Cyndeo Wealth Partners LLC Sells 6,788 Shares of CocaCola Company (The) $KO

Cyndeo Wealth Partners LLC reduced its holdings in shares of CocaCola Company (The) (NYSE:KO) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,151 shares of the company’s stock after selling 6,788 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in CocaCola were worth $9,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of KO. Eagle Bay Advisors LLC lifted its holdings in CocaCola by 1.5% during the third quarter. Eagle Bay Advisors LLC now owns 17,958 shares of the company’s stock valued at $1,555,000 after purchasing an additional 266 shares in the last quarter. Perryman Financial Advisory Inc. AD raised its position in CocaCola by 1.3% during the third quarter. Perryman Financial Advisory Inc. AD now owns 15,461 shares of the company’s stock valued at $1,331,000 after purchasing an additional 197 shares during the period. Pension & Wealth Management Advisors Inc. increased its position in CocaCola by 23.3% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 9,268 shares of the company’s stock valued at $798,000 after acquiring an additional 1,754 shares during the last quarter. Annex Advisory Services LLC lifted its stake in CocaCola by 1.7% in the third quarter. Annex Advisory Services LLC now owns 10,685 shares of the company’s stock worth $920,000 after purchasing an additional 180 shares during the last quarter. Finally, BFI Infinity Ltd. bought a new position in CocaCola in the 3rd quarter valued at $301,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: KFC switches from Pepsi to Coca-Cola: KFC will replace PepsiCo beverages with Coca-Cola products at its U.S. restaurants next year, ending a relationship that began in 1986. The high-profile contract should provide incremental fountain volume, strengthen Coca-Cola’s North American position and pressure PepsiCo. KFC to switch to Coca-Cola beverages in U.S. restaurants
• Positive Sentiment: Analyst support: UBS reaffirmed its Buy rating, while Jefferies maintained a Buy rating and Barclays reportedly raised its price target. Analysts view the KFC win as evidence of improving competitive momentum in North America. Jefferies maintains Coca-Cola Buy rating
• Positive Sentiment: Rotation into defensive stocks: Coca-Cola, Visa and Mastercard reached records as investors rotated away from chip and artificial-intelligence stocks. KO’s low-beta profile and dependable cash flows make it a potential beneficiary if technology-market volatility increases. Coca-Cola, Visa and Mastercard hit records
• Positive Sentiment: Strong brand and product execution: Coca-Cola Zero Sugar volume grew 16% in the second quarter, outpacing 5% growth for the broader Coca-Cola trademark. Localized pricing, marketing and product strategies are also supporting global consumer engagement. How Coca-Cola is using local execution to fuel global growth
• Neutral Sentiment: Dividend remains a support: Coca-Cola declared a quarterly dividend of $0.53 per share, or $2.12 annualized, representing an indicated yield of about 2.3%. The payout reinforces KO’s income appeal, although the stock’s elevated valuation limits the margin of safety.
• Negative Sentiment: Valuation and growth questions: At roughly 28 times earnings, investors are paying a premium for a mature company. The Zero Sugar gains may partly reflect consumers switching among Coca-Cola products rather than creating entirely new demand, which could limit the long-term earnings benefit. Is Zero Sugar creating new demand or shifting existing sales?

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KO shares. HSBC increased their price objective on CocaCola from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Evercore reiterated an “outperform” rating and issued a $100.00 price target (up from $88.00) on shares of CocaCola in a report on Tuesday, July 28th. Citigroup boosted their target price on shares of CocaCola from $100.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of CocaCola from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, DZ Bank restated a “buy” rating on shares of CocaCola in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.27.

Insiders Place Their Bets

In other news, insider Bruno Pietracci sold 111,365 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $90.93, for a total value of $10,126,419.45. Following the completion of the transaction, the insider owned 41,365 shares of the company’s stock, valued at approximately $3,761,319.45. This trade represents a 72.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John Murphy sold 152,483 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $87.31, for a total transaction of $13,313,290.73. Following the completion of the transaction, the chief financial officer owned 279,917 shares of the company’s stock, valued at approximately $24,439,553.27. This trade represents a 35.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 926,620 shares of company stock valued at $83,075,714. 0.90% of the stock is owned by company insiders.

CocaCola Trading Up 1.9%

KO opened at $93.72 on Friday. The stock has a market capitalization of $403.23 billion, a PE ratio of 28.14, a P/E/G ratio of 3.58 and a beta of 0.32. 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 Company has a one year low of $67.27 and a one year high of $94.10. The business’s 50 day moving average price is $88.47 and its 200 day moving average price is $83.34.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. CocaCola had a return on equity of 39.38% and a net margin of 28.56%. The firm had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $13.17 billion. During the same period last year, the company earned $0.87 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, equities research analysts expect that CocaCola Company will post 3.30 EPS for the current year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.12 annualized dividend and a yield of 2.3%. CocaCola’s dividend payout ratio is presently 63.66%.

CocaCola Company Profile

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and other ready-to-drink products. The company’s best-known brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, Powerade, Minute Maid, fairlife, and Georgia Coffee.

Founded in 1886, the company develops, owns, licenses, markets, and distributes beverage brands through a network of bottling partners, distributors, retailers, and food-service operators.