CocaCola Company (The) $KO Stock Bought by CX Institutional

Key Points

• CX Institutional increased its Coca-Cola stake by 402.3% in the third quarter, holding 163,248 shares valued at approximately $14.1 million. Institutional investors collectively own 70.26% of KO.
• Analysts remain broadly bullish, with one Strong Buy, 20 Buy, and two Hold ratings. The consensus price target is $96.18, while several firms recently raised targets to $98–$100.
• Coca-Cola reported quarterly EPS of $0.97, beating estimates, and revenue of $13.37 billion, up 6.2% year over year. The company declared a $0.53 quarterly dividend, equivalent to an annualized $2.12 payout and a 2.5% yield.

CX Institutional lifted its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 402.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 163,248 shares of the company's stock after acquiring an additional 130,746 shares during the quarter. CX Institutional's holdings in CocaCola were worth $14,052,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banco Santander S.A. increased its position in CocaCola by 3.1% during the 2nd quarter. Banco Santander S.A. now owns 1,090,758 shares of the company's stock valued at $88,646,000 after purchasing an additional 32,723 shares during the period. Daymark Wealth Partners LLC lifted its position in shares of CocaCola 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 purchasing an additional 88,690 shares during the period. Cibc World Market Inc. lifted its position in shares of CocaCola by 4.8% in the 4th quarter. Cibc World Market Inc. now owns 1,759,546 shares of the company's stock worth $123,010,000 after purchasing an additional 79,946 shares during the period. Moore Capital Management LP bought a new position in shares of CocaCola during the second quarter valued at approximately $12,905,000. Finally, DB&C Advisors LLC bought a new position in shares of CocaCola during the fourth quarter valued at approximately $878,000. Institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

KO has been the subject of a number of analyst reports. Weiss Ratings upgraded CocaCola from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, September 3rd. Truist Financial set a $88.00 price target on CocaCola in a research report on Friday, June 26th. TD Cowen upped their price objective on CocaCola from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Citigroup raised their price objective on CocaCola from $97.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on CocaCola from $92.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $96.18.

Insider Buying and Selling

In other CocaCola news, insider Sanket Ray sold 9,958 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the sale, the insider owned 62,105 shares of the company's stock, valued at approximately $5,372,082.50. This trade represents a 13.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 50,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president owned 223,330 shares in the company, valued at $20,186,798.70. The trade was a 18.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 926,620 shares of company stock valued at $83,075,714 in the last 90 days. 0.90% of the stock is owned by insiders.

CocaCola Stock Down 0.6%

NYSE KO traded down $0.51 on Friday, hitting $85.59. The stock had a trading volume of 19,454,304 shares, compared to its average volume of 16,932,295. The business's fifty day moving average price is $88.01 and its 200 day moving average price is $82.38. The stock has a market cap of $368.24 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 3.35 and a beta of 0.32. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. CocaCola Company has a 52-week low of $65.84 and a 52-week high of $92.49.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. The firm had revenue of $13.37 billion during the quarter, compared to analyst estimates of $13.17 billion. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Equities research analysts anticipate that CocaCola Company will post 3.29 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a $0.53 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.5%. CocaCola's dividend payout ratio (DPR) is 63.66%.

CocaCola Profile

The Coca-Cola Company NYSE: KO is a global beverage company headquartered in Atlanta, Georgia. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and other ready-to-drink products. The company's best-known brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, Powerade, Minute Maid, fairlife, and Georgia Coffee.

Founded in 1886, the company develops, owns, licenses, markets, and distributes beverage brands through a network of bottling partners, distributors, retailers, and food-service operators.

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