Coca-Cola Company (The) $KO Shares Bought by Allen Investment Management LLC

Key Points

• Allen Investment Management increased its Coca-Cola stake by 43.7% in the third quarter, adding 103,772 shares and bringing its holdings to 341,016 shares, valued at about $29.4 million.
• Coca-Cola beat quarterly earnings and revenue expectations, reporting EPS of $0.91 versus $0.88 expected and revenue of $13.35 billion, up 7.2% year over year.
• The company declared a quarterly dividend of $0.53 per share, equivalent to $2.12 annually and a 2.2% yield; analysts’ consensus rating was “Moderate Buy,” with an average price target of $97.26.

Allen Investment Management LLC increased its holdings in Coca-Cola Company (The) (NYSE:KO - Free Report) by 43.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 341,016 shares of the company's stock after acquiring an additional 103,772 shares during the quarter. Allen Investment Management LLC's holdings in Coca-Cola were worth $29,355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Guardian Partners Inc. purchased a new stake in shares of Coca-Cola in the 2nd quarter worth approximately $27,000. Horizons Wealth Management bought a new position in shares of Coca-Cola during the third quarter valued at approximately $31,000. Atomic Invest LLC boosted its stake in shares of Coca-Cola by 38.7% during the second quarter. Atomic Invest LLC now owns 437 shares of the company's stock valued at $36,000 after purchasing an additional 122 shares in the last quarter. Timbuktu Capital Management LLC purchased a new position in Coca-Cola during the second quarter valued at approximately $41,000. Finally, Putney Financial Group LLC purchased a new position in Coca-Cola during the third quarter valued at approximately $43,000. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Down 0.0%

Shares of Coca-Cola stock opened at $95.69 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.93. The company has a market cap of $411.63 billion, a P/E ratio of 28.14, a PEG ratio of 3.73 and a beta of 0.28. The firm's 50 day moving average price is $89.96 and its 200-day moving average price is $82.69. Coca-Cola Company has a 52-week low of $67.27 and a 52-week high of $97.39.

Coca-Cola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, October 27th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. The company had revenue of $13.35 billion during the quarter, compared to analysts' expectations of $12.92 billion. Coca-Cola had a net margin of 28.65% and a return on equity of 38.79%. Coca-Cola's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. On average, sell-side analysts predict that Coca-Cola Company will post 3.34 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.2%. Coca-Cola's dividend payout ratio is presently 62.35%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KO shares. Citigroup boosted their price objective on shares of Coca-Cola from $102.00 to $103.00 and gave the stock a "buy" rating in a research note on Wednesday, October 28th. BNP Paribas Exane increased their target price on Coca-Cola from $90.00 to $98.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. TD Cowen lifted their price target on Coca-Cola from $100.00 to $104.00 and gave the company a "buy" rating in a report on Wednesday, October 28th. Morgan Stanley lifted their price target on Coca-Cola from $100.00 to $103.00 and gave the company an "overweight" rating in a report on Wednesday, October 28th. Finally, Wells Fargo & Company boosted their price target on Coca-Cola from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Coca-Cola currently has an average rating of "Moderate Buy" and a consensus price target of $97.26.

Trending Headlines about Coca-Cola

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

• Positive Sentiment: Coca-Cola shares reportedly reached a record high as investors sought defensive stocks amid a market downturn. Its established brands and dividend income may be attracting buyers looking for more resilient businesses. Coca-Cola Stock Hits Record High as Market Crashes
• Positive Sentiment: Recent articles point to Coca-Cola’s shelf presence, distribution reach and consumer habits as sources of a durable competitive advantage. The company’s ability to raise prices while still growing volume supports the long-term investment case. Coca-Cola Stock Is a Buy Thanks to Shelf Space and Habits
• Positive Sentiment: Investors are also focusing on the company’s 64 consecutive years of dividend increases. Its latest quarterly results beat estimates, with revenue up year over year, and coverage says the company raised its outlook and dividend—supporting its earnings and income appeal. Coca-Cola Earnings Beat Lifts Guidance and Dividend
• Positive Sentiment: Margin expansion despite higher marketing spending, supported by productivity gains and disciplined pricing, suggests Coca-Cola is balancing investment with profitability. Can Coca-Cola Keep Expanding Margins While Investing More?
• Neutral Sentiment: Executive Beatriz Perez sold 67,548 shares, but the reported sale was to cover tax withholding on vested equity awards, making it a limited signal about her view of the business. Coca-Cola EVP Share Sale
• Negative Sentiment: After a strong run this year and a move to record levels, valuation may constrain further gains; one dividend-focused article suggests prospective investors consider waiting before buying. Coca-Cola’s Dividend Record and Valuation

Insiders Place Their Bets

In other news, insider Sanket Ray sold 9,958 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $86.50, for a total transaction of $861,367.00. Following the completion of the sale, the insider owned 62,105 shares in the company, valued at approximately $5,372,082.50. This represents a 13.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nancy Quan sold 50,000 shares of the firm's stock in a transaction on 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 completion of the sale, the executive vice president directly owned 223,330 shares of the company's stock, valued at $20,186,798.70. The trade was a 18.29% 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. In the last ninety days, insiders sold 238,871 shares of company stock valued at $21,918,267. Company insiders own 0.90% of the company's stock.

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.

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