SageGuard Financial Group LLC Sells 18,533 Shares of CocaCola Company (The) $KO

SageGuard Financial Group LLC lessened its position in CocaCola Company (The) (NYSE:KO) by 8.8% during the 2nd quarter, Holdings Channel reports. The firm owned 192,968 shares of the company’s stock after selling 18,533 shares during the quarter. CocaCola makes up about 2.2% of SageGuard Financial Group LLC’s investment portfolio, making the stock its 16th biggest position. SageGuard Financial Group LLC’s holdings in CocaCola were worth $15,683,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new position in CocaCola during the 4th quarter valued at about $3,865,807,000. Cardano Risk Management B.V. grew its stake in CocaCola by 867.2% during the fourth quarter. Cardano Risk Management B.V. now owns 14,432,190 shares of the company’s stock worth $1,008,954,000 after buying an additional 12,939,959 shares during the last quarter. Marshall Wace LLP grew its stake in CocaCola by 1,206.9% during the fourth quarter. Marshall Wace LLP now owns 10,641,007 shares of the company’s stock worth $743,913,000 after buying an additional 9,826,768 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of CocaCola by 29.2% during the fourth quarter. Bank of America Corp DE now owns 40,182,323 shares of the company’s stock worth $2,809,146,000 after buying an additional 9,078,447 shares in the last quarter. Finally, Capital World Investors increased its holdings in shares of CocaCola by 98.7% during the fourth quarter. Capital World Investors now owns 12,573,527 shares of the company’s stock worth $879,015,000 after buying an additional 6,246,627 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Activity at CocaCola

In other news, EVP Jennifer K. Mann sold 23,984 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $83.41, for a total value of $2,000,505.44. Following the transaction, the executive vice president owned 157,400 shares of the company’s stock, valued at $13,128,734. This represents a 13.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman James Quincey sold 145,947 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $90.09, for a total value of $13,148,365.23. Following the completion of the transaction, the chairman owned 122,833 shares in the company, valued at $11,066,024.97. This represents a 54.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 1,433,535 shares of company stock worth $121,922,698. 0.90% of the stock is owned by company insiders.

CocaCola Stock Up 2.1%

Shares of NYSE KO opened at $88.81 on Wednesday. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $90.92. The firm’s 50-day moving average is $83.81 and its 200-day moving average is $80.07. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $382.13 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 3.06 and a beta of 0.33.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $13.17 billion. During the same period in the previous year, the firm posted $0.87 earnings per share. CocaCola’s revenue for the quarter was up 6.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Equities analysts expect that CocaCola Company will post 3.29 EPS for the current year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola’s payout ratio is currently 63.66%.

Analyst Ratings Changes

A number of research firms have recently issued reports on KO. Bank of America lifted their target price on shares of CocaCola from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Evercore reaffirmed an “outperform” rating and set a $100.00 price target on shares of CocaCola in a report on Tuesday, July 28th. Jefferies Financial Group lifted their price objective on CocaCola from $95.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group restated a “neutral” rating and set a $86.00 target price (up from $82.00) on shares of CocaCola in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. raised their target price on CocaCola from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.76.

CocaCola 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.