M&T Bank Corp Has $81.38 Million Stock Holdings in CocaCola Company (The) $KO

M&T Bank Corp decreased its holdings in CocaCola Company (The) (NYSE:KO) by 6.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,227,126 shares of the company’s stock after selling 91,551 shares during the period. M&T Bank Corp’s holdings in CocaCola were worth $81,383,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Headlands Technologies LLC acquired a new position in CocaCola during the 2nd quarter worth approximately $26,000. Marquette Asset Management LLC acquired a new stake in CocaCola in the third quarter valued at approximately $27,000. Cloud Capital Management LLC acquired a new stake in CocaCola in the third quarter valued at approximately $27,000. Redmont Wealth Advisors LLC bought a new stake in shares of CocaCola during the third quarter worth $30,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of CocaCola during the third quarter worth $34,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. TD Cowen reiterated a “buy” rating on shares of CocaCola in a research note on Wednesday, February 11th. Citigroup upped their target price on CocaCola from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Jefferies Financial Group dropped their target price on CocaCola from $88.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. JPMorgan Chase & Co. boosted their price target on CocaCola from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Finally, Morgan Stanley set a $88.00 price objective on CocaCola in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $84.40.

CocaCola Stock Performance

NYSE KO opened at $77.34 on Friday. The company has a market capitalization of $332.60 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 3.25 and a beta of 0.35. The company has a quick ratio of 1.25, a current ratio of 1.46 and a debt-to-equity ratio of 1.23. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $82.00. The stock has a fifty day simple moving average of $75.64 and a 200 day simple moving average of $71.37.

CocaCola (NYSE:KO) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $11.82 billion for the quarter, compared to analyst estimates of $12.04 billion. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 EPS. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. Sell-side analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $0.53 dividend. The ex-dividend date is Friday, March 13th. This is a boost from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 2.7%. CocaCola’s dividend payout ratio (DPR) is currently 67.11%.

Insider Buying and Selling at CocaCola

In other CocaCola news, CEO James Quincey sold 250,688 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.14, for a total transaction of $19,839,448.32. Following the completion of the transaction, the chief executive officer owned 278,155 shares in the company, valued at approximately $22,013,186.70. This trade represents a 47.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruno Pietracci sold 28,765 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total transaction of $2,284,228.65. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 892,925 shares of company stock worth $70,254,796. Company insiders own 0.97% of the company’s stock.

CocaCola Company 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.