7,497 CocaCola Company (The) $KO Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY reduced its position in shares of CocaCola Company (The) (NYSE:KO) by 1.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 585,636 shares of the company’s stock after selling 7,497 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in CocaCola were worth $50,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Guardian Partners Inc. purchased a new stake in shares of CocaCola during the second quarter valued at $27,000. Horizons Wealth Management bought a new stake in CocaCola in the 3rd quarter worth about $31,000. Atomic Invest LLC raised its position in CocaCola by 38.7% in the 2nd quarter. Atomic Invest LLC now owns 437 shares of the company’s stock worth $36,000 after buying an additional 122 shares during the last quarter. Timbuktu Capital Management LLC purchased a new position in CocaCola in the 2nd quarter worth about $41,000. Finally, Holos Integrated Wealth LLC raised its position in CocaCola by 35.2% in the 3rd quarter. Holos Integrated Wealth LLC now owns 541 shares of the company’s stock worth $51,000 after buying an additional 141 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Transactions at CocaCola

In related news, insider Bruno Pietracci sold 111,365 shares of CocaCola stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $90.93, for a total transaction of $10,126,419.45. Following the transaction, the insider directly owned 41,365 shares in the company, valued at approximately $3,761,319.45. The trade was a 72.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 50,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were 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 of the company’s stock, valued at $20,186,798.70. This represents a 18.29% 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. Insiders sold a total of 469,753 shares of company stock worth $41,968,942 over the last three months. 0.90% of the stock is currently owned by insiders.

CocaCola Stock Down 0.0%

KO stock opened at $92.67 on Tuesday. The company has a market cap of $398.72 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 3.61 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. The business’s 50-day moving average is $89.11 and its two-hundred day moving average is $81.49. CocaCola Company has a fifty-two week low of $67.27 and a fifty-two week high of $95.37.

CocaCola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.04. The business had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. As a group, analysts forecast that CocaCola Company will post 3.30 earnings per share for the current year.

CocaCola Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Piper Sandler upped their target price on shares of CocaCola from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Monday. CICC Research lifted their price target on shares of CocaCola from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Jefferies Financial Group boosted their price objective on shares of CocaCola from $95.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Daiwa Securities Group boosted their price objective on shares of CocaCola from $83.00 to $93.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, DZ Bank restated a “buy” rating on shares of CocaCola in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.59.

Trending Headlines about CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analysts expect Coca-Cola to demonstrate continued growth when it reports third-quarter results. The company previously exceeded estimates with quarterly revenue growth and raised its full-year outlook, while its performance has compared favorably with rival PepsiCo’s reduced guidance. Coca-Cola Q3 earnings on deck: What to expect
• Positive Sentiment: Coca-Cola’s sports beverage strategy could support future growth. Powerade is gaining momentum, with FIFA World Cup marketing and rising demand for fitness-focused drinks providing potential benefits in an expanding category. Coca-Cola’s Sports Beverage Portfolio: Can it Capture Fitness Demand?
• Positive Sentiment: The broader consumer-staples rebound has lifted beverage stocks, and Coca-Cola remains viewed as a defensive, cash-generating company with an established dividend. Its current full-year EPS guidance is approximately $3.27 to $3.30. Consumer Staples Are Up 12% This Year—These 3 Beverage Stocks Are Leading the Way
• Neutral Sentiment: Investors are particularly focused on international performance, including India, along with pricing, volume trends, currency effects and management’s updated outlook. These factors may determine whether Coca-Cola can sustain its recent momentum. Coca-Cola Stock Fell a Day After a 52-Week High: Here’s Why India Matters
• Negative Sentiment: After an approximately 35% advance, KO’s valuation has become more demanding and its dividend yield less attractive relative to PepsiCo. Any earnings miss, cautious guidance or evidence that growth is slowing could trigger a pullback. Coca-Cola Earnings Are Coming. Its Stock Rally Raises the Stakes.

CocaCola 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.

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.