Fayez Sarofim & Co Sells 298,932 Shares of CocaCola Company (The) $KO

Fayez Sarofim & Co lowered its holdings in shares of CocaCola Company (The) (NYSE:KO) by 1.8% in the third quarter, Holdings Channel reports. The firm owned 16,567,084 shares of the company’s stock after selling 298,932 shares during the quarter. CocaCola accounts for 2.6% of Fayez Sarofim & Co’s investment portfolio, making the stock its 10th biggest holding. Fayez Sarofim & Co’s holdings in CocaCola were worth $1,101,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in CocaCola in the second quarter valued at $26,000. Marquette Asset Management LLC acquired a new stake in shares of CocaCola during the third quarter worth about $27,000. Cloud Capital Management LLC purchased a new position in shares of CocaCola during the third quarter worth about $27,000. Redmont Wealth Advisors LLC purchased a new position in shares of CocaCola during the third quarter worth about $30,000. Finally, Wealth Watch Advisors INC acquired a new position in CocaCola in the 3rd quarter valued at about $34,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KO has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price objective on CocaCola from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Wells Fargo & Company boosted their target price on CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Citigroup upped their price target on CocaCola from $85.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Barclays increased their price target on CocaCola from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, TD Cowen reiterated a “buy” rating on shares of CocaCola in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $84.40.

CocaCola Price Performance

Shares of NYSE:KO opened at $77.34 on Monday. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $82.00. The company has a 50-day moving average price of $75.64 and a 200 day moving average price of $71.41. The company has a market cap of $332.61 billion, a P/E ratio of 25.44, a PEG ratio of 3.24 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 (NYSE:KO) last released its earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $12.04 billion. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. Research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a dividend of $0.53 per share. This is a boost from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, March 13th. CocaCola’s dividend payout ratio is currently 69.74%.

Insider Transactions at CocaCola

In other news, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $77.37, for a total value of $1,847,595.60. Following the completion of the transaction, the executive vice president owned 17,725 shares in the company, valued at $1,371,383.25. This trade represents a 57.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nancy Quan sold 23,556 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.50, for a total transaction of $1,872,702.00. Following the completion of the transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $17,754,735. This trade represents a 9.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 892,925 shares of company stock valued at $70,254,796 in the last three months. Insiders own 0.97% of the company’s stock.

CocaCola 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.