CocaCola Company (The) $KO Stock Holdings Lessened by California Public Employees Retirement System

California Public Employees Retirement System cut its holdings in CocaCola Company (The) (NYSE:KO) by 8.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,145,152 shares of the company’s stock after selling 952,164 shares during the period. California Public Employees Retirement System owned about 0.24% of CocaCola worth $672,826,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Chilton Investment Co. Inc. lifted its holdings in CocaCola by 352.2% in the third quarter. Chilton Investment Co. Inc. now owns 40,186 shares of the company’s stock worth $2,665,000 after acquiring an additional 31,300 shares during the last quarter. Beck Mack & Oliver LLC grew its holdings in shares of CocaCola by 4.1% during the third quarter. Beck Mack & Oliver LLC now owns 18,136 shares of the company’s stock valued at $1,203,000 after purchasing an additional 715 shares during the last quarter. Biglari Sardar raised its position in shares of CocaCola by 3.4% during the 3rd quarter. Biglari Sardar now owns 105,994 shares of the company’s stock worth $7,030,000 after purchasing an additional 3,530 shares during the period. BNP Paribas raised its position in shares of CocaCola by 2.0% during the 3rd quarter. BNP Paribas now owns 650,761 shares of the company’s stock worth $43,244,000 after purchasing an additional 12,529 shares during the period. Finally, Boothbay Fund Management LLC lifted its holdings in shares of CocaCola by 114.2% in the 3rd quarter. Boothbay Fund Management LLC now owns 8,882 shares of the company’s stock worth $589,000 after purchasing an additional 4,736 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on KO. JPMorgan Chase & Co. boosted their price objective on CocaCola from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Truist Financial set a $85.00 target price on CocaCola in a research report on Wednesday, February 11th. Evercore reissued an “outperform” rating and set a $85.00 price target on shares of CocaCola in a report on Wednesday, February 11th. Barclays upped their price target on shares of CocaCola from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Morgan Stanley set a $88.00 price objective on shares of CocaCola in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat, CocaCola has an average rating of “Buy” and an average price target of $84.40.

CocaCola Stock Down 0.4%

KO opened at $77.34 on Friday. The stock’s 50 day moving average price is $75.64 and its 200 day moving average price is $71.39. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.25. The stock 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 12 month low of $65.35 and a 12 month high of $82.00.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) 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 analyst estimates of $12.04 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm’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. As a group, research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Increases Dividend

The business also recently disclosed 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 of this dividend is Friday, March 13th. This is an increase from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 2.7%. CocaCola’s dividend payout ratio is currently 67.11%.

Insider Transactions at CocaCola

In other news, CFO John Murphy sold 99,437 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $80.42, for a total value of $7,996,723.54. Following the completion of the sale, the chief financial officer directly owned 410,550 shares of the company’s stock, valued at approximately $33,016,431. This represents a 19.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruno Pietracci sold 28,765 shares of the 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 disclosure for this sale is available in the SEC filing. 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.

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.