Greg Jennings LLC Acquires 10,879 Shares of CocaCola Company (The) $KO

Greg Jennings LLC acquired a new stake in CocaCola Company (The) (NYSE:KO) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 10,879 shares of the company’s stock, valued at approximately $936,000.

Several other large investors have also recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in shares of CocaCola by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 45,958,636 shares of the company’s stock worth $3,735,058,000 after buying an additional 1,939,673 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in CocaCola by 0.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,354,414 shares of the company’s stock valued at $2,954,523,000 after buying an additional 162,097 shares during the period. Wellington Management Group LLP increased its holdings in CocaCola by 9.2% during the second quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company’s stock worth $2,361,198,000 after buying an additional 2,439,026 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in CocaCola by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 18,822,295 shares of the company’s stock worth $1,431,495,000 after buying an additional 235,785 shares during the last quarter. Finally, Fayez Sarofim & Co increased its holdings in CocaCola by 0.7% during the second quarter. Fayez Sarofim & Co now owns 15,272,831 shares of the company’s stock worth $1,241,223,000 after buying an additional 113,599 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Key CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: KFC will switch its U.S. beverage partnership to Coca-Cola in January 2027, bringing KO products to approximately 3,700–4,000 restaurants by spring. The agreement expands Coca-Cola’s fountain presence, creates additional consumption occasions and represents a competitive win over PepsiCo. Is KFC Drink Deal Altering The Investment Case For Coca Cola?
• Positive Sentiment: Analysts and commentators view the KFC win as strategically more important than its immediate revenue contribution, highlighting Coca-Cola’s marketing, exclusive beverage offerings and restaurant technology as tools for winning foodservice accounts. Coca-Cola’s KFC Win Is About More Than Soda
• Positive Sentiment: Coca-Cola continues to attract income-focused investors because of its scale, diversified portfolio, defensive demand and long record of dividend increases. Recent articles emphasize the potential for compounding through regular investments and dividend reinvestment. Coca-Cola Dividend Income Over 10 Years
• Neutral Sentiment: Coca-Cola has materially outperformed the broader market over the past year, and its low beta and dependable dividend continue to position KO as a defensive holding as market volatility returns. However, the strong run may limit near-term upside. What Are Coca-Cola Stock Bulls Not Worried About?
• Negative Sentiment: Management has identified ongoing financial pressure on shoppers. Although Coca-Cola recently raised its annual revenue and profit outlook after strong sales linked partly to the FIFA World Cup, weaker consumer purchasing power remains a risk to volumes and product mix. What Are Coca-Cola Stock Bulls Not Worried About?

Insider Transactions at CocaCola

In other news, Chairman James Quincey sold 381,140 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $90.04, for a total value of $34,317,845.60. Following the completion of the transaction, the chairman directly owned 122,833 shares of the company’s stock, valued at $11,059,883.32. This trade represents a 75.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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, EVP Nancy Quan sold 50,000 shares of CocaCola stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total value of $4,519,500.00. Following the completion of the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at approximately $20,186,798.70. This trade represents a 18.29% 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. Over the last ninety days, insiders sold 926,620 shares of company stock valued at $83,075,714. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on KO shares. BNP Paribas Exane increased their target price on shares of CocaCola from $90.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Evercore reaffirmed an “outperform” rating and issued a $100.00 price target (up from $88.00) on shares of CocaCola in a report on Tuesday, July 28th. CICC Research lifted their price target on shares of CocaCola from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Morgan Stanley reiterated an “overweight” rating and issued a $100.00 price objective (up from $89.00) on shares of CocaCola in a research note on Wednesday, July 29th. Finally, Truist Financial set a $88.00 price objective on CocaCola in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.27.

CocaCola Stock Performance

Shares of KO traded down $0.54 during trading hours on Monday, hitting $93.36. The company’s stock had a trading volume of 16,929,317 shares, compared to its average volume of 16,908,000. The company has a market cap of $401.69 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 3.65 and a beta of 0.32. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. The business has a 50 day simple moving average of $88.47 and a two-hundred day simple moving average of $83.39. CocaCola Company has a 52-week low of $67.27 and a 52-week high of $94.10.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $13.37 billion for 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%. CocaCola’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, equities analysts expect 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 dividend of $0.53 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.12 annualized dividend and a dividend yield of 2.3%. CocaCola’s dividend payout ratio is currently 63.66%.

CocaCola Company Profile

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world’s most recognized soft drink brands.

The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.

The Coca-Cola Company serves consumers in more than 200 countries and territories through a system that includes company-operated operations, independent bottling partners, distributors, retailers, and food-service providers.