Point Windward Advisors Inc. lessened its holdings in shares of Coca-Cola Company (The) (NYSE:KO – Free Report) by 19.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,759 shares of the company’s stock after selling 7,020 shares during the quarter. Point Windward Advisors Inc.’s holdings in Coca-Cola were worth $2,562,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of KO. Bank of America Corp DE lifted its position in Coca-Cola by 9.5% during the first quarter. Bank of America Corp DE now owns 44,018,963 shares of the company’s stock valued at $3,347,642,000 after buying an additional 3,836,640 shares in the last quarter. OMERS ADMINISTRATION Corp grew its stake in Coca-Cola by 1,763.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 3,383,332 shares of the company’s stock worth $257,302,000 after buying an additional 3,201,742 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Coca-Cola in the third quarter worth $260,682,000. Wellington Management Group LLP increased its position 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 acquiring an additional 2,439,026 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt purchased a new position in shares of Coca-Cola in the 2nd quarter valued at $197,470,000. Institutional investors and hedge funds own 70.26% of the company’s stock.
Insider Buying and Selling at Coca-Cola
In other news, EVP Beatriz Perez sold 67,548 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $94.91, for a total transaction of $6,410,980.68. Following the completion of the sale, the executive vice president directly owned 160,428 shares in the company, valued at $15,226,221.48. This trade represents a 29.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Coca-Cola stock in a transaction dated Wednesday, August 19th. The stock was 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 in the company, valued at approximately $20,186,798.70. The trade was a 18.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 249,498 shares of company stock valued at $23,025,238 in the last ninety days. Insiders own 0.90% of the company’s stock.
Top Coca-Cola Stories
Investors following KO have been watching these stories:
- Positive Sentiment: Zacks Research raised several earnings forecasts, including FY2026 EPS to $3.34 from $3.29 and FY2028 EPS to $3.78 from $3.74, signaling improved expectations for longer-term earnings. Zacks Research earnings estimate updates
- Neutral Sentiment: Coca-Cola announced that President and CFO John Murphy will speak at the Morgan Stanley Global Consumer & Retail Conference on December 2. The notice did not include new financial guidance. The Coca-Cola Company Announces Participation in Morgan Stanley Global Consumer & Retail Conference
- Negative Sentiment: Some analysts caution that KO’s valuation is elevated after its run-up, and Zacks Research trimmed its Q1 2028 EPS estimate slightly, from $0.95 to $0.94. These factors could weigh on investor appetite despite the positive business outlook. Coca-Cola Stock Hits 52-Week High: Should You Buy Now or Wait?
Coca-Cola Price Performance
Shares of KO stock opened at $97.40 on Friday. The company has a market capitalization of $419.02 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 3.81 and a beta of 0.28. The firm has a fifty day simple moving average of $90.62 and a 200-day simple moving average of $83.18. The company has a current ratio of 1.38, a quick ratio of 1.19 and a debt-to-equity ratio of 0.93. Coca-Cola Company has a twelve month low of $67.27 and a twelve month high of $98.38.
Coca-Cola (NYSE:KO – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $12.92 billion. During the same period last year, the business earned $0.82 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Equities research analysts anticipate that Coca-Cola Company will post 3.34 earnings per share for the current fiscal year.
Coca-Cola Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, December 1st. Coca-Cola’s dividend payout ratio is presently 62.35%.
Analysts Set New Price Targets
KO has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Coca-Cola from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Evercore reissued an “outperform” rating and issued a $100.00 price objective (up from $88.00) on shares of Coca-Cola in a research report on Tuesday, July 28th. TD Cowen boosted their price objective on Coca-Cola from $100.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. UBS Group upped their target price on Coca-Cola from $104.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Finally, Daiwa Securities Group upped their target price on Coca-Cola from $83.00 to $93.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $97.26.
About Coca-Cola
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.
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