Canandaigua National Trust Co of Florida Makes New $2.30 Million Investment in CocaCola Company (The) $KO

Canandaigua National Trust Co of Florida acquired a new stake in CocaCola Company (The) (NYSE:KO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 26,694 shares of the company’s stock, valued at approximately $2,298,000. CocaCola accounts for about 1.3% of Canandaigua National Trust Co of Florida’s portfolio, making the stock its 18th largest position.

Several other institutional investors also recently modified their holdings of the company. Louisbourg Investments Inc. acquired a new stake in CocaCola in the 1st quarter valued at about $25,000. Guardian Partners Inc. acquired a new position in CocaCola during the second quarter worth approximately $27,000. Bard Associates Inc. bought a new stake in CocaCola in the fourth quarter valued at approximately $30,000. Horizons Wealth Management acquired a new stake in shares of CocaCola in the third quarter valued at approximately $31,000. Finally, Atomic Invest LLC lifted its position in shares of CocaCola by 38.7% in the second quarter. Atomic Invest LLC now owns 437 shares of the company’s stock valued at $36,000 after buying an additional 122 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on KO shares. JPMorgan Chase & Co. decreased their target price on CocaCola from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of CocaCola from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Piper Sandler reissued an “overweight” rating and issued a $95.00 price objective (up from $88.00) on shares of CocaCola in a research report on Wednesday, September 16th. Seaport Research Partners set a $95.00 target price on shares of CocaCola in a research note on Friday, August 14th. Finally, Argus lifted their target price on shares of CocaCola from $91.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, CocaCola currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.95.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola is launching or bringing back several products, including banana- and vanilla-flavored beverages and sugar-free probiotic drinks. The product expansion is intended to capture demand for more varied and health-oriented options. Coca-Cola Stock Fizzes on New Banana, Vanilla and Better-for-You Soda Launches
• Positive Sentiment: Wells Fargo reaffirmed its Buy rating on KO, providing continued analyst support for the shares. Wells Fargo Reaffirms Buy Rating on Coca-Cola
• Positive Sentiment: Coca-Cola continues to be highlighted as a defensive dividend investment, having increased its dividend for 64 consecutive years. Its roughly 2.5% yield and established global business may appeal to investors seeking dependable income. Coca-Cola Dividend Investment Analysis
• Neutral Sentiment: Commentary comparing Coca-Cola with PepsiCo suggests KO is benefiting from a more favorable relative outlook ahead of PepsiCo’s earnings, although the discussion is opinion-based rather than a new company-specific catalyst. Jim Cramer Compares PepsiCo and Coca-Cola
• Negative Sentiment: Analysts note that GLP-1 drug usage could alter beverage consumption patterns. Coca-Cola’s new offerings may help offset that risk, but the shift creates uncertainty about long-term demand and growth. Coca-Cola New Drinks and GLP-1 Demand
• Negative Sentiment: KO trades at a valuation premium to the broader market, meaning investors need sustained earnings growth to justify the price. Commentary also suggests Coca-Cola’s investment profile is shifting from pricing power toward product innovation and volume growth. Has Coca-Cola Stock Become a Different Bet

Insider Activity at CocaCola

In other news, insider Sanket Ray sold 9,958 shares of CocaCola 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 sale, the insider directly owned 62,105 shares in the company, valued at approximately $5,372,082.50. The trade was a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman James Quincey sold 381,140 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $90.04, for a total value of $34,317,845.60. Following the completion of the sale, the chairman owned 122,833 shares of the company’s stock, valued at approximately $11,059,883.32. This trade represents a 75.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. In the last three months, insiders sold 926,620 shares of company stock valued at $83,075,714. 0.90% of the stock is currently owned by company insiders.

CocaCola Stock Performance

NYSE KO traded down $0.38 on Wednesday, reaching $85.79. The stock had a trading volume of 12,953,452 shares, compared to its average volume of 16,934,100. 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 company has a market cap of $369.11 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 3.37 and a beta of 0.32. The firm has a fifty day moving average of $88.08 and a two-hundred day moving average of $82.57. CocaCola Company has a 1-year low of $66.00 and a 1-year high of $92.49.

CocaCola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. During the same period in the prior year, the company posted $0.87 earnings per share. CocaCola’s revenue was up 6.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, equities research analysts anticipate that CocaCola Company will post 3.29 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, September 15th. CocaCola’s dividend payout ratio is presently 63.66%.

CocaCola Company Profile

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and other ready-to-drink products. The company’s best-known brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, Powerade, Minute Maid, fairlife, and Georgia Coffee.

Founded in 1886, the company develops, owns, licenses, markets, and distributes beverage brands through a network of bottling partners, distributors, retailers, and food-service operators.