Richard Bernstein Advisors LLC Sells 54,106 Shares of CocaCola Company (The) $KO

Richard Bernstein Advisors LLC decreased its holdings in shares of CocaCola Company (The) (NYSE:KO) by 49.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,528 shares of the company’s stock after selling 54,106 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in CocaCola were worth $3,616,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KO. Wesleyan Assurance Society raised its position in CocaCola by 0.4% in the third quarter. Wesleyan Assurance Society now owns 208,500 shares of the company’s stock worth $13,828,000 after acquiring an additional 840 shares in the last quarter. Capital Research Global Investors grew its holdings in CocaCola by 1.4% during the third quarter. Capital Research Global Investors now owns 17,864,662 shares of the company’s stock valued at $1,184,784,000 after purchasing an additional 247,022 shares during the period. Capital International Sarl raised its stake in CocaCola by 7.4% in the third quarter. Capital International Sarl now owns 33,387 shares of the company’s stock worth $2,214,000 after buying an additional 2,295 shares in the last quarter. Capital International Ltd. CA increased its holdings in CocaCola by 0.9% in the 3rd quarter. Capital International Ltd. CA now owns 70,102 shares of the company’s stock valued at $4,649,000 after acquiring an additional 649 shares during the last quarter. Finally, Capital International Inc. CA lifted its holdings in CocaCola by 26.2% during the third quarter. Capital International Inc. CA now owns 373,794 shares of the company’s stock worth $24,790,000 after buying an additional 77,583 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at CocaCola

In related news, EVP Beatriz R. Perez sold 21,326 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $80.75, for a total transaction of $1,722,074.50. Following the sale, the executive vice president directly owned 173,728 shares of the company’s stock, valued at $14,028,536. This trade represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Murphy sold 72,449 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $80.52, for a total transaction of $5,833,593.48. Following the completion of the transaction, the chief financial officer owned 279,917 shares in the company, valued at $22,538,916.84. This represents a 20.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 869,045 shares of company stock worth $68,407,201. 0.90% of the stock is currently owned by insiders.

CocaCola Stock Up 1.0%

CocaCola stock opened at $77.85 on Tuesday. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $82.00. The firm’s fifty day moving average price is $75.01 and its two-hundred day moving average price is $71.17. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $334.80 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 3.23 and a beta of 0.35.

CocaCola (NYSE:KO) last announced its 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. The company had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $12.04 billion. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal 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 paid a dividend of $0.53 per share. This is a boost from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 annualized dividend and a dividend yield of 2.7%. CocaCola’s dividend payout ratio is presently 67.11%.

Analysts Set New Price Targets

KO has been the topic of a number of research reports. Morgan Stanley reiterated an “overweight” rating and set a $87.00 target price on shares of CocaCola in a report on Wednesday, February 11th. TD Cowen reiterated a “buy” rating on shares of CocaCola in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $83.00 target price on shares of CocaCola in a research note on Thursday, January 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Thursday, January 22nd. Finally, Evercore reiterated an “outperform” rating and issued a $85.00 price target on shares of 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 stock. According to data from MarketBeat, CocaCola presently has an average rating of “Buy” and an average price target of $84.33.

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.