Alta Advisers Ltd Buys 12,900 Shares of Coca-Cola Company (The) $KO

Key Points

• Alta Advisers increased its Coca-Cola stake by 87.7% in the third quarter, buying 12,900 shares to hold 27,610 shares worth about $2.38 million.
• Coca-Cola beat quarterly estimates, reporting earnings of $0.91 per share and revenue of $13.35 billion; revenue rose 7.2% year over year.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $97.26. Coca-Cola also declared a quarterly dividend of $0.53 per share.

Alta Advisers Ltd boosted its stake in shares of Coca-Cola Company (The) (NYSE:KO - Free Report) by 87.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,610 shares of the company's stock after purchasing an additional 12,900 shares during the quarter. Alta Advisers Ltd's holdings in Coca-Cola were worth $2,377,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Coca-Cola by 9.5% in the 1st quarter. Bank of America Corp DE now owns 44,018,963 shares of the company's stock valued at $3,347,642,000 after purchasing an additional 3,836,640 shares during the last quarter. OMERS ADMINISTRATION Corp raised its position in shares of Coca-Cola by 1,763.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,383,332 shares of the company's stock worth $257,302,000 after acquiring an additional 3,201,742 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Coca-Cola during the 3rd quarter worth about $260,682,000. Wellington Management Group LLP boosted its holdings in shares of Coca-Cola by 9.2% in the 2nd quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company's stock valued at $2,361,198,000 after buying an additional 2,439,026 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt acquired a new position in Coca-Cola in the second quarter valued at $197,470,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KO shares. JPMorgan Chase & Co. boosted their price objective on Coca-Cola from $95.00 to $98.00 and gave the company an "overweight" rating in a research note on Wednesday, October 28th. UBS Group raised their price objective on shares of Coca-Cola from $104.00 to $106.00 and gave the company a "buy" rating in a research note on Wednesday, October 28th. DZ Bank restated a "buy" rating on shares of Coca-Cola in a report on Wednesday, July 29th. Rothschild & Co Redburn lifted their price target on shares of Coca-Cola from $86.00 to $92.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Finally, Barclays upped their price objective on shares of Coca-Cola from $93.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.26.

Insider Buying and Selling

In other news, EVP Beatriz Perez sold 67,548 shares of the company's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $94.91, for a total value of $6,410,980.68. Following the completion of the sale, the executive vice president owned 160,428 shares of the company's stock, valued at $15,226,221.48. This represents a 29.63% decrease in their ownership of the stock. The sale was disclosed in a 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, 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 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 position. The SEC filing for this sale provides additional information. Insiders sold 238,871 shares of company stock worth $21,918,267 over the last three months. 0.90% of the stock is currently owned by corporate insiders.

Coca-Cola Price Performance

Shares of Coca-Cola stock opened at $95.83 on Friday. The business's fifty day moving average price is $89.83 and its 200 day moving average price is $82.57. Coca-Cola Company has a twelve month low of $67.27 and a twelve month high of $97.39. The company has a current ratio of 1.38, a quick ratio of 1.19 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $412.23 billion, a P/E ratio of 28.85, a PEG ratio of 3.74 and a beta of 0.28.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. The company had revenue of $13.35 billion during the quarter, compared to analyst estimates of $12.92 billion. Coca-Cola had a return on equity of 38.79% and a net margin of 28.65%. The firm's revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. As a group, research analysts anticipate that Coca-Cola Company will post 3.34 earnings per share for the current year.

Coca-Cola Announces Dividend

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

Trending Headlines about Coca-Cola

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

• Positive Sentiment: Coca-Cola’s third-quarter sales and earnings beat expectations, and the company raised its 2026 earnings outlook and lifted its dividend for the 64th consecutive year. The results and guidance reinforce the company’s earnings and income appeal. Does Raised 2026 Guidance Change The Bull Case For Coca Cola Stock?
• Positive Sentiment: Analysts highlighted continued margin expansion despite higher marketing spending, supported by productivity improvements and disciplined pricing—an encouraging sign that Coca-Cola can invest in growth while protecting profitability. Can Coca-Cola Keep Expanding Margins While Investing More?
• Positive Sentiment: Pricing power has not come at the expense of demand: a separate report noted that price increases contributed to sales growth while beverage volume also rose. That combination supports the durability of Coca-Cola’s growth. 1 Reason to Hold Coca-Cola Stock for 10 Years
• Neutral Sentiment: Coca-Cola is reportedly considering an IPO for its India bottling operations, but discussions are preliminary and no decision or timeline has been announced. Coca-Cola Weighs India Bottling IPO
• Neutral Sentiment: EVP Beatriz Perez sold shares, but the transaction was reported as covering tax withholding on vested equity awards, which makes it less informative as a signal about the company’s prospects. Coca-Cola EVP Share Sale

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.