CocaCola Company (The) $KO Shares Sold by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. lessened its holdings in shares of CocaCola Company (The) (NYSE:KO) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,332 shares of the company’s stock after selling 5,582 shares during the period. CocaCola accounts for approximately 1.0% of Nixon Peabody Trust Co.’s investment portfolio, making the stock its 25th biggest position. Nixon Peabody Trust Co.’s holdings in CocaCola were worth $13,924,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Krilogy Financial LLC lifted its stake in CocaCola by 7.2% in the 2nd quarter. Krilogy Financial LLC now owns 15,311 shares of the company’s stock worth $1,244,000 after purchasing an additional 1,030 shares in the last quarter. Pittenger & Anderson Inc. grew its position in shares of CocaCola by 0.7% in the second quarter. Pittenger & Anderson Inc. now owns 65,980 shares of the company’s stock valued at $5,362,000 after purchasing an additional 465 shares in the last quarter. Ascentis Wealth Management LLC grew its position in shares of CocaCola by 8,603.4% in the second quarter. Ascentis Wealth Management LLC now owns 858,071 shares of the company’s stock valued at $69,735,000 after purchasing an additional 848,212 shares in the last quarter. Cedar Point Capital Partners LLC increased its holdings in shares of CocaCola by 13.0% in the second quarter. Cedar Point Capital Partners LLC now owns 5,036 shares of the company’s stock valued at $409,000 after purchasing an additional 581 shares during the last quarter. Finally, Bernardo Wealth Planning LLC increased its holdings in shares of CocaCola by 8.5% in the second quarter. Bernardo Wealth Planning LLC now owns 2,954 shares of the company’s stock valued at $240,000 after purchasing an additional 232 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other CocaCola news, insider Sanket Ray sold 9,958 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $86.50, for a total transaction of $861,367.00. Following the transaction, the insider directly owned 62,105 shares in the company, valued at $5,372,082.50. This represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer K. Mann sold 23,984 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $83.41, for a total value of $2,000,505.44. Following the transaction, the executive vice president owned 157,400 shares of the company’s stock, valued at approximately $13,128,734. This represents a 13.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,433,535 shares of company stock worth $121,922,698 in the last three months. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on CocaCola from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Barclays raised their target price on CocaCola from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Piper Sandler lifted their price target on CocaCola from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. TD Cowen boosted their price target on shares of CocaCola from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Evercore reissued an “outperform” rating and issued a $100.00 price objective on shares of CocaCola in a report on Tuesday, July 28th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.76.

CocaCola Trading Up 1.8%

NYSE KO opened at $90.38 on Thursday. The firm’s 50-day moving average is $83.95 and its two-hundred day moving average is $80.19. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $90.92. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. The stock has a market capitalization of $388.88 billion, a P/E ratio of 27.14, a PEG ratio of 3.10 and a beta of 0.33.

CocaCola (NYSE:KO) last announced its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.04. The company had revenue of $13.37 billion during the quarter, compared to analyst estimates of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. CocaCola’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, sell-side analysts anticipate that CocaCola Company will post 3.29 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.3%. CocaCola’s dividend payout ratio (DPR) is presently 63.66%.

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.