CocaCola Company (The) $KO Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lowered its stake in CocaCola Company (The) (NYSE:KO) by 1.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 585,636 shares of the company’s stock after selling 7,497 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in CocaCola were worth $50,412,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Garrett Wealth Advisory Group LLC grew its holdings in shares of CocaCola by 1.7% in the third quarter. Garrett Wealth Advisory Group LLC now owns 6,274 shares of the company’s stock worth $540,000 after purchasing an additional 107 shares during the last quarter. Lantern Wealth Advisors LLC increased its stake in shares of CocaCola by 3.6% in the second quarter. Lantern Wealth Advisors LLC now owns 3,316 shares of the company’s stock worth $270,000 after buying an additional 115 shares during the period. New Wave Wealth Advisors LLC raised its holdings in CocaCola by 4.4% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 2,747 shares of the company’s stock valued at $248,000 after buying an additional 116 shares during the last quarter. Gill Capital Partners LLC raised its holdings in CocaCola by 4.1% during the 2nd quarter. Gill Capital Partners LLC now owns 2,992 shares of the company’s stock valued at $243,000 after buying an additional 117 shares during the last quarter. Finally, Atomic Invest LLC raised its holdings in CocaCola by 38.7% during the 2nd quarter. Atomic Invest LLC now owns 437 shares of the company’s stock valued at $36,000 after buying an additional 122 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In related news, EVP Nancy Quan sold 50,000 shares of the company’s 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 sale, the executive vice president owned 223,330 shares in the company, valued at $20,186,798.70. This represents a 18.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanket Ray sold 9,958 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $86.50, for a total value of $861,367.00. Following the transaction, the insider directly 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 position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 469,753 shares of company stock worth $41,968,942. Company insiders own 0.90% of the company’s stock.

CocaCola Price Performance

Shares of KO stock opened at $92.67 on Tuesday. The business’s fifty day moving average is $89.11 and its 200 day moving average is $81.49. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The stock has a market cap of $398.72 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 3.61 and a beta of 0.32. CocaCola Company has a twelve month low of $67.27 and a twelve month high of $95.37.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business had revenue of $13.37 billion for the quarter, compared to analyst estimates of $13.17 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. CocaCola’s quarterly revenue was up 6.2% on a year-over-year basis. Research analysts expect that CocaCola Company will post 3.30 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, December 1st. CocaCola’s payout ratio is currently 63.66%.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analysts expect Coca-Cola to demonstrate continued growth when it reports third-quarter results. The company previously exceeded estimates with quarterly revenue growth and raised its full-year outlook, while its performance has compared favorably with rival PepsiCo’s reduced guidance. Coca-Cola Q3 earnings on deck: What to expect
• Positive Sentiment: Coca-Cola’s sports beverage strategy could support future growth. Powerade is gaining momentum, with FIFA World Cup marketing and rising demand for fitness-focused drinks providing potential benefits in an expanding category. Coca-Cola’s Sports Beverage Portfolio: Can it Capture Fitness Demand?
• Positive Sentiment: The broader consumer-staples rebound has lifted beverage stocks, and Coca-Cola remains viewed as a defensive, cash-generating company with an established dividend. Its current full-year EPS guidance is approximately $3.27 to $3.30. Consumer Staples Are Up 12% This Year—These 3 Beverage Stocks Are Leading the Way
• Neutral Sentiment: Investors are particularly focused on international performance, including India, along with pricing, volume trends, currency effects and management’s updated outlook. These factors may determine whether Coca-Cola can sustain its recent momentum. Coca-Cola Stock Fell a Day After a 52-Week High: Here’s Why India Matters
• Negative Sentiment: After an approximately 35% advance, KO’s valuation has become more demanding and its dividend yield less attractive relative to PepsiCo. Any earnings miss, cautious guidance or evidence that growth is slowing could trigger a pullback. Coca-Cola Earnings Are Coming. Its Stock Rally Raises the Stakes.

Wall Street Analyst Weigh In

KO has been the subject of several analyst reports. Argus increased their price target on shares of CocaCola from $91.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Piper Sandler boosted their price objective on shares of CocaCola from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Monday. Seaport Research Partners set a $95.00 price objective on shares of CocaCola in a research report on Friday, August 14th. Jefferies Financial Group upped their price objective on shares of CocaCola from $95.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of CocaCola from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.59.

About CocaCola

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world’s most recognized soft drink brands.

The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.

The Coca-Cola Company serves consumers in more than 200 countries and territories through a system that includes company-operated operations, independent bottling partners, distributors, retailers, and food-service providers.