M&T Bank Corp Sells 91,551 Shares of CocaCola Company (The) $KO

M&T Bank Corp trimmed its holdings in CocaCola Company (The) (NYSE:KO) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,227,126 shares of the company’s stock after selling 91,551 shares during the quarter. M&T Bank Corp’s holdings in CocaCola were worth $81,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in KO. Norges Bank bought a new stake in CocaCola in the second quarter worth approximately $3,846,270,000. Vanguard Group Inc. boosted its holdings in shares of CocaCola by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after buying an additional 6,241,163 shares in the last quarter. Laurel Wealth Advisors LLC grew its position in shares of CocaCola by 7,239.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 6,149,632 shares of the company’s stock worth $435,086,000 after buying an additional 6,065,840 shares during the period. Franklin Resources Inc. grew its position in shares of CocaCola by 15.1% during the 3rd quarter. Franklin Resources Inc. now owns 39,094,276 shares of the company’s stock worth $2,592,732,000 after buying an additional 5,135,198 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of CocaCola by 343.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,486,096 shares of the company’s stock valued at $297,518,000 after acquiring an additional 3,474,015 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other news, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $77.37, for a total value of $1,847,595.60. Following the completion of the sale, the executive vice president directly owned 17,725 shares of the company’s stock, valued at $1,371,383.25. This represents a 57.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nancy Quan sold 23,556 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $17,754,735. This represents a 9.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 892,925 shares of company stock worth $70,254,796 over the last ninety days. Insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

KO has been the topic of a number of research reports. TD Cowen reiterated a “buy” rating on shares of CocaCola in a research report on Wednesday, February 11th. Jefferies Financial Group decreased their price target on shares of CocaCola from $88.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. JPMorgan Chase & Co. upped their price objective on shares of CocaCola from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. UBS Group increased their price objective on shares of CocaCola from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada set a $87.00 target price on CocaCola in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $84.40.

CocaCola Price Performance

Shares of KO opened at $77.34 on Friday. The business’s fifty day moving average is $75.64 and its 200 day moving average is $71.37. CocaCola Company has a 12-month low of $65.35 and a 12-month 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. The stock has a market cap of $332.60 billion, a P/E ratio of 25.44, a P/E/G ratio of 3.25 and a beta of 0.35.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. The business had revenue of $11.82 billion during the quarter, compared to analyst estimates of $12.04 billion. During the same quarter in the previous year, the business posted $0.55 EPS. CocaCola’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 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 $0.53 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from CocaCola’s previous quarterly dividend of $0.51. CocaCola’s dividend payout ratio (DPR) is currently 67.11%.

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.