University of Texas Texas AM Investment Management Co. Sells 44,017 Shares of CocaCola Company (The) $KO

University of Texas Texas AM Investment Management Co. reduced its holdings in CocaCola Company (The) (NYSE:KOFree Report) by 97.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,108 shares of the company’s stock after selling 44,017 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in CocaCola were worth $77,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KO. Vanguard Group Inc. boosted its position in shares of CocaCola by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 374,771,512 shares of the company’s stock valued at $26,200,276,000 after purchasing an additional 5,886,352 shares in the last quarter. State Street Corp boosted its position in shares of CocaCola by 1.2% during the fourth quarter. State Street Corp now owns 167,850,330 shares of the company’s stock valued at $11,734,417,000 after purchasing an additional 1,992,327 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of CocaCola by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 89,984,203 shares of the company’s stock valued at $6,273,037,000 after purchasing an additional 433,547 shares in the last quarter. Norges Bank bought a new stake in shares of CocaCola during the fourth quarter valued at approximately $3,865,807,000. Finally, Franklin Resources Inc. boosted its position in shares of CocaCola by 3.1% during the fourth quarter. Franklin Resources Inc. now owns 40,289,857 shares of the company’s stock valued at $2,816,697,000 after purchasing an additional 1,195,581 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CocaCola

In other CocaCola news, Chairman James Quincey sold 436,296 shares of CocaCola stock in a transaction on Friday, June 5th. The stock was sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the completion of the transaction, the chairman owned 122,833 shares in the company, valued at approximately $9,842,608.29. The trade was a 78.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction on Friday, May 15th. The shares were sold at an average price of $80.93, for a total value of $2,559,411.25. Following the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at $18,074,096.90. The trade was a 12.40% decrease in their position. 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. Over the last 90 days, insiders sold 899,905 shares of company stock worth $71,832,315. 0.90% of the stock is owned by insiders.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

CocaCola Stock Down 0.8%

Shares of NYSE:KO opened at $80.29 on Wednesday. The stock has a fifty day simple moving average of $78.86 and a two-hundred day simple moving average of $75.81. The stock has a market capitalization of $345.44 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 3.23 and a beta of 0.35. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $84.04. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09.

CocaCola (NYSE:KOGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, research analysts anticipate that CocaCola Company will post 3.26 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. CocaCola’s payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein assumed coverage on CocaCola in a research report on Thursday, June 11th. They set a “market perform” rating and a $84.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Wells Fargo & Company lifted their price target on CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Barclays lifted their price target on CocaCola from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Finally, TD Cowen lifted their price target on CocaCola from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Fifteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.69.

Get Our Latest Analysis on CocaCola

CocaCola Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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