CocaCola Company (The) $KO Stock Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in shares of CocaCola Company (The) (NYSE:KO) by 73.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 696,955 shares of the company’s stock after buying an additional 295,760 shares during the period. TD Waterhouse Canada Inc.’s holdings in CocaCola were worth $60,063,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Banco Santander S.A. grew its position in CocaCola by 3.1% during the 2nd quarter. Banco Santander S.A. now owns 1,090,758 shares of the company’s stock valued at $88,646,000 after purchasing an additional 32,723 shares during the last quarter. Daymark Wealth Partners LLC lifted its stake in shares of CocaCola by 68.5% in the second quarter. Daymark Wealth Partners LLC now owns 218,199 shares of the company’s stock worth $17,733,000 after buying an additional 88,690 shares in the last quarter. CX Institutional increased its position in shares of CocaCola by 402.3% during the third quarter. CX Institutional now owns 163,248 shares of the company’s stock valued at $14,052,000 after acquiring an additional 130,746 shares in the last quarter. Moore Capital Management LP bought a new stake in shares of CocaCola during the second quarter valued at approximately $12,905,000. Finally, Cidel Asset Management Inc. raised its holdings in CocaCola by 2,091.3% in the 2nd quarter. Cidel Asset Management Inc. now owns 361,934 shares of the company’s stock worth $29,414,000 after acquiring an additional 345,417 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KO shares. Weiss Ratings raised CocaCola from a “buy (a-)” rating to a “buy (a+)” rating in a research report on Thursday, October 8th. Wells Fargo & Company cut their target price on CocaCola from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Royal Bank Of Canada lifted their target price on CocaCola from $87.00 to $96.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Truist Financial set a $88.00 price target on CocaCola in a research note on Friday, June 26th. Finally, Argus upped their price target on CocaCola from $91.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.27.

CocaCola Stock Performance

Shares of KO stock traded up $1.72 during trading hours on Friday, reaching $93.72. The company had a trading volume of 23,066,385 shares, compared to its average volume of 16,267,122. The business has a fifty day moving average price of $88.47 and a 200-day moving average price of $83.34. CocaCola Company has a one year low of $67.27 and a one year high of $94.10. The firm has a market cap of $403.23 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 3.58 and a beta of 0.32. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.30.

CocaCola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.04. The firm had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Sell-side analysts predict that CocaCola Company will post 3.30 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, December 1st. CocaCola’s payout ratio is 63.66%.

Key CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: KFC switches from Pepsi to Coca-Cola: KFC will replace PepsiCo beverages with Coca-Cola products at its U.S. restaurants next year, ending a relationship that began in 1986. The high-profile contract should provide incremental fountain volume, strengthen Coca-Cola’s North American position and pressure PepsiCo. KFC to switch to Coca-Cola beverages in U.S. restaurants
• Positive Sentiment: Analyst support: UBS reaffirmed its Buy rating, while Jefferies maintained a Buy rating and Barclays reportedly raised its price target. Analysts view the KFC win as evidence of improving competitive momentum in North America. Jefferies maintains Coca-Cola Buy rating
• Positive Sentiment: Rotation into defensive stocks: Coca-Cola, Visa and Mastercard reached records as investors rotated away from chip and artificial-intelligence stocks. KO’s low-beta profile and dependable cash flows make it a potential beneficiary if technology-market volatility increases. Coca-Cola, Visa and Mastercard hit records
• Positive Sentiment: Strong brand and product execution: Coca-Cola Zero Sugar volume grew 16% in the second quarter, outpacing 5% growth for the broader Coca-Cola trademark. Localized pricing, marketing and product strategies are also supporting global consumer engagement. How Coca-Cola is using local execution to fuel global growth
• Neutral Sentiment: Dividend remains a support: Coca-Cola declared a quarterly dividend of $0.53 per share, or $2.12 annualized, representing an indicated yield of about 2.3%. The payout reinforces KO’s income appeal, although the stock’s elevated valuation limits the margin of safety.
• Negative Sentiment: Valuation and growth questions: At roughly 28 times earnings, investors are paying a premium for a mature company. The Zero Sugar gains may partly reflect consumers switching among Coca-Cola products rather than creating entirely new demand, which could limit the long-term earnings benefit. Is Zero Sugar creating new demand or shifting existing sales?

Insiders Place Their Bets

In other CocaCola news, Chairman James Quincey sold 145,947 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $90.09, for a total transaction of $13,148,365.23. Following the completion of the sale, the chairman directly owned 122,833 shares in the company, valued at approximately $11,066,024.97. The trade was a 54.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Also, CFO John Murphy sold 152,483 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $87.31, for a total value of $13,313,290.73. Following the transaction, the chief financial officer directly owned 279,917 shares in the company, valued at $24,439,553.27. The trade was a 35.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 926,620 shares of company stock worth $83,075,714 in the last 90 days. Insiders own 0.90% of the company’s stock.

CocaCola Company Profile

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and other ready-to-drink products. The company’s best-known brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, Powerade, Minute Maid, fairlife, and Georgia Coffee.

Founded in 1886, the company develops, owns, licenses, markets, and distributes beverage brands through a network of bottling partners, distributors, retailers, and food-service operators.