CocaCola Company (The) $KO Shares Sold by Chevy Chase Trust Holdings LLC

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

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Summitry LLC boosted its stake in CocaCola by 1.9% during the second quarter. Summitry LLC now owns 7,865 shares of the company’s stock valued at $556,000 after buying an additional 149 shares in the last quarter. Ashton Thomas Securities LLC grew its holdings in CocaCola by 1.2% during the third quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock worth $835,000 after acquiring an additional 149 shares during the period. Diversified Enterprises LLC raised its position in CocaCola by 1.0% in the third quarter. Diversified Enterprises LLC now owns 14,656 shares of the company’s stock worth $972,000 after acquiring an additional 150 shares in the last quarter. Capital Management Associates Inc raised its position in CocaCola by 4.0% in the third quarter. Capital Management Associates Inc now owns 3,915 shares of the company’s stock worth $260,000 after acquiring an additional 150 shares in the last quarter. Finally, Parsons Capital Management Inc. RI lifted its holdings in CocaCola by 0.6% in the 3rd quarter. Parsons Capital Management Inc. RI now owns 23,992 shares of the company’s stock valued at $1,591,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at CocaCola

In other CocaCola news, insider Bruno Pietracci sold 28,765 shares of CocaCola stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total transaction of $2,284,228.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Monica Howard Douglas sold 23,880 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $77.37, for a total transaction of $1,847,595.60. Following the sale, the executive vice president directly owned 17,725 shares in the company, valued at approximately $1,371,383.25. This trade represents a 57.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 892,925 shares of company stock valued at $70,254,796 over the last three months. 0.97% of the stock is owned by insiders.

CocaCola Trading Down 0.4%

NYSE:KO opened at $77.34 on Friday. The stock has a fifty day simple moving average of $75.64 and a 200 day simple moving average of $71.39. The firm has a market capitalization of $332.60 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth 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 quick ratio of 1.25, a current ratio of 1.46 and a debt-to-equity ratio of 1.23.

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

CocaCola Increases Dividend

The company also recently declared 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. This is an increase from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, March 13th. CocaCola’s dividend payout ratio (DPR) is presently 67.11%.

Wall Street Analyst Weigh In

KO has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of CocaCola from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. TD Cowen reiterated a “buy” rating on shares of CocaCola in a report on Wednesday, February 11th. UBS Group increased their target price on shares of CocaCola from $82.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Citigroup raised their target price on shares of CocaCola from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $84.40.

CocaCola 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.