BNP Paribas Increases Stock Holdings in CocaCola Company (The) $KO

BNP Paribas grew its stake in shares of CocaCola Company (The) (NYSE:KO) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 650,761 shares of the company’s stock after purchasing an additional 12,529 shares during the quarter. CocaCola makes up about 1.3% of BNP Paribas’ holdings, making the stock its 17th biggest position. BNP Paribas’ holdings in CocaCola were worth $43,244,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Boothbay Fund Management LLC raised its stake in CocaCola by 114.2% during the 3rd quarter. Boothbay Fund Management LLC now owns 8,882 shares of the company’s stock worth $589,000 after acquiring an additional 4,736 shares in the last quarter. Argyle Capital Partners LLC boosted its stake in CocaCola by 2.7% in the third quarter. Argyle Capital Partners LLC now owns 5,645 shares of the company’s stock valued at $374,000 after acquiring an additional 150 shares in the last quarter. Arkos Global Advisors boosted its stake in CocaCola by 7.2% in the third quarter. Arkos Global Advisors now owns 6,558 shares of the company’s stock valued at $435,000 after acquiring an additional 441 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of CocaCola by 9.9% during the third quarter. Ameriprise Financial Inc. now owns 18,902,256 shares of the company’s stock worth $1,253,992,000 after purchasing an additional 1,709,860 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its holdings in shares of CocaCola by 345.0% during the third quarter. Schonfeld Strategic Advisors LLC now owns 106,429 shares of the company’s stock worth $7,058,000 after purchasing an additional 82,514 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Thursday, January 22nd. Evercore restated an “outperform” rating and set a $85.00 price target on shares of CocaCola in a research note on Wednesday, February 11th. Citigroup lifted their price target on CocaCola from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Jefferies Financial Group decreased their price objective on CocaCola from $88.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Finally, Truist Financial set a $85.00 target price on shares of CocaCola in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to data from MarketBeat, CocaCola currently has an average rating of “Buy” and an average price target of $84.40.

Insider Transactions at CocaCola

In other CocaCola news, insider Bruno Pietracci sold 28,765 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total value of $2,284,228.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James Quincey sold 337,824 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $77.10, for a total transaction of $26,046,230.40. Following the transaction, the chief executive officer directly owned 342,546 shares of the company’s stock, valued at $26,410,296.60. This represents a 49.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 892,925 shares of company stock worth $70,254,796 over the last quarter. 0.97% of the stock is currently owned by corporate insiders.

CocaCola Stock Performance

NYSE KO opened at $77.34 on Friday. The firm has a market cap of $332.60 billion, a P/E ratio of 25.44, a P/E/G ratio of 3.24 and a beta of 0.35. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $82.00. The business’s 50-day moving average price is $75.64 and its 200 day moving average price is $71.39. 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 for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The company had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $12.04 billion. During the same period last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Increases Dividend

The business also recently declared 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. This is a boost from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, March 13th. CocaCola’s dividend payout ratio is 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.