Cannell & Spears LLC Reduces Stock Position in CocaCola Company (The) $KO

Key Points

• Cannell & Spears LLC reduced its Coca-Cola stake by 4.2% in the first quarter, selling 12,730 shares and leaving it with 291,287 shares valued at about $22.15 million.
• Several other institutional investors also changed positions in KO, while hedge funds and institutions still hold a large majority of the stock at 70.26%.
• Coca-Cola reported solid quarterly results, including EPS of $0.86 versus $0.81 expected and revenue of $12.47 billion, and it also announced a quarterly dividend of $0.53 per share.

Cannell & Spears LLC trimmed its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 291,287 shares of the company's stock after selling 12,730 shares during the period. Cannell & Spears LLC's holdings in CocaCola were worth $22,154,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KO. Anfield Capital Management LLC increased its position in shares of CocaCola by 438.8% in the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company's stock worth $25,000 after purchasing an additional 294 shares during the last quarter. Louisbourg Investments Inc. bought a new position in shares of CocaCola during the first quarter worth about $25,000. Headlands Technologies LLC bought a new position in shares of CocaCola during the second quarter worth about $26,000. Evolution Wealth Management Inc. grew its stake in CocaCola by 1,081.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company's stock worth $27,000 after purchasing an additional 357 shares in the last quarter. Finally, Daytona Street Capital LLC bought a new stake in CocaCola in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling at CocaCola

In other CocaCola news, EVP Jennifer K. Mann sold 100,000 shares of the company's stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $79.46, for a total value of $7,946,000.00. Following the completion of the transaction, the executive vice president owned 181,384 shares in the company, valued at approximately $14,412,772.64. This represents a 35.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 31,625 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the completion of the sale, the executive vice president owned 223,330 shares in the company, valued at $18,074,096.90. The trade was a 12.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 899,905 shares of company stock valued at $71,832,315 in the last ninety days. Company insiders own 0.90% of the company's stock.

CocaCola Price Performance

Shares of KO opened at $82.19 on Friday. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $85.68. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The stock has a fifty day moving average price of $81.43 and a 200 day moving average price of $78.05. The company has a market cap of $353.60 billion, a P/E ratio of 25.84, a PEG ratio of 3.29 and a beta of 0.34.

CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The company had revenue of $12.47 billion for the quarter, compared to analysts' expectations of $12.24 billion. During the same period last year, the business posted $0.73 earnings per share. The firm's quarterly revenue was up 11.4% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, research analysts forecast that CocaCola Company will post 3.26 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.53 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 annualized dividend and a yield of 2.6%. CocaCola's dividend payout ratio (DPR) is currently 66.67%.

Analysts Set New Price Targets

KO has been the topic of a number of research analyst reports. UBS Group increased their target price on CocaCola from $92.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. Citigroup upped their price target on CocaCola from $91.00 to $97.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Truist Financial set a $88.00 price objective on shares of CocaCola in a report on Friday, June 26th. Morgan Stanley set a $89.00 target price on shares of CocaCola in a research note on Wednesday, June 10th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of CocaCola in a report on Friday. Fourteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $89.33.

Trending Headlines about CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Warren Buffett reportedly said Coca-Cola remains one of his preferred businesses, reinforcing the company’s reputation as a durable, high-quality consumer staple and potentially supporting investor confidence. Article Title
• Positive Sentiment: Articles highlighting Coca-Cola as a top dividend stock and a favorite among large investors may help reinforce the stock’s defensive, income-oriented appeal. Article Title
• Positive Sentiment: Coverage ahead of Q2 earnings suggests Wall Street is watching for pricing strength and margin gains, which could support the stock if Coca-Cola beats expectations again. Article Title
• Neutral Sentiment: Several articles simply preview Coca-Cola’s upcoming results and key metrics, indicating investor focus is centered on the earnings release rather than a new company-specific catalyst. Article Title
• Negative Sentiment: Recent market commentary noted Coca-Cola underperformed the broader market in the latest session, reflecting near-term selling pressure on the shares. Article Title
• Negative Sentiment: Some analyst-style pieces argue investors could do better in other dividend stocks or Pepsico, which may create mild competition for Coca-Cola among income-focused buyers. Article Title

CocaCola Profile

The Coca‑Cola Company NYSE: KO is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

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