Wellington Management Group LLP Sells 10,112,150 Shares of CocaCola Company (The) $KO

Wellington Management Group LLP lessened its position in CocaCola Company (The) (NYSE:KO) by 22.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,389,406 shares of the company’s stock after selling 10,112,150 shares during the period. Wellington Management Group LLP owned approximately 0.82% of CocaCola worth $2,347,025,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC raised its position in shares of CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after purchasing an additional 293 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of CocaCola during the 1st quarter valued at about $210,000. United Bank lifted its holdings in shares of CocaCola by 9.5% during the 2nd quarter. United Bank now owns 91,201 shares of the company’s stock valued at $6,452,000 after purchasing an additional 7,903 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of CocaCola in the 2nd quarter valued at approximately $214,000. 70.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO James Quincey sold 337,824 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $77.10, for a total transaction of $26,046,230.40. Following the completion of the transaction, the chief executive officer directly owned 342,546 shares in the company, valued at $26,410,296.60. This represents a 49.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Nancy Quan sold 23,556 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.50, for a total value of $1,872,702.00. Following the completion of the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at $17,754,735. The trade was a 9.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 892,925 shares of company stock valued at $70,254,796 in the last quarter. Company insiders own 0.97% of the company’s stock.

CocaCola Stock Down 0.4%

Shares of CocaCola stock opened at $77.34 on Friday. The firm has a market cap of $332.60 billion, a PE ratio of 25.44, a P/E/G ratio of 3.25 and a beta of 0.35. The business’s 50 day simple moving average is $75.64 and its 200 day simple moving average is $71.37. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.46. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $82.00.

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

CocaCola Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KO shares. TD Cowen reissued a “buy” rating on shares of CocaCola in a research note on Wednesday, February 11th. Citigroup lifted their price target on shares of CocaCola from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $83.00 price objective on shares of CocaCola in a research report on Thursday, January 29th. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Thursday, January 22nd. Finally, Evercore reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of CocaCola in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $84.40.

About CocaCola

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.