Providence First Trust Co increased its holdings in Coca-Cola Company (The) (NYSE:KO – Free Report) by 52.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,303 shares of the company’s stock after purchasing an additional 6,331 shares during the quarter. Providence First Trust Co’s holdings in Coca-Cola were worth $1,576,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in shares of Coca-Cola by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 45,958,636 shares of the company’s stock valued at $3,735,058,000 after acquiring an additional 1,939,673 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Coca-Cola by 0.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,354,414 shares of the company’s stock worth $2,954,523,000 after acquiring an additional 162,097 shares during the last quarter. Wellington Management Group LLP grew its position in Coca-Cola by 9.2% during the 2nd quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company’s stock worth $2,361,198,000 after acquiring an additional 2,439,026 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Coca-Cola by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 18,822,295 shares of the company’s stock worth $1,431,495,000 after purchasing an additional 235,785 shares during the period. Finally, Fayez Sarofim & Co increased its stake in Coca-Cola by 0.7% in the 2nd quarter. Fayez Sarofim & Co now owns 15,272,831 shares of the company’s stock worth $1,241,223,000 after purchasing an additional 113,599 shares during the period. 70.26% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related 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 sale, the executive vice president owned 223,330 shares in the company, valued at $20,186,798.70. The trade was a 18.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Beatriz 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 transaction, the executive vice president directly owned 160,428 shares in the company, valued at approximately $15,226,221.48. The trade was a 29.63% 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. Over the last three months, insiders sold 238,871 shares of company stock worth $21,918,267. Insiders own 0.90% of the company’s stock.
Coca-Cola Trading Down 0.0%
Shares of NYSE KO traded down $0.04 during trading hours on Friday, hitting $95.69. The company’s stock had a trading volume of 18,418,474 shares, compared to its average volume of 16,738,640. Coca-Cola Company has a 12 month low of $67.27 and a 12 month high of $97.39. The stock has a market cap of $411.63 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 3.74 and a beta of 0.28. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.19 and a current ratio of 1.38. The business has a 50-day simple moving average of $89.96 and a 200-day simple moving average of $82.69.
Coca-Cola (NYSE:KO – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.91 EPS for the quarter, beating 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 analyst estimates of $12.92 billion. During the same quarter in the prior year, the company posted $0.82 EPS. Coca-Cola’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts anticipate that Coca-Cola Company will post 3.34 earnings per share for the current fiscal year.
Coca-Cola Announces Dividend
The firm 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 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 is Tuesday, December 1st. Coca-Cola’s dividend payout ratio is currently 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
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on KO. CICC Research boosted their price objective on Coca-Cola from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. TD Cowen raised their target price on shares of Coca-Cola from $100.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Seaport Research Partners set a $95.00 target price on shares of Coca-Cola in a research note on Friday, August 14th. Evercore reiterated an “outperform” rating and set a $100.00 price target (up from $88.00) on shares of Coca-Cola in a report on Tuesday, July 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 investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $97.26.
Read Our Latest Analysis on KO
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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