Bokf Na Sells 21,333 Shares of Coca-Cola Company (The) $KO

Key Points

• BOKF NA reduced its Coca-Cola stake by 4.8%, selling 21,333 shares in the third quarter and retaining 424,639 shares valued at approximately $36.6 million. Institutional investors collectively own 70.26% of Coca-Cola.
• Coca-Cola reported stronger-than-expected quarterly results, with earnings of $0.91 per share and revenue of $13.35 billion, up 7.2% year over year. The company also maintained its quarterly dividend at $0.53 per share, representing a 2.3% yield.
• Shares were trading near $91.75, while analysts maintained a generally positive outlook, giving Coca-Cola a “Moderate Buy” consensus rating and an average price target of $97.26.

Bokf Na decreased its holdings in Coca-Cola Company (The) (NYSE:KO - Free Report) by 4.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424,639 shares of the company's stock after selling 21,333 shares during the quarter. Bokf Na's holdings in Coca-Cola were worth $36,553,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banco Santander S.A. grew its holdings in shares of Coca-Cola by 3.1% during the second quarter. Banco Santander S.A. now owns 1,090,758 shares of the company's stock valued at $88,646,000 after buying an additional 32,723 shares during the last quarter. CX Institutional increased its position in shares of Coca-Cola by 402.3% in the 3rd quarter. CX Institutional now owns 163,248 shares of the company's stock valued at $14,052,000 after acquiring an additional 130,746 shares during the period. Daymark Wealth Partners LLC raised its stake in Coca-Cola by 68.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 218,199 shares of the company's stock worth $17,733,000 after acquiring an additional 88,690 shares during the last quarter. Moore Capital Management LP purchased a new position in Coca-Cola in the 2nd quarter worth $12,905,000. Finally, Cidel Asset Management Inc. raised its stake in Coca-Cola by 2,091.3% in the 2nd quarter. Cidel Asset Management Inc. now owns 361,934 shares of the company's stock worth $29,414,000 after acquiring an additional 345,417 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Trading Up 0.6%

NYSE KO opened at $91.75 on Thursday. The company has a market capitalization of $394.76 billion, a PE ratio of 27.55, a P/E/G ratio of 3.61 and a beta of 0.32. The company has a fifty day moving average of $89.35 and a 200 day moving average of $81.84. Coca-Cola Company has a 1 year low of $67.27 and a 1 year high of $95.37. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $13.35 billion for the quarter, compared to analyst estimates of $12.92 billion. Coca-Cola had a net margin of 28.56% and a return on equity of 39.38%. The firm's revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 earnings per share. Research analysts forecast that Coca-Cola Company will post 3.30 earnings per share for the current year.

Coca-Cola Dividend Announcement

The business also recently disclosed 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. This represents a $2.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, December 1st. Coca-Cola's payout ratio is 63.66%.

Insider Buying and Selling

In related news, EVP Nancy Quan sold 50,000 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the sale, the executive vice president directly owned 223,330 shares of the company's stock, valued at $20,186,798.70. This trade represents a 18.29% decrease in their ownership of the stock. The transaction 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, insider Sanket Ray sold 9,958 shares of Coca-Cola stock in a transaction that occurred on 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 owned 62,105 shares of the company's stock, valued at approximately $5,372,082.50. This represents a 13.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 323,806 shares of company stock worth $28,820,577. Corporate insiders own 0.90% of the company's stock.

Trending Headlines about Coca-Cola

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

• Positive Sentiment: Coca-Cola exceeded expectations with third-quarter adjusted EPS of $0.91 versus $0.88 expected and revenue of approximately $13.35 billion versus $12.92 billion expected. Revenue increased 7.2% year over year, while global unit-case volume rose 5%, led by Coca-Cola Zero Sugar and international markets. Coca-Cola Q3 Earnings Beat Estimates on Volume Growth, Outlook Raised
• Positive Sentiment: Management raised its 2026 comparable EPS-growth outlook to at least 11%, up from the prior 9%-10% forecast, marking the third consecutive outlook increase. Margin strength, pricing, favorable currency trends and resilient demand for zero-sugar and premium beverages supported the improved outlook. KO Q3 Earnings Call Highlights
• Positive Sentiment: Analysts became more constructive: Citigroup raised its target to $103 with a Buy rating, TD Cowen raised its target to $104 with a Buy rating, and JPMorgan lifted its target to $98 with an Overweight rating. Coca-Cola Analyst Forecasts
• Neutral Sentiment: Coca-Cola’s 64-year dividend-growth record and roughly 2.3% yield continue to appeal to income-focused investors, but the valuation leaves less room for error after a substantial share-price rally.
• Negative Sentiment: North American volume was flat, with weakness in water, sports drinks, coffee and tea. Analysts also cited potential consumer pressure into 2027, pending IRS litigation and future revenue effects from divestitures. Freedom Broker therefore raised its target only to $89 and retained a Hold rating. Coca-Cola Earnings Beat and Outlook

Wall Street Analyst Weigh In

KO has been the topic of several research analyst reports. UBS Group boosted their price target on Coca-Cola from $104.00 to $106.00 and gave the company a "buy" rating in a research note on Wednesday. Barclays raised their price objective on Coca-Cola from $93.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, October 16th. The Goldman Sachs Group restated a "neutral" rating and issued a $86.00 price objective (up from $82.00) on shares of Coca-Cola in a research note on Tuesday, July 28th. Weiss Ratings downgraded Coca-Cola from a "buy (a+)" rating to a "buy (a)" rating in a report on Friday, October 23rd. Finally, Evercore reiterated an "outperform" rating and issued a $100.00 target price (up from $88.00) on shares of Coca-Cola in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.

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.