Coca-Cola Company (The) $KO Stock: Ritholtz Wealth Management Raises Stake

Ritholtz Wealth Management boosted its stake in Coca-Cola Company (The) (NYSE:KO) by 7.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 126,196 shares of the company’s stock after purchasing an additional 9,147 shares during the period. Ritholtz Wealth Management’s holdings in Coca-Cola were worth $10,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Coca-Cola by 9.5% during the first quarter. Bank of America Corp DE now owns 44,018,963 shares of the company’s stock worth $3,347,642,000 after acquiring an additional 3,836,640 shares during the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of Coca-Cola by 1,763.2% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,383,332 shares of the company’s stock worth $257,302,000 after acquiring an additional 3,201,742 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Coca-Cola in the 3rd quarter valued at about $260,682,000. Wellington Management Group LLP lifted its position in Coca-Cola by 9.2% in the 2nd quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company’s stock valued at $2,361,198,000 after purchasing an additional 2,439,026 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt acquired a new position in Coca-Cola during the 2nd quarter valued at about $197,470,000. 70.26% of the stock is currently owned by institutional investors.

Insider Activity

In other Coca-Cola news, EVP Beatriz R. Perez sold 67,548 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $94.91, for a total value of $6,410,980.68. Following the completion of the sale, the executive vice president directly owned 160,428 shares in the company, valued at $15,226,221.48. This represents a 29.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, EVP Nancy Quan sold 50,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were 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 approximately $20,186,798.70. The trade was a 18.29% decrease in their ownership of the stock. 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. Insiders sold 249,498 shares of company stock worth $23,025,238 over the last three months. Corporate insiders own 0.90% of the company’s stock.

Coca-Cola Stock Performance

KO stock opened at $97.59 on Thursday. The company has a market capitalization of $419.82 billion, a P/E ratio of 28.70, a PEG ratio of 3.78 and a beta of 0.28. The company has a 50-day simple moving average of $90.45 and a 200 day simple moving average of $83.06. Coca-Cola Company has a fifty-two week low of $67.27 and a fifty-two week high of $97.83. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.93.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, October 27th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Coca-Cola had a net margin of 28.65% and a return on equity of 38.79%. Coca-Cola’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. Sell-side analysts predict that Coca-Cola Company will post 3.34 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

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

Latest Coca-Cola News

Investors following KO have been watching these news items:

• Positive Sentiment: Zacks Research raised its earnings estimates for multiple periods, including FY2026 to $3.34 per share from $3.29 and FY2028 to $3.78 from $3.74. The upward revisions reinforce expectations for continued earnings growth. Zacks Research estimate revisions
• Neutral Sentiment: CFO John Murphy is scheduled to present at the Morgan Stanley Global Consumer & Retail Conference on Dec. 2. The announcement provides an opportunity for investor updates but included no new financial guidance. Conference participation announcement
• Negative Sentiment: KO’s roughly 36% one-year rise has reduced its forward dividend yield to about 2.2%, and commentary cautions that the shares are not cheap. This could limit upside if earnings growth does not keep pace with the stock’s advance. Coca-Cola Stock Is Up 36% in a Year

Wall Street Analysts Forecast Growth

Several research firms have commented on KO. Morgan Stanley upped their target price on shares of Coca-Cola from $100.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. CICC Research lifted their price target on Coca-Cola from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Rothschild & Co Redburn boosted their price objective on Coca-Cola from $86.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. TD Cowen increased their price objective on Coca-Cola from $100.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Finally, Freedom Broker raised their target price on Coca-Cola from $85.00 to $89.00 and gave the company a “hold” rating in a research report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and an average target price of $97.26.

Coca-Cola Company 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.