Coca-Cola Company (The) $KO Shares Sold by VCI Wealth Management LLC

VCI Wealth Management LLC trimmed its stake in Coca-Cola Company (The) (NYSE:KO) by 19.4% during the third quarter, Holdings Channel reports. The fund owned 26,562 shares of the company’s stock after selling 6,394 shares during the period. VCI Wealth Management LLC’s holdings in Coca-Cola were worth $2,286,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in Coca-Cola by 4.4% during the second quarter. Bank of America Corp DE now owns 45,958,636 shares of the company’s stock worth $3,735,058,000 after purchasing an additional 1,939,673 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Coca-Cola by 0.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,354,414 shares of the company’s stock worth $2,954,523,000 after purchasing an additional 162,097 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Coca-Cola by 9.2% in the second quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company’s stock worth $2,361,198,000 after purchasing an additional 2,439,026 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Coca-Cola by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 18,822,295 shares of the company’s stock valued at $1,431,495,000 after purchasing an additional 235,785 shares during the period. Finally, Fayez Sarofim & Co raised its position in shares of Coca-Cola by 0.7% in the second quarter. Fayez Sarofim & Co now owns 15,272,831 shares of the company’s stock valued at $1,241,223,000 after purchasing an additional 113,599 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Trending Headlines about Coca-Cola

Here are the key news stories impacting Coca-Cola this week:

• Positive Sentiment: Pricing power is supporting margins. Coca-Cola has been passing higher costs on to consumers as inflation persists, demonstrating the strength of its brands and helping protect profitability. Coca-Cola Is Exercising its Pricing Power as Inflation Persists
• Positive Sentiment: New distribution wins add growth potential. Coca-Cola’s agreement to supply beverages to approximately 3,600 U.S. KFC restaurants beginning in 2027 gives the company additional volume and visibility in an important food-service channel. What Coca-Cola Holders Saw Early
• Positive Sentiment: Recent results reinforce the defensive investment case. Coca-Cola delivered quarterly EPS of $0.91 versus an $0.88 consensus estimate, while revenue rose 7.2% year over year to $13.35 billion. Analysts and investors also point to strong free-cash-flow margins, geographic diversification and a capital-light model that supports continued dividend growth. Coca-Cola Delivers Strong Growth – But is KO Stock Undervalued?
• Neutral Sentiment: Valuation may limit near-term upside. KO trades at approximately 28 times expected earnings, well above UPS at about 15 times, although Coca-Cola offers greater stability and a long record of dividend increases. The premium valuation means further gains likely depend on continued volume growth, successful new contracts and sustained earnings execution. Coca-Cola vs. UPS

Insider Transactions at Coca-Cola

In related news, insider Sanket Ray sold 9,958 shares of Coca-Cola stock in a transaction on Monday, August 10th. The stock was sold at an average price of $86.50, for a total transaction of $861,367.00. Following the completion of the sale, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruno Pietracci sold 111,365 shares of Coca-Cola stock in a transaction 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 sale, the insider directly owned 41,365 shares of the company’s stock, valued at $3,761,319.45. This represents a 72.92% 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. Over the last quarter, insiders have sold 171,323 shares of company stock valued at $15,507,286. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on KO. Bank of America upped their price target on shares of Coca-Cola from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Morgan Stanley lifted their price target on Coca-Cola from $100.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. CICC Research boosted their price objective on Coca-Cola from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. The Goldman Sachs Group reissued 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, Royal Bank Of Canada restated an “outperform” rating and issued a $96.00 target price on shares of Coca-Cola in a research note on Monday, October 26th. One 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 data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $97.26.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $95.93 on Tuesday. The company has a 50 day moving average of $89.57 and a 200 day moving average of $82.20. The company has a current ratio of 1.38, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The stock has a market cap of $412.70 billion, a P/E ratio of 28.22, a P/E/G ratio of 3.52 and a beta of 0.32. Coca-Cola Company has a 12 month low of $67.27 and a 12 month high of $96.26.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. Coca-Cola had a net margin of 28.65% and a return on equity of 38.79%. The business had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Coca-Cola Company will post 3.34 EPS for the current fiscal year.

Coca-Cola Announces Dividend

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

Coca-Cola 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.