Renaissance Technologies LLC Has $375,000 Stock Position in CocaCola Company (The) $KO

Key Points

• Renaissance Technologies cut its Coca-Cola position by 99.8% in the first quarter, selling 3,009,444 shares and retaining 4,948 shares valued at approximately $375,000.
• Coca-Cola reported quarterly EPS of $0.97 and revenue of $13.37 billion, exceeding analyst expectations, while revenue increased 6.2% year over year. The company reaffirmed fiscal 2026 EPS guidance of $3.27–$3.30.
• The company declared a quarterly dividend of $0.53 per share, representing an annualized payout of $2.12 and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $95.76.

Renaissance Technologies LLC lowered its position in CocaCola Company (The) (NYSE:KO - Free Report) by 99.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,948 shares of the company's stock after selling 3,009,444 shares during the period. Renaissance Technologies LLC's holdings in CocaCola were worth $375,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Anfield Capital Management LLC raised its position in shares of CocaCola by 438.8% during the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company's stock worth $25,000 after purchasing an additional 294 shares during the period. Louisbourg Investments Inc. acquired a new position in shares of CocaCola in the 1st quarter valued at approximately $25,000. Headlands Technologies LLC bought a new stake in CocaCola during the 2nd quarter worth approximately $26,000. Evolution Wealth Management Inc. increased its stake in CocaCola by 1,081.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company's stock worth $27,000 after purchasing an additional 357 shares in the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in CocaCola during the 4th quarter worth approximately $30,000. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Up 2.1%

Shares of KO stock opened at $88.81 on Wednesday. The firm's fifty day moving average price is $83.81 and its two-hundred day moving average price is $80.07. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $90.92. The firm has a market capitalization of $382.13 billion, a P/E ratio of 26.67, a PEG ratio of 3.06 and a beta of 0.33.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 28.56% and a return on equity of 39.38%. The company's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, equities analysts predict that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given 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 yield of 2.4%. CocaCola's dividend payout ratio is 63.66%.

Insider Transactions at CocaCola

In other news, EVP Jennifer K. Mann sold 100,000 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $79.46, for a total value of $7,946,000.00. Following the completion of the sale, the executive vice president owned 181,384 shares of the company's stock, valued at approximately $14,412,772.64. This represents a 35.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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. Also, CFO John Murphy sold 152,483 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $87.31, for a total value of $13,313,290.73. Following the completion of the sale, the chief financial officer directly owned 279,917 shares of the company's stock, valued at approximately $24,439,553.27. The trade was a 35.26% 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. Over the last 90 days, insiders sold 1,433,535 shares of company stock valued at $121,922,698. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of CocaCola from $88.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Argus raised their price objective on shares of CocaCola from $91.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Citigroup boosted their price objective on shares of CocaCola from $97.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Seaport Research Partners set a $95.00 target price on CocaCola in a report on Friday. Finally, TD Cowen lifted their price target on CocaCola from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, CocaCola presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.76.

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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