Synovus Financial Corp Cuts Holdings in CocaCola Company (The) $KO

Synovus Financial Corp reduced its stake in CocaCola Company (The) (NYSE:KO) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,563,920 shares of the company’s stock after selling 76,660 shares during the period. CocaCola accounts for 5.7% of Synovus Financial Corp’s portfolio, making the stock its 4th largest position. Synovus Financial Corp owned approximately 0.18% of CocaCola worth $501,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in CocaCola by 1.7% in the second quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after purchasing an additional 6,241,163 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of CocaCola by 2.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock worth $136,086,000 after buying an additional 57,407 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of CocaCola by 1.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock valued at $690,311,000 after buying an additional 198,886 shares during the period. Nicola Wealth Management LTD. lifted its holdings in shares of CocaCola by 42.3% in the third quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock valued at $12,269,000 after buying an additional 55,000 shares during the period. Finally, Yeomans Consulting Group Inc. lifted its holdings in CocaCola by 88.9% in the 3rd quarter. Yeomans Consulting Group Inc. now owns 69,020 shares of the company’s stock valued at $4,609,000 after acquiring an additional 32,478 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Activity

In related news, CEO James Quincey sold 337,824 shares of CocaCola stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $77.10, for a total value of $26,046,230.40. Following the transaction, the chief executive officer owned 342,546 shares in the company, valued at $26,410,296.60. This trade represents a 49.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on KO. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $83.00 target price on shares of CocaCola in a research note on Thursday, January 29th. TD Cowen reissued a “buy” rating on shares of CocaCola in a research note on Wednesday, February 11th. Jefferies Financial Group cut their target price on CocaCola from $88.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Piper Sandler increased their price target on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Truist Financial set a $85.00 price objective on CocaCola in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, CocaCola has an average rating of “Buy” and a consensus price target of $84.33.

CocaCola Stock Down 0.1%

KO stock opened at $79.50 on Thursday. The firm has a market cap of $341.97 billion, a PE ratio of 26.15, a PEG ratio of 3.34 and a beta of 0.36. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $80.41. The company has a fifty day simple moving average of $72.62 and a 200 day simple moving average of $70.31. 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 announced 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 company had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $12.04 billion. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. 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 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.