Payden & Rygel Has $7.35 Million Stock Position in CocaCola Company (The) $KO

Key Points

• Payden & Rygel increased its Coca-Cola stake by 361% in the second quarter, bringing its holdings to 90,410 shares valued at approximately $7.35 million. Institutional investors and hedge funds collectively own 70.26% of the company.
• Coca-Cola reported quarterly EPS of $0.97 and revenue of $13.37 billion, exceeding analyst estimates, while revenue grew 6.2% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $95.76.
• The company declared a quarterly dividend of $0.53 per share, equivalent to a 2.3% annualized yield. Shares opened at $90.91, near the company’s 12-month high, while insiders have sold shares largely to cover tax obligations on vested equity awards.

Payden & Rygel boosted its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 361.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,410 shares of the company's stock after purchasing an additional 70,800 shares during the period. Payden & Rygel's holdings in CocaCola were worth $7,348,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Convergence Investment Partners LLC increased its stake in shares of CocaCola by 342.3% in the 2nd quarter. Convergence Investment Partners LLC now owns 20,092 shares of the company's stock valued at $1,633,000 after purchasing an additional 15,549 shares during the last quarter. Diversified Enterprises LLC lifted its position in shares of CocaCola by 1.4% during the 2nd quarter. Diversified Enterprises LLC now owns 18,821 shares of the company's stock worth $1,530,000 after buying an additional 256 shares during the last quarter. Jacobi Capital Management LLC lifted its position in shares of CocaCola by 0.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 73,177 shares of the company's stock worth $5,947,000 after buying an additional 560 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new stake in CocaCola in the second quarter valued at about $219,000. Finally, Rossmore Private Capital grew its position in CocaCola by 0.4% in the second quarter. Rossmore Private Capital now owns 75,502 shares of the company's stock valued at $6,176,000 after acquiring an additional 317 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on KO. HSBC downgraded CocaCola from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Citigroup upped their price objective on shares of CocaCola from $97.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. The Goldman Sachs Group reissued a "neutral" rating and issued a $86.00 price objective (up from $82.00) on shares of CocaCola in a research note on Tuesday, July 28th. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $90.00 to $96.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, Seaport Research Partners set a $95.00 target price on shares of CocaCola in a research note on Friday, August 14th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $95.76.

CocaCola Stock Performance

Shares of KO stock opened at $90.91 on Monday. The firm has a market capitalization of $391.14 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 3.18 and a beta of 0.33. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The business's 50-day moving average price is $84.27 and its 200-day moving average price is $80.41. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $91.86.

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

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.3%. CocaCola's dividend payout ratio (DPR) is presently 63.66%.

Insiders Place Their Bets

In related news, EVP Nancy Quan sold 50,000 shares of CocaCola stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 145,947 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $90.09, for a total transaction of $13,148,365.23. Following the sale, the chairman directly owned 122,833 shares of the company's stock, valued at $11,066,024.97. This represents a 54.30% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 1,483,535 shares of company stock valued at $126,442,198 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analyst coverage remains generally supportive, with brokers highlighting Coca-Cola as an investment candidate. Recent quarterly results also exceeded expectations, with earnings and revenue above consensus and revenue growth of 6.2% year over year. Brokers Suggest Investing in Coca-Cola
• Positive Sentiment: Investors have been seeking established, lower-volatility companies, helping Coca-Cola reach an all-time high and break above $90 for the first time. Its strong brand portfolio and defensive characteristics may be attractive amid market uncertainty. Coca-Cola Hits All-Time High
• Positive Sentiment: Coca-Cola’s long dividend record continues to support its appeal to income-focused investors. Berkshire Hathaway reportedly receives approximately $848 million annually from its Coca-Cola holdings, underscoring the scale and consistency of the payout. Dividend King Pays Berkshire
• Neutral Sentiment: Coverage is also examining Coca-Cola’s cash flow and dividend sustainability as interest rates and bond yields rise. Higher yields could increase the relative appeal of fixed-income investments, although Coca-Cola’s recurring cash generation remains central to its income-investor case. Coca-Cola Cash Flow as Yields Rise
• Negative Sentiment: Executive Vice President Nancy Quan sold 50,000 shares worth about $4.5 million. The filing states the sale covered tax withholding tied to vested equity awards, reducing its negative signaling value, though it may create modest near-term selling pressure.

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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