Griffin Asset Management Inc. lessened its holdings in CocaCola Company (The) (NYSE:KO – Free Report) by 5.7% during the first quarter, Holdings Channel.com reports. The firm owned 139,052 shares of the company’s stock after selling 8,370 shares during the quarter. Griffin Asset Management Inc.’s holdings in CocaCola were worth $10,575,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anfield Capital Management LLC grew its stake in shares of CocaCola by 438.8% during the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after purchasing an additional 294 shares during the period. Louisbourg Investments Inc. purchased a new position in shares of CocaCola in the 1st quarter valued at about $25,000. Headlands Technologies LLC acquired a new stake in shares of CocaCola in the second quarter valued at about $26,000. Evolution Wealth Management Inc. lifted its stake in shares of CocaCola by 1,081.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after purchasing an additional 357 shares during the period. Finally, Daytona Street Capital LLC purchased a new stake in CocaCola during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 70.26% of the company’s stock.
Insider Buying and Selling at CocaCola
In other CocaCola news, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the completion of the transaction, the executive vice president directly owned 223,330 shares in the company, valued at approximately $18,074,096.90. The trade was a 12.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 100,000 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $79.46, for a total value of $7,946,000.00. Following the transaction, the executive vice president directly owned 181,384 shares in the company, valued at approximately $14,412,772.64. This represents a 35.54% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last three months, insiders sold 899,905 shares of company stock worth $71,832,315. Insiders own 0.90% of the company’s stock.
More CocaCola News
- Positive Sentiment: Coca-Cola announced a global strategic beverage partnership with Marriott International, making KO Marriott’s primary beverage provider across guestrooms, restaurants, lounges, and events. The phased worldwide rollout could expand Coca-Cola’s reach in the hospitality channel and support sales for its broader beverage portfolio. Article Title
- Positive Sentiment: Separate coverage highlighted the Marriott deal as potentially “game changing” for Coca-Cola, reinforcing investor optimism that the new distribution agreement could become a meaningful growth driver over time. Article Title
- Neutral Sentiment: Several articles focused on Coca-Cola’s long-term appeal and steady compounding profile, which supports the stock’s defensive reputation but does not point to an immediate catalyst. Article Title
- Neutral Sentiment: Some commentary questioned whether KO has become expensive after its recent run, which could temper upside as investors weigh valuation against Coca-Cola’s stable fundamentals. Article Title
- Negative Sentiment: Despite the broader market moving higher, Coca-Cola was cited as closing lower in the latest session, suggesting some near-term profit-taking or cautious sentiment around the stock. Article Title
CocaCola Price Performance
NYSE:KO opened at $82.50 on Friday. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $85.68. The firm has a market cap of $354.93 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 3.33 and a beta of 0.34. The company’s 50-day moving average is $80.70 and its two-hundred day moving average is $77.12. 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:KO – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share 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 analyst estimates of $12.24 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Research analysts expect that CocaCola Company will post 3.26 EPS for the current year.
CocaCola Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 15th. CocaCola’s payout ratio is presently 66.67%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on KO. Barclays upped their target price on shares of CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Jefferies Financial Group boosted their price target on CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Sanford C. Bernstein set a $83.00 price target on CocaCola in a research note on Thursday. Truist Financial set a $88.00 price target on CocaCola in a report on Friday, June 26th. Finally, Morgan Stanley set a $89.00 price objective on CocaCola in a research note on Wednesday, June 10th. 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.81.
Get Our Latest Report on CocaCola
CocaCola Company Profile
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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