CocaCola Company (The) $KO Stake Cut by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its holdings in shares of CocaCola Company (The) (NYSE:KO) by 3.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,078,771 shares of the company’s stock after selling 79,566 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in CocaCola were worth $137,864,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in CocaCola by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock valued at $25,996,519,000 after buying an additional 6,241,163 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of CocaCola by 82.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 49,700 shares of the company’s stock valued at $3,296,000 after buying an additional 22,444 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CocaCola by 2.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock valued at $136,086,000 after buying an additional 57,407 shares during the period. Nicola Wealth Management LTD. grew its holdings in shares of CocaCola by 42.3% during the 3rd quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock valued at $12,269,000 after acquiring an additional 55,000 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of CocaCola by 1.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock valued at $690,311,000 after acquiring an additional 198,886 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Down 0.4%

KO stock opened at $77.34 on Friday. The firm has a market cap of $332.60 billion, a PE ratio of 25.44, a PEG ratio of 3.24 and a beta of 0.35. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $82.00. The company has a fifty day simple moving average of $75.64 and a 200 day simple moving average of $71.39. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. The firm had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $12.04 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. Sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from CocaCola’s previous quarterly dividend of $0.51. CocaCola’s payout ratio is currently 67.11%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KO. Royal Bank Of Canada set a $87.00 price objective on CocaCola in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $83.00 target price on shares of CocaCola in a research note on Thursday, January 29th. Morgan Stanley set a $88.00 target price on CocaCola in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on CocaCola from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Finally, Evercore reissued an “outperform” rating and issued a $85.00 price target on shares of CocaCola in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $84.40.

Insiders Place Their Bets

In related news, insider Bruno Pietracci sold 28,765 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total value of $2,284,228.65. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO John Murphy sold 99,437 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $80.42, for a total value of $7,996,723.54. Following the completion of the sale, the chief financial officer owned 410,550 shares of the company’s stock, valued at approximately $33,016,431. This trade represents a 19.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 892,925 shares of company stock worth $70,254,796 in the last three months. 0.97% of the stock is owned by insiders.

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.