CocaCola Company (The) $KO Shares Sold by Savant Capital LLC

Key Points

• Savant Capital LLC reduced its Coca-Cola stake by 5.0% in the fourth quarter, selling 30,142 shares and leaving it with 570,199 shares valued at about $39.9 million.
• Analysts remain mostly positive on Coca-Cola, with 15 analysts rating it a Buy and a consensus price target of $86.80, while several firms recently raised their targets.
• Coca-Cola reported strong quarterly results, beating EPS and revenue estimates, and it also announced a $0.53 quarterly dividend payable on July 1, implying a 2.6% yield.

Savant Capital LLC cut its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 570,199 shares of the company's stock after selling 30,142 shares during the period. Savant Capital LLC's holdings in CocaCola were worth $39,863,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of CocaCola by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 374,771,512 shares of the company's stock worth $26,200,276,000 after purchasing an additional 5,886,352 shares in the last quarter. State Street Corp lifted its stake in shares of CocaCola by 0.6% during the third quarter. State Street Corp now owns 165,858,003 shares of the company's stock worth $11,083,296,000 after buying an additional 923,278 shares during the period. Geode Capital Management LLC grew its holdings in shares of CocaCola by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 89,984,203 shares of the company's stock valued at $6,273,037,000 after buying an additional 433,547 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of CocaCola by 15.1% during the third quarter. Franklin Resources Inc. now owns 39,094,276 shares of the company's stock valued at $2,592,732,000 after buying an additional 5,135,198 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of CocaCola by 2.8% during the third quarter. Legal & General Group Plc now owns 28,051,787 shares of the company's stock valued at $1,860,395,000 after buying an additional 770,235 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KO has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of CocaCola from $83.00 to $86.00 and gave the company a "buy" rating in a report on Monday, March 30th. Morgan Stanley set a $88.00 price objective on shares of CocaCola in a report on Wednesday, March 11th. UBS Group boosted their price objective on shares of CocaCola from $90.00 to $92.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Weiss Ratings raised shares of CocaCola from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday, May 4th. Finally, Truist Financial set a $85.00 price objective on shares of CocaCola in a report on Wednesday, February 11th. Fifteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $86.80.

Insider Buying and Selling

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of the company's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $80.93, for a total value of $2,559,411.25. Following the sale, the executive vice president directly owned 223,330 shares of the company's stock, valued at approximately $18,074,096.90. This represents a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John Murphy sold 72,449 shares of the company's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $80.52, for a total transaction of $5,833,593.48. Following the completion of the transaction, the chief financial officer owned 279,917 shares of the company's stock, valued at approximately $22,538,916.84. This trade represents a 20.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 630,963 shares of company stock valued at $50,016,979 in the last 90 days. 0.90% of the stock is currently owned by insiders.

CocaCola Price Performance

NYSE:KO opened at $80.45 on Friday. CocaCola Company has a one year low of $65.35 and a one year high of $82.66. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. The firm has a market cap of $346.13 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 3.26 and a beta of 0.35. The firm's fifty day moving average is $77.69 and its two-hundred day moving average is $75.03.

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

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola's dividend payout ratio is presently 66.67%.

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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