5,451 Coca-Cola Company (The) $KO Shares Sold by Balentine LLC

Balentine LLC decreased its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 21.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 20,402 shares of the company’s stock after selling 5,451 shares during the period. Balentine LLC’s holdings in Coca-Cola were worth $1,756,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KO. Banco Santander S.A. raised its position in Coca-Cola by 3.1% in the second 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. CX Institutional lifted its stake in shares of Coca-Cola by 402.3% in the 3rd quarter. CX Institutional now owns 163,248 shares of the company’s stock valued at $14,052,000 after purchasing an additional 130,746 shares during the last quarter. Daymark Wealth Partners LLC grew its holdings in shares of Coca-Cola by 68.5% during 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. Moore Capital Management LP purchased a new position in shares of Coca-Cola during the 2nd quarter worth $12,905,000. Finally, Cidel Asset Management Inc. grew its holdings in shares of Coca-Cola by 2,091.3% during the 2nd quarter. Cidel Asset Management Inc. now owns 361,934 shares of the company’s stock worth $29,414,000 after purchasing an additional 345,417 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Key Stories Impacting Coca-Cola

Here are the key news stories impacting Coca-Cola this week:

• Positive Sentiment: Coca-Cola shares reportedly reached a record high as investors sought defensive stocks amid a market downturn. Its established brands and dividend income may be attracting buyers looking for more resilient businesses. Coca-Cola Stock Hits Record High as Market Crashes
• Positive Sentiment: Recent articles point to Coca-Cola’s shelf presence, distribution reach and consumer habits as sources of a durable competitive advantage. The company’s ability to raise prices while still growing volume supports the long-term investment case. Coca-Cola Stock Is a Buy Thanks to Shelf Space and Habits
• Positive Sentiment: Investors are also focusing on the company’s 64 consecutive years of dividend increases. Its latest quarterly results beat estimates, with revenue up year over year, and coverage says the company raised its outlook and dividend—supporting its earnings and income appeal. Coca-Cola Earnings Beat Lifts Guidance and Dividend
• Positive Sentiment: Margin expansion despite higher marketing spending, supported by productivity gains and disciplined pricing, suggests Coca-Cola is balancing investment with profitability. Can Coca-Cola Keep Expanding Margins While Investing More?
• Neutral Sentiment: Executive Beatriz Perez sold 67,548 shares, but the reported sale was to cover tax withholding on vested equity awards, making it a limited signal about her view of the business. Coca-Cola EVP Share Sale
• Negative Sentiment: After a strong run this year and a move to record levels, valuation may constrain further gains; one dividend-focused article suggests prospective investors consider waiting before buying. Coca-Cola’s Dividend Record and Valuation

Coca-Cola Stock Down 0.0%

Shares of KO opened at $95.69 on Friday. The company’s 50-day simple moving average is $89.96 and its 200-day simple moving average is $82.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.19 and a current ratio of 1.38. Coca-Cola Company has a 1 year low of $67.27 and a 1 year high of $97.39. The stock has a market capitalization of $411.63 billion, a PE ratio of 28.14, a P/E/G ratio of 3.73 and a beta of 0.28.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Coca-Cola had a net margin of 28.65% and a return on equity of 38.79%. The firm had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $12.92 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts forecast that Coca-Cola Company will post 3.34 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, December 1st. Coca-Cola’s dividend payout ratio (DPR) is currently 62.35%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Coca-Cola from $92.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Piper Sandler increased their target price on shares of Coca-Cola from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. CICC Research lifted their price target on shares of Coca-Cola from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. DZ Bank reissued a “buy” rating on shares of Coca-Cola in a research note on Wednesday, July 29th. Finally, Evercore restated an “outperform” rating and set a $100.00 price target (up from $88.00) on shares of Coca-Cola in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $97.26.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Beatriz Perez sold 67,548 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $94.91, for a total value of $6,410,980.68. Following the completion of the transaction, the executive vice president owned 160,428 shares in the company, valued at $15,226,221.48. The trade was a 29.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $86.50, for a total value of $861,367.00. Following the sale, the insider directly owned 62,105 shares in the company, valued at $5,372,082.50. This represents a 13.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 238,871 shares of company stock worth $21,918,267. 0.90% of the stock is currently owned by corporate insiders.

Coca-Cola Profile

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.