CocaCola Company (The) $KO Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its position in CocaCola Company (The) (NYSE:KO) by 8.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,145,152 shares of the company’s stock after selling 952,164 shares during the period. California Public Employees Retirement System’s holdings in CocaCola were worth $672,826,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after acquiring an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after purchasing an additional 293 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of CocaCola in the 1st quarter worth approximately $210,000. United Bank grew its stake in shares of CocaCola by 9.5% in the 2nd quarter. United Bank now owns 91,201 shares of the company’s stock worth $6,452,000 after purchasing an additional 7,903 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of CocaCola in the 2nd quarter worth approximately $214,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Performance

CocaCola stock opened at $77.34 on Friday. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $82.00. The firm’s 50 day simple moving average is $75.64 and its 200-day simple moving average is $71.39. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.25. The company has a market cap of $332.60 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 3.24 and a beta of 0.35.

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

CocaCola Increases Dividend

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

Analyst Ratings Changes

Several research firms recently commented on KO. Evercore reissued an “outperform” rating and set a $85.00 target price on shares of CocaCola in a research note on Wednesday, February 11th. JPMorgan Chase & Co. upped their price target on CocaCola from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Royal Bank Of Canada set a $87.00 price objective on CocaCola in a research report on Wednesday, February 11th. Jefferies Financial Group reduced their price objective on CocaCola from $88.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Finally, UBS Group lifted their target price on CocaCola from $82.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to data from MarketBeat, CocaCola has an average rating of “Buy” and an average target price of $84.40.

Insiders Place Their Bets

In other CocaCola news, insider Bruno Pietracci sold 28,765 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.41, for a total transaction of $2,284,228.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Quincey sold 250,688 shares of CocaCola stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.14, for a total value of $19,839,448.32. Following the transaction, the chief executive officer directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 892,925 shares of company stock valued at $70,254,796 over the last quarter. 0.97% of the stock is owned by insiders.

About CocaCola

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.