Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Sells 80,795 Shares of CocaCola Company (The) $KO

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust decreased its holdings in CocaCola Company (The) (NYSE:KO) by 46.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,369 shares of the company’s stock after selling 80,795 shares during the quarter. CocaCola accounts for about 2.0% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s portfolio, making the stock its 23rd largest holding. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s holdings in CocaCola were worth $7,507,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Everpar Advisors LLC increased its holdings in shares of CocaCola by 0.9% during the second quarter. Everpar Advisors LLC now owns 14,504 shares of the company’s stock worth $1,179,000 after purchasing an additional 125 shares during the period. Geneos Wealth Management Inc. raised its position in shares of 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 buying an additional 129 shares in the last quarter. HORAN Wealth LLC boosted its stake in shares of CocaCola by 3.9% in the first quarter. HORAN Wealth LLC now owns 3,458 shares of the company’s stock valued at $263,000 after buying an additional 130 shares during the period. Wills Financial Group LLC boosted its stake in shares of CocaCola by 1.3% in the first quarter. Wills Financial Group LLC now owns 10,170 shares of the company’s stock valued at $816,000 after buying an additional 133 shares during the period. Finally, Lee Financial Co grew its position in CocaCola by 0.5% during the second quarter. Lee Financial Co now owns 25,177 shares of the company’s stock worth $2,051,000 after buying an additional 135 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Activity at CocaCola

In related news, insider Bruno Pietracci sold 75,727 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $89.65, for a total transaction of $6,788,925.55. Following the sale, the insider owned 35,393 shares in the company, valued at $3,172,982.45. The trade was a 68.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 stock was sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the transaction, the insider directly owned 62,105 shares of the company’s stock, valued at approximately $5,372,082.50. The trade was a 13.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,433,535 shares of company stock valued at $121,922,698. 0.90% of the stock is owned by company insiders.

CocaCola Stock Up 1.8%

KO stock opened at $90.38 on Thursday. The firm has a 50-day moving average price of $83.95 and a 200-day moving average price of $80.19. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $90.92. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $388.88 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 3.10 and a beta of 0.33.

CocaCola (NYSE:KO) last announced its quarterly 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 company had revenue of $13.37 billion for the quarter, compared to analyst estimates of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, equities research analysts anticipate that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement

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

Wall Street Analyst Weigh In

KO has been the topic of a number of recent research reports. TD Cowen raised their price objective on CocaCola from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. HSBC lowered CocaCola from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Barclays boosted their price target on CocaCola from $91.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Piper Sandler upped their price objective on shares of CocaCola from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $86.00 price objective (up from $82.00) on shares of CocaCola in a research note on Tuesday, July 28th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, CocaCola has a consensus rating of “Moderate Buy” and a consensus 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.