CocaCola Company (The) $KO Shares Sold by Comerica Bank

Key Points

• Comerica Bank trimmed its stake in Coca‑Cola by 5.2%, selling 75,841 shares and leaving it with 1,378,095 shares worth about $91.4 million, while institutions own roughly 70.3% of the stock.
• Significant insider selling occurred recently: CFO John Murphy sold 99,437 shares (~$7.996M) and other insiders sold a total of 892,925 shares (~$70.25M) in the last quarter, with insiders now owning 0.97% of the company.
• Operational and market outlook: Coca‑Cola beat EPS estimates ($0.58 vs. $0.56) but missed revenue expectations slightly, raised its quarterly dividend to $0.53 (2.7% yield), and retains a consensus analyst rating of "Buy" with a $84.40 target price.

Comerica Bank cut its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 5.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,378,095 shares of the company's stock after selling 75,841 shares during the period. Comerica Bank's holdings in CocaCola were worth $91,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in CocaCola during the second quarter worth $26,000. Marquette Asset Management LLC purchased a new position in CocaCola in the third quarter valued at $27,000. Cloud Capital Management LLC purchased a new position in CocaCola in the third quarter valued at $27,000. Redmont Wealth Advisors LLC acquired a new position in shares of CocaCola in the third quarter worth about $30,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of CocaCola in the third quarter worth about $34,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Stock Performance

Shares of NYSE:KO opened at $77.34 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.25. The business's 50 day moving average price is $75.64 and its 200-day moving average price is $71.37. The firm has a market capitalization of $332.60 billion, a PE ratio of 25.44, a P/E/G ratio of 3.25 and a beta of 0.35. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $82.00.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The firm had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $12.04 billion. During the same period in the prior year, the company earned $0.55 EPS. The firm's revenue was up 2.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. As a group, equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $0.53 dividend. This is an increase from CocaCola's previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, March 13th. CocaCola's payout ratio is 67.11%.

Analyst Ratings Changes

KO has been the topic of several research analyst reports. UBS Group raised their price objective on CocaCola from $82.00 to $87.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $83.00 target price on shares of CocaCola in a research report on Thursday, January 29th. Barclays lifted their price target on shares of CocaCola from $77.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, February 12th. Morgan Stanley set a $88.00 price objective on shares of CocaCola in a research report on Wednesday. Finally, TD Cowen reaffirmed a "buy" rating on shares of CocaCola in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. Based on data from MarketBeat, CocaCola presently has a consensus rating of "Buy" and a consensus target price of $84.40.

Insider Transactions at CocaCola

In related news, insider Bruno Pietracci sold 28,765 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total transaction of $2,284,228.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John Murphy sold 99,437 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $80.42, for a total transaction of $7,996,723.54. Following the completion of the sale, the chief financial officer owned 410,550 shares of the company's stock, valued at approximately $33,016,431. The trade was a 19.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 892,925 shares of company stock valued at $70,254,796. Company insiders own 0.97% of the company's stock.

CocaCola Company 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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