Retirement Systems of Alabama trimmed its holdings in Coca-Cola Company (The) (NYSE:KO – Free Report) by 38.2% during the third quarter, HoldingsChannel.com reports. The firm owned 1,121,068 shares of the company’s stock after selling 691,757 shares during the period. Retirement Systems of Alabama’s holdings in Coca-Cola were worth $96,502,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Garrett Wealth Advisory Group LLC raised its holdings in Coca-Cola by 1.7% in the third quarter. Garrett Wealth Advisory Group LLC now owns 6,274 shares of the company’s stock valued at $540,000 after acquiring an additional 107 shares in the last quarter. Certified Advisory Corp increased its position in shares of Coca-Cola by 0.3% in the 3rd quarter. Certified Advisory Corp now owns 33,711 shares of the company’s stock worth $2,902,000 after purchasing an additional 108 shares during the last quarter. Lantern Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 115 shares in the last quarter. New Wave Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 116 shares in the last quarter. Finally, Gill Capital Partners LLC raised its stake in shares of Coca-Cola by 4.1% in the 2nd quarter. Gill Capital Partners LLC now owns 2,992 shares of the company’s stock valued at $243,000 after purchasing an additional 117 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Coca-Cola
In other Coca-Cola news, EVP Beatriz Perez sold 67,548 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $15,226,221.48. The trade was a 29.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total value of $4,519,500.00. Following the sale, the executive vice president directly owned 223,330 shares in the company, valued at approximately $20,186,798.70. The trade was a 18.29% decrease in their position. 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. In the last 90 days, insiders have sold 249,498 shares of company stock valued at $23,025,238. Company insiders own 0.90% of the company’s stock.
Coca-Cola Trading Up 0.4%
NYSE:KO opened at $96.00 on Tuesday. The business has a 50 day simple moving average of $90.09 and a 200 day simple moving average of $82.81. The firm has a market capitalization of $413.00 billion, a P/E ratio of 28.24, 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 current ratio of 1.38 and a quick ratio of 1.19. Coca-Cola Company has a 12-month low of $67.27 and a 12-month high of $97.39.
Coca-Cola (NYSE:KO – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Coca-Cola had a net margin of 28.65% and a return on equity of 38.79%. The business had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same quarter last year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts predict that Coca-Cola Company will post 3.34 EPS for the current year.
Coca-Cola Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders 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 of this dividend is Tuesday, December 1st. Coca-Cola’s dividend payout ratio (DPR) is 62.35%.
Key Coca-Cola News
Here are the key news stories impacting Coca-Cola this week:
- Positive Sentiment: Several articles point to Coca-Cola’s durable brands and dividend appeal, noting its 64-year streak of dividend increases. One comparison says a $1,000 investment in KO outperformed PepsiCo over the past decade. These themes may support income-oriented investors’ interest. 3 Top Dividend Stocks to Buy in November for a Lifetime of Passive Income PepsiCo Has Raised Its Dividend 54 Straight Years, but $1,000 in Coca-Cola Finished $1,296 Ahead Over the Past Decade
- Neutral Sentiment: Coca-Cola India’s IPO is moving forward with draft papers, though its 40% partner, Jubilant Beverages, will not participate in the sale. The reports provide no details on proceeds or the potential financial impact for KO. Coca-Cola India IPO moves forward with draft papers
- Neutral Sentiment: EVP Nancy Quan sold 20,585 shares, but the filing says the sale covered tax withholding on vested equity awards; she retained 223,330 shares. That makes the transaction less indicative of a change in her outlook. SEC Form 4 filing
- Negative Sentiment: A valuation concern stands out: commentary says KO shares are up about 37% in 2026, while the company has raised its 2026 earnings forecast only about 3% since February. Another article places KO among Dow stocks with limited upside; the cited average analyst target of $97.26 is close to the recent share price. This may temper enthusiasm after the stock’s run toward a record. Coca-Cola Stock Keeps Setting Records. I’m Still Not Buying It. Coca-Cola Makes the Dow’s Low-Upside List
Wall Street Analyst Weigh In
KO has been the topic of several research analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $93.00 price target (up from $83.00) on shares of Coca-Cola in a research report on Wednesday, July 29th. Evercore reissued an “outperform” rating and issued a $100.00 price objective (up from $88.00) on shares of Coca-Cola in a report on Tuesday, July 28th. Freedom Broker upped their price objective on Coca-Cola from $85.00 to $89.00 and gave the company a “hold” rating in a research note on Wednesday, October 28th. Wells Fargo & Company increased their target price on Coca-Cola from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Finally, UBS Group increased their target price on Coca-Cola from $104.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.26.
Get Our Latest Research Report on Coca-Cola
Coca-Cola 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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