7,377 Coca-Cola Company (The) $KO Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its holdings in Coca-Cola Company (The) (NYSE:KO) by 1.3% during the third quarter, Holdings Channel reports. The fund owned 564,275 shares of the company’s stock after selling 7,377 shares during the quarter. Coca-Cola makes up 0.9% of Kornitzer Capital Management Inc. KS’s holdings, making the stock its 29th largest holding. Kornitzer Capital Management Inc. KS’s holdings in Coca-Cola were worth $48,573,000 at the end of the most recent reporting period.

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

Coca-Cola Stock Down 0.0%

KO stock opened at $95.69 on Friday. The firm has a market cap of $411.63 billion, a PE ratio of 28.14, a P/E/G ratio of 3.73 and a beta of 0.28. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.19 and a current ratio of 1.38. The firm’s fifty day moving average is $89.96 and its 200 day moving average is $82.69. Coca-Cola Company has a one year low of $67.27 and a one year high of $97.39.

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

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.2%. Coca-Cola’s dividend payout ratio (DPR) is 62.35%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KO. Morgan Stanley boosted their price objective on Coca-Cola from $100.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. CICC Research upped their target price on Coca-Cola from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft raised their target price on Coca-Cola from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. HSBC lifted their price target on Coca-Cola from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Daiwa Securities Group lifted their price target on Coca-Cola from $83.00 to $93.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.26.

Key Headlines Impacting Coca-Cola

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

Insiders Place Their Bets

In related news, insider Bruno Pietracci sold 111,365 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $90.93, for a total value of $10,126,419.45. Following the completion of the transaction, the insider owned 41,365 shares of the company’s stock, valued at approximately $3,761,319.45. This represents a 72.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Beatriz R. Perez sold 67,548 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $94.91, for a total value of $6,410,980.68. Following the transaction, the executive vice president owned 160,428 shares in the company, valued at $15,226,221.48. This represents a 29.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 238,871 shares of company stock valued at $21,918,267 over the last quarter. Insiders own 0.90% of the company’s stock.

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.