while still growing volume supports the long-term investment case. Coca-Cola Stock Is a Buy Thanks to Shelf Space and Habits
- Positive Sentiment: Investors are also focusing on the company’s 64 consecutive years of dividend increases. Its latest quarterly results beat estimates, with revenue up year over year, and coverage says the company raised its outlook and dividend—supporting its earnings and income appeal. Coca-Cola Earnings Beat Lifts Guidance and Dividend
- Positive Sentiment: Margin expansion despite higher marketing spending, supported by productivity gains and disciplined pricing, suggests Coca-Cola is balancing investment with profitability. Can Coca-Cola Keep Expanding Margins While Investing More?
- Neutral Sentiment: Executive Beatriz Perez sold 67,548 shares, but the reported sale was to cover tax withholding on vested equity awards, making it a limited signal about her view of the business. Coca-Cola EVP Share Sale
- Negative Sentiment: After a strong run this year and a move to record levels, valuation may constrain further gains; one dividend-focused article suggests prospective investors consider waiting before buying. Coca-Cola’s Dividend Record and Valuation
About Coca-Cola
The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world’s most recognized soft drink brands.
The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.
The Coca-Cola Company serves consumers in more than 200 countries and territories through a system that includes company-operated operations, independent bottling partners, distributors, retailers, and food-service providers.
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