Fayez Sarofim & Co Sells 298,932 Shares of CocaCola Company (The) $KO

Fayez Sarofim & Co lessened its stake in shares of CocaCola Company (The) (NYSE:KO) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,567,084 shares of the company’s stock after selling 298,932 shares during the quarter. CocaCola accounts for about 2.6% of Fayez Sarofim & Co’s holdings, making the stock its 10th biggest holding. Fayez Sarofim & Co owned approximately 0.39% of CocaCola worth $1,101,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in KO. Vanguard Group Inc. raised 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 valued at $25,996,519,000 after purchasing an additional 6,241,163 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in shares of CocaCola by 82.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 49,700 shares of the company’s stock worth $3,296,000 after buying an additional 22,444 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of CocaCola by 2.9% during the third 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 during the period. Nicola Wealth Management LTD. grew its stake 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 in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of CocaCola by 1.9% in the 3rd 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. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports 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. Wells Fargo & Company lifted their target price on CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Citigroup boosted their price target on shares of CocaCola from $85.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Evercore reissued an “outperform” rating and issued a $85.00 price objective on shares of CocaCola in a research note on Wednesday, February 11th. Finally, TD Cowen restated a “buy” rating on shares of CocaCola in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $84.40.

Insiders Place Their Bets

In other CocaCola news, insider Bruno Pietracci sold 28,765 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Quincey sold 337,824 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $77.10, for a total value of $26,046,230.40. Following the transaction, the chief executive officer directly owned 342,546 shares in the company, valued at approximately $26,410,296.60. The trade was a 49.65% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 892,925 shares of company stock worth $70,254,796. 0.97% of the stock is currently owned by company insiders.

CocaCola Trading Down 0.4%

NYSE:KO opened at $77.34 on Monday. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $82.00. The firm has a market cap of $332.61 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 3.24 and a beta of 0.35. 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 stock has a fifty day moving average price of $75.64 and a 200 day moving average price of $71.41.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $11.82 billion for 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%.CocaCola’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 EPS. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, March 13th. This is a positive change from CocaCola’s previous quarterly dividend of $0.51. CocaCola’s dividend payout ratio (DPR) is currently 69.74%.

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.