Fifth Third Bancorp Sells 17,792 Shares of Coca-Cola Company (The) $KO

Fifth Third Bancorp decreased its holdings in Coca-Cola Company (The) (NYSE:KO) by 0.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,806,796 shares of the company’s stock after selling 17,792 shares during the quarter. Fifth Third Bancorp owned 0.07% of Coca-Cola worth $241,609,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KO. Garrett Wealth Advisory Group LLC increased its position in shares of 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 buying an additional 107 shares in the last quarter. Certified Advisory Corp raised its stake in shares of Coca-Cola by 0.3% during the 3rd quarter. Certified Advisory Corp now owns 33,711 shares of the company’s stock worth $2,902,000 after buying an additional 108 shares during the period. Lantern Wealth Advisors LLC raised its stake in shares of Coca-Cola by 3.6% during the 2nd quarter. Lantern Wealth Advisors LLC now owns 3,316 shares of the company’s stock worth $270,000 after buying an additional 115 shares during the period. New Wave Wealth Advisors LLC lifted its position in shares of Coca-Cola by 4.4% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 2,747 shares of the company’s stock valued at $248,000 after buying an additional 116 shares in the last quarter. Finally, Gill Capital Partners LLC lifted its position in shares of Coca-Cola by 4.1% during the 2nd quarter. Gill Capital Partners LLC now owns 2,992 shares of the company’s stock valued at $243,000 after buying an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola News Summary

Investors following KO have been watching these news items:

• Positive Sentiment: Zacks Research raised its earnings estimates for multiple periods, including FY2026 to $3.34 per share from $3.29 and FY2028 to $3.78 from $3.74. The upward revisions reinforce expectations for continued earnings growth. Zacks Research estimate revisions
• Positive Sentiment: Articles point to KO’s durable business, strong free cash flow and 64-year dividend-growth streak. One recent comparison argues its 2.3% yield is supported by stronger business fundamentals than Kraft Heinz’s higher yield. Kraft Heinz Yields 6.6% and Coca-Cola Yields 2.3%
• Neutral Sentiment: CFO John Murphy is scheduled to present at the Morgan Stanley Global Consumer & Retail Conference on Dec. 2. The announcement provides an opportunity for investor updates but included no new financial guidance. Conference participation announcement

Coca-Cola Stock Performance

KO opened at $97.59 on Thursday. The firm has a market capitalization of $419.82 billion, a PE ratio of 28.70, a PEG ratio of 3.78 and a beta of 0.28. Coca-Cola Company has a twelve month low of $67.27 and a twelve month high of $97.83. The firm’s 50-day moving average price is $90.45 and its 200 day moving average price is $83.06. The company has a current ratio of 1.38, a quick ratio of 1.19 and a debt-to-equity ratio of 0.93.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, October 27th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $12.92 billion. Coca-Cola had a net margin of 28.65% and a return on equity of 38.79%. Coca-Cola’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. As a group, sell-side analysts expect that Coca-Cola Company will post 3.34 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a $0.53 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.2%. Coca-Cola’s dividend payout ratio is 62.35%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KO shares. Deutsche Bank lifted their price target on shares of Coca-Cola from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Argus upped their price objective on shares of Coca-Cola from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Freedom Broker increased their price objective on shares of Coca-Cola from $85.00 to $89.00 and gave the company a “hold” rating in a report on Wednesday, October 28th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $86.00 price objective (up from $82.00) on shares of Coca-Cola in a report on Tuesday, July 28th. Finally, DZ Bank reiterated a “buy” rating on shares of Coca-Cola in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.26.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Beatriz R. Perez sold 67,548 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $94.91, for a total transaction of $6,410,980.68. Following the transaction, the executive vice president 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 20,585 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $95.62, for a total value of $1,968,337.70. Following the completion of the sale, the executive vice president owned 223,330 shares of the company’s stock, valued at approximately $21,354,814.60. The trade was a 8.44% 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 90 days, insiders sold 249,498 shares of company stock valued at $23,025,238. 0.90% of the stock is currently owned by insiders.

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.