38,829 Coca-Cola Company (The) $KO Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. trimmed its holdings in Coca-Cola Company (The) (NYSE:KO) by 3.4% in the third quarter, Holdings Channel reports. The institutional investor owned 1,094,151 shares of the company’s stock after selling 38,829 shares during the quarter. Coca-Cola accounts for approximately 7.1% of Cullinan Associates Inc.’s investment portfolio, making the stock its 2nd biggest holding. Cullinan Associates Inc.’s holdings in Coca-Cola were worth $94,185,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Cooper Haims Advisors LLC lifted its position in shares of Coca-Cola by 2.1% during the third quarter. Cooper Haims Advisors LLC now owns 5,966 shares of the company’s stock worth $514,000 after acquiring an additional 121 shares in the last quarter. Uhlmann Price Securities LLC boosted its holdings in shares of Coca-Cola by 3.1% in the third quarter. Uhlmann Price Securities LLC now owns 28,961 shares of the company’s stock worth $2,493,000 after acquiring an additional 881 shares during the period. Ethic Inc. boosted its holdings in shares of Coca-Cola by 6.8% in the third quarter. Ethic Inc. now owns 141,221 shares of the company’s stock worth $12,156,000 after acquiring an additional 8,991 shares during the period. StoneX Group Inc. grew its position in shares of Coca-Cola by 128.3% in the third quarter. StoneX Group Inc. now owns 27,276 shares of the company’s stock valued at $2,367,000 after purchasing an additional 15,328 shares in the last quarter. Finally, Axiom Investment Management LLC grew its position in shares of Coca-Cola by 2.3% in the third quarter. Axiom Investment Management LLC now owns 6,433 shares of the company’s stock valued at $554,000 after purchasing an additional 144 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Coca-Cola

In other Coca-Cola news, insider Sanket Ray sold 9,958 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the transaction, the insider owned 62,105 shares of the company’s stock, valued at $5,372,082.50. The trade was a 13.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nancy Quan sold 50,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the completion of the transaction, the executive vice president directly owned 223,330 shares in the company, valued at $20,186,798.70. The trade was a 18.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 238,871 shares of company stock valued at $21,918,267. Company insiders own 0.90% of the company’s stock.

More Coca-Cola News

Here are the key news stories impacting Coca-Cola this week:

• Positive Sentiment: Coca-Cola shares reportedly reached a record high as investors sought defensive stocks amid a market downturn. Its established brands and dividend income may be attracting buyers looking for more resilient businesses. Coca-Cola Stock Hits Record High as Market Crashes
• Positive Sentiment: Recent articles point to Coca-Cola’s shelf presence, distribution reach and consumer habits as sources of a durable competitive advantage. The company’s ability to raise prices while still growing volume supports the long-term investment case. Coca-Cola Stock Is a Buy Thanks to Shelf Space and Habits
• Positive Sentiment: Investors are also focusing on the company’s 64 consecutive years of dividend increases. Its latest quarterly results beat estimates, with revenue up year over year, and coverage says the company raised its outlook and dividend—supporting its earnings and income appeal. Coca-Cola Earnings Beat Lifts Guidance and Dividend
• Positive Sentiment: Margin expansion despite higher marketing spending, supported by productivity gains and disciplined pricing, suggests Coca-Cola is balancing investment with profitability. Can Coca-Cola Keep Expanding Margins While Investing More?
• Neutral Sentiment: Executive Beatriz Perez sold 67,548 shares, but the reported sale was to cover tax withholding on vested equity awards, making it a limited signal about her view of the business. Coca-Cola EVP Share Sale
• Negative Sentiment: After a strong run this year and a move to record levels, valuation may constrain further gains; one dividend-focused article suggests prospective investors consider waiting before buying. Coca-Cola’s Dividend Record and Valuation

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Barclays raised their target price on Coca-Cola from $93.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $86.00 target price (up from $82.00) on shares of Coca-Cola in a research note on Tuesday, July 28th. TD Cowen lifted their target price on Coca-Cola from $100.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Finally, Wells Fargo & Company upped their price target on Coca-Cola from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average target price of $97.26.

Coca-Cola Stock Performance

NYSE:KO opened at $95.69 on Friday. The stock has a market cap of $411.63 billion, a P/E ratio of 28.14, a PEG ratio of 3.73 and a beta of 0.28. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.93. The business’s 50-day moving average price is $89.96 and its two-hundred day moving average price is $82.69. Coca-Cola Company has a twelve month low of $67.27 and a twelve month high of $97.39.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. Coca-Cola had a return on equity of 38.79% and a net margin of 28.65%. The company had revenue of $13.35 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Coca-Cola’s revenue was up 7.2% on a year-over-year basis. As a group, equities analysts predict that Coca-Cola Company will post 3.34 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, December 1st. Coca-Cola’s dividend payout ratio (DPR) is currently 62.35%.

About Coca-Cola

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.