35,691 Coca-Cola Company (The) $KO Shares Acquired by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. increased its Coca-Cola stake by 27.6%, acquiring 35,691 shares to hold 164,919 shares valued at approximately $14.2 million. Institutional investors and hedge funds collectively own 70.26% of KO.
• Coca-Cola reported quarterly EPS of $0.91 and revenue of about $13.4 billion, beating estimates, while revenue rose 7.2% year over year. Management raised its full-year comparable EPS growth outlook to at least 11%, though North American volumes remained flat.
• Wall Street remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $96.59; the company also declared a quarterly dividend of $0.53, yielding approximately 2.3% annually.

Oppenheimer & Co. Inc. increased its stake in shares of Coca-Cola Company (The) (NYSE:KO - Free Report) by 27.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 164,919 shares of the company's stock after acquiring an additional 35,691 shares during the period. Oppenheimer & Co. Inc.'s holdings in Coca-Cola were worth $14,196,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Coca-Cola by 4.4% during the 2nd 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Coca-Cola by 0.4% during the 2nd 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 raised its stake in shares of Coca-Cola by 9.2% during the 2nd 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 boosted its holdings in shares of Coca-Cola by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 18,822,295 shares of the company's stock valued at $1,431,495,000 after buying an additional 235,785 shares during the last quarter. Finally, Fayez Sarofim & Co boosted its holdings in shares of Coca-Cola by 0.7% in the 2nd quarter. Fayez Sarofim & Co now owns 15,272,831 shares of the company's stock valued at $1,241,223,000 after buying an additional 113,599 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Sanket Ray sold 9,958 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $86.50, for a total value of $861,367.00. Following the transaction, the insider directly owned 62,105 shares of the company's stock, valued at $5,372,082.50. This represents a 13.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Murphy sold 152,483 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer owned 279,917 shares of the company's stock, valued at approximately $24,439,553.27. This represents a 35.26% decrease in their position. 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. Over the last 90 days, insiders sold 323,806 shares of company stock worth $28,820,577. Company insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Bank of America raised their target price 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. Argus increased their price target on shares of Coca-Cola from $91.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. cut their price target on shares of Coca-Cola from $96.00 to $95.00 and set an "overweight" rating for the company in a research note on Monday, September 28th. Barclays lifted their price objective on shares of Coca-Cola from $93.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, October 16th. Finally, HSBC boosted their price objective on shares of Coca-Cola from $90.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. One equities research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.59.

Coca-Cola News Summary

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

• Positive Sentiment: Quarterly adjusted EPS was $0.91, above the approximately $0.88 analyst consensus, while revenue reached $13.38 billion versus expectations of $12.92 billion. Revenue increased 7.2% year over year. Coca-Cola Q3 Earnings Beat Estimates on Volume Growth, Outlook Raised
• Positive Sentiment: Global unit case volume grew 5%, organic revenue increased 7%, and Coca-Cola Zero Sugar volume rose 16%, indicating that growth was supported by demand and volume—not solely by pricing. Coca-Cola Organic Revenue Jumps 7% Despite Flat North America Volumes
• Positive Sentiment: Management raised its full-year comparable EPS growth outlook to at least 11%, up from 9% to 10%, marking the third consecutive outlook increase. The company also cited sustained momentum in premium beverages and emerging markets. Coca-Cola Raises Profit Outlook, but Warns Consumer Pressures Could Persist Into 2027
• Positive Sentiment: Year-to-date free cash flow reached $11.4 billion, supporting Coca-Cola’s long-standing dividend appeal and reinforcing its defensive profile for income-oriented investors. Coca-Cola: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Diet Coke remained a notable demand driver, with CEO Henrique Braun dismissing the “fridge cigarette” nickname as consumer-driven branding rather than a business concern.
• Negative Sentiment: North American volume was flat, with weakness in water, sports drinks, coffee, and tea. Investors are concerned that international growth is currently offsetting softness in Coca-Cola’s home market. Coca-Cola Stock Pulls Back Amid Slowing U.S. Demand
• Negative Sentiment: KO had already risen sharply and trades at a premium valuation, with a P/E near 27. Investors may therefore be taking profits after the beat, particularly as management warned that consumer pressures could persist into 2027.

Coca-Cola Stock Down 1.5%

NYSE:KO opened at $91.33 on Wednesday. The stock's 50 day moving average price is $89.29 and its two-hundred day moving average price is $81.73. The firm has a market capitalization of $392.94 billion, a price-to-earnings ratio of 27.43 and a beta of 0.32. Coca-Cola Company has a 12-month low of $67.27 and a 12-month high of $95.37.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. The business had revenue of $13.40 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The business's quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts expect that Coca-Cola Company will post 3.30 EPS for the current year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, December 1st. Coca-Cola's dividend payout ratio is 63.66%.

Coca-Cola 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.

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