Coca-Cola Company (The) $KO Position Lifted by Providence First Trust Co

Providence First Trust Co lifted its position in shares of Coca-Cola Company (The) (NYSE:KO) by 52.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Coca-Cola by 9.5% in the first quarter. Bank of America Corp DE now owns 44,018,963 shares of the company’s stock worth $3,347,642,000 after purchasing an additional 3,836,640 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its position in Coca-Cola by 1,763.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 3,383,332 shares of the company’s stock valued at $257,302,000 after buying an additional 3,201,742 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Coca-Cola during the 3rd quarter valued at $260,682,000. Wellington Management Group LLP boosted its holdings in shares of Coca-Cola by 9.2% during the 2nd quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company’s stock valued at $2,361,198,000 after buying an additional 2,439,026 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt purchased a new stake in shares of Coca-Cola in the 2nd quarter worth about $197,470,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on KO shares. Argus increased their price target on shares of Coca-Cola from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Rothschild & Co Redburn boosted their price objective on shares of Coca-Cola from $86.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Wells Fargo & Company boosted their price objective on shares of Coca-Cola from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola from $95.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $96.00 target price on shares of Coca-Cola in a research note on Monday, October 26th. One 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. Based on data from MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $97.26.

Insider Activity

In other Coca-Cola news, EVP Beatriz Perez sold 67,548 shares of Coca-Cola stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $94.91, for a total value of $6,410,980.68. Following the completion of the transaction, the executive vice president directly owned 160,428 shares of the company’s stock, valued at approximately $15,226,221.48. The trade was a 29.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $86.50, for a total transaction of $861,367.00. Following the completion of the transaction, the insider owned 62,105 shares in the company, valued at approximately $5,372,082.50. This represents a 13.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 238,871 shares of company stock valued at $21,918,267 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Coca-Cola Stock Down 0.0%

Coca-Cola stock traded down $0.04 during mid-day trading on Friday, hitting $95.69. The company had a trading volume of 18,418,474 shares, compared to its average volume of 16,738,640. The company has a current ratio of 1.38, a quick ratio of 1.19 and a debt-to-equity ratio of 0.93. The stock’s 50 day moving average price is $89.96 and its two-hundred day moving average price 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 capitalization of $411.63 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 3.74 and a beta of 0.28.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. Coca-Cola had a return on equity of 38.79% and a net margin of 28.65%. The firm 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 company earned $0.82 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Coca-Cola Company will post 3.34 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.12 annualized dividend and a yield of 2.2%. Coca-Cola’s payout ratio is 62.35%.

Key Headlines Impacting Coca-Cola

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

About Coca-Cola

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.