Nixon Peabody Trust Co. Lowers Holdings in CocaCola Company (The) $KO

Nixon Peabody Trust Co. lowered its holdings in CocaCola Company (The) (NYSE:KO) by 3.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 171,332 shares of the company’s stock after selling 5,582 shares during the period. CocaCola makes up 1.0% of Nixon Peabody Trust Co.’s holdings, making the stock its 25th biggest holding. Nixon Peabody Trust Co.’s holdings in CocaCola were worth $13,924,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KO. Everpar Advisors LLC raised its stake in shares of CocaCola by 0.9% in the second quarter. Everpar Advisors LLC now owns 14,504 shares of the company’s stock valued at $1,179,000 after acquiring an additional 125 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in CocaCola by 0.3% in the first quarter. Geneos Wealth Management Inc. now owns 40,879 shares of the company’s stock valued at $3,109,000 after purchasing an additional 129 shares during the period. HORAN Wealth LLC grew its stake in CocaCola by 3.9% during the 1st quarter. HORAN Wealth LLC now owns 3,458 shares of the company’s stock worth $263,000 after purchasing an additional 130 shares in the last quarter. Wills Financial Group LLC grew its stake in CocaCola by 1.3% during the 1st quarter. Wills Financial Group LLC now owns 10,170 shares of the company’s stock worth $816,000 after purchasing an additional 133 shares in the last quarter. Finally, Lee Financial Co increased its holdings in CocaCola by 0.5% during the 2nd quarter. Lee Financial Co now owns 25,177 shares of the company’s stock worth $2,051,000 after purchasing an additional 135 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Price Performance

Shares of NYSE KO opened at $90.38 on Thursday. The stock’s 50-day simple moving average is $83.95 and its 200-day simple moving average is $80.19. The firm has a market capitalization of $388.88 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 3.10 and a beta of 0.33. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $90.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.30.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. The business had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, equities research analysts forecast that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. CocaCola’s payout ratio is 63.66%.

Insider Buying and Selling

In other news, CFO John Murphy sold 152,483 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $87.31, for a total value of $13,313,290.73. Following the completion of the sale, the chief financial officer directly owned 279,917 shares of the company’s stock, valued at approximately $24,439,553.27. The trade was a 35.26% decrease in their position. The transaction was disclosed in a document filed 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 dated Monday, August 10th. The shares were sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the sale, the insider directly owned 62,105 shares of the company’s stock, valued at approximately $5,372,082.50. This trade represents a 13.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,433,535 shares of company stock valued at $121,922,698 over the last ninety days. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

KO has been the subject of several recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $86.00 price objective (up from $82.00) on shares of CocaCola in a research note on Tuesday, July 28th. Evercore restated an “outperform” rating and set a $100.00 target price on shares of CocaCola in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of CocaCola in a report on Friday, July 31st. HSBC downgraded shares of CocaCola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group increased their price objective on shares of CocaCola from $95.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.76.

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.