NS Partners Ltd Sells 9,580 Shares of CocaCola Company (The) $KO

NS Partners Ltd reduced its holdings in CocaCola Company (The) (NYSE:KO) by 2.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 427,415 shares of the company’s stock after selling 9,580 shares during the quarter. CocaCola accounts for about 1.5% of NS Partners Ltd’s investment portfolio, making the stock its 21st largest holding. NS Partners Ltd’s holdings in CocaCola were worth $34,736,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Covington Investment Advisors Inc. raised its holdings in shares of CocaCola by 0.7% during the second quarter. Covington Investment Advisors Inc. now owns 72,087 shares of the company’s stock valued at $5,859,000 after acquiring an additional 511 shares in the last quarter. Advocacy Wealth Management LLC increased its position in CocaCola by 0.8% during the 2nd quarter. Advocacy Wealth Management LLC now owns 189,933 shares of the company’s stock valued at $15,436,000 after purchasing an additional 1,594 shares during the period. CTC Alternative Strategies Ltd. purchased a new position in CocaCola during the 2nd quarter valued at $943,000. Rothschild Capital Partners LLC bought a new position in CocaCola in the 2nd quarter worth $707,000. Finally, Moore Capital Management LP purchased a new stake in shares of CocaCola in the 2nd quarter worth about $12,905,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman James Quincey sold 436,296 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $80.13, for a total value of $34,960,398.48. Following the completion of the sale, the chairman directly owned 122,833 shares of the company’s stock, valued at approximately $9,842,608.29. This represents a 78.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 100,000 shares of CocaCola stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $79.46, for a total transaction of $7,946,000.00. Following the transaction, the executive vice president directly owned 181,384 shares in the company, valued at $14,412,772.64. This represents a 35.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,594,900 shares of company stock worth $136,568,617 in the last quarter. Company insiders own 0.90% of the company’s stock.

CocaCola Price Performance

Shares of KO opened at $88.84 on Tuesday. The firm has a fifty day simple moving average of $85.51 and a two-hundred day simple moving average of $80.93. The firm has a market cap of $382.24 billion, a PE ratio of 26.68, a P/E/G ratio of 3.13 and a beta of 0.33. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $92.49.

CocaCola (NYSE:KO) last announced its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating 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 company had revenue of $13.37 billion during the quarter, compared to analyst estimates of $13.17 billion. During the same period in the previous year, the business posted $0.87 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, equities analysts anticipate that CocaCola Company will post 3.29 EPS for the current year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. CocaCola’s dividend payout ratio is 63.66%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Truist Financial set a $88.00 price target on shares of CocaCola in a research note on Friday, June 26th. Piper Sandler upped their target price on CocaCola from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. TD Cowen raised their target price on CocaCola from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on CocaCola from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Barclays raised their price objective on CocaCola from $91.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, CocaCola presently has an average rating of “Moderate Buy” and a consensus target price of $95.76.

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.