Cullinan Associates Inc. cut its stake in Coca-Cola Company (The) (NYSE:KO – Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,094,151 shares of the company’s stock after selling 38,829 shares during the quarter. Coca-Cola accounts for about 7.1% of Cullinan Associates Inc.’s portfolio, making the stock its 2nd biggest position. Cullinan Associates Inc.’s holdings in Coca-Cola were worth $94,185,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of the stock. Garrett Wealth Advisory Group LLC grew its holdings in Coca-Cola by 1.7% during the third quarter. Garrett Wealth Advisory Group LLC now owns 6,274 shares of the company’s stock worth $540,000 after buying an additional 107 shares in the last quarter. Certified Advisory Corp raised its position in Coca-Cola by 0.3% in the 3rd quarter. Certified Advisory Corp now owns 33,711 shares of the company’s stock valued at $2,902,000 after buying an additional 108 shares during the last quarter. Lantern Wealth Advisors LLC raised its position in Coca-Cola by 3.6% in the 2nd quarter. Lantern Wealth Advisors LLC now owns 3,316 shares of the company’s stock valued at $270,000 after buying an additional 115 shares during the last quarter. New Wave Wealth Advisors LLC raised its position in Coca-Cola by 4.4% in the 3rd quarter. New Wave Wealth Advisors LLC now owns 2,747 shares of the company’s stock valued at $248,000 after buying an additional 116 shares during the last quarter. Finally, Gill Capital Partners LLC lifted its stake in Coca-Cola by 4.1% during the 2nd quarter. Gill Capital Partners LLC now owns 2,992 shares of the company’s stock valued at $243,000 after acquiring an additional 117 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Evercore reaffirmed an “outperform” rating and set a $100.00 price objective (up from $88.00) on shares of Coca-Cola in a report on Tuesday, July 28th. Weiss Ratings lowered shares of Coca-Cola from a “buy (a+)” rating to a “buy (a)” rating in a research note on Friday, October 23rd. Citigroup increased their target price on shares of Coca-Cola from $102.00 to $103.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Freedom Broker raised their price target on shares of Coca-Cola from $85.00 to $89.00 and gave the company a “hold” rating in a research report on Wednesday, October 28th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $86.00 price target (up from $82.00) on shares of Coca-Cola in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $97.26.
Check Out Our Latest Stock Report on Coca-Cola
Coca-Cola Price Performance
Coca-Cola stock opened at $95.69 on Friday. The business’s 50 day simple moving average is $89.96 and its 200 day simple moving average is $82.69. Coca-Cola Company has a 12 month low of $67.27 and a 12 month high of $97.39. The company has a market cap of $411.63 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 3.73 and a beta of 0.28. The company has a current ratio of 1.38, a quick ratio of 1.19 and a debt-to-equity ratio of 0.93.
Coca-Cola (NYSE:KO – Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Coca-Cola had a return on equity of 38.79% and a net margin of 28.65%. The business had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same period last year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts forecast that Coca-Cola Company will post 3.34 EPS for the current year.
Coca-Cola Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, December 1st. Coca-Cola’s dividend payout ratio is currently 62.35%.
More Coca-Cola News
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
Insider Transactions at Coca-Cola
In other news, insider Bruno Pietracci sold 111,365 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $90.93, for a total transaction of $10,126,419.45. Following the completion of the transaction, the insider owned 41,365 shares in the company, valued at approximately $3,761,319.45. This represents a 72.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanket Ray sold 9,958 shares of Coca-Cola stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the sale, the insider directly owned 62,105 shares of the company’s stock, valued at approximately $5,372,082.50. This trade represents a 13.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 238,871 shares of company stock worth $21,918,267 over the last quarter. 0.90% of the stock is currently owned by corporate insiders.
Coca-Cola Company Profile
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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