Lord Abbett & CO. LLC Reduces Holdings in CocaCola Company (The) $KO

Lord Abbett & CO. LLC decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,111,538 shares of the company’s stock after selling 196,495 shares during the quarter. Lord Abbett & CO. LLC’s holdings in CocaCola were worth $147,618,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Sumitomo Life Insurance Co. grew its holdings in shares of CocaCola by 0.9% during the fourth quarter. Sumitomo Life Insurance Co. now owns 35,304 shares of the company’s stock worth $2,468,000 after purchasing an additional 304 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in shares of CocaCola by 30.0% during the fourth quarter. Wealthspire Advisors LLC now owns 184,639 shares of the company’s stock worth $12,908,000 after purchasing an additional 42,605 shares during the last quarter. Atalanta Sosnoff Capital LLC grew its holdings in shares of CocaCola by 18.8% during the fourth quarter. Atalanta Sosnoff Capital LLC now owns 230,025 shares of the company’s stock worth $16,081,000 after purchasing an additional 36,445 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of CocaCola by 33.7% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 14,175 shares of the company’s stock worth $991,000 after buying an additional 3,570 shares during the period. Finally, Concorde Asset Management LLC boosted its stake in shares of CocaCola by 6.9% during the fourth quarter. Concorde Asset Management LLC now owns 3,838 shares of the company’s stock worth $268,000 after buying an additional 248 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Price Performance

Shares of KO opened at $82.63 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. The company has a market capitalization of $355.51 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 3.30 and a beta of 0.35. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $84.04. The firm has a 50-day simple moving average of $78.70 and a 200-day simple moving average of $75.68.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $12.24 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, equities research analysts anticipate that CocaCola Company will post 3.26 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a $0.53 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. CocaCola’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KO shares. Wells Fargo & Company increased their target price on shares of CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Morgan Stanley set a $89.00 target price on shares of CocaCola in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on shares of CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 4th. Finally, Sanford C. Bernstein started coverage on shares of CocaCola in a research note on Thursday. They set a “market perform” rating and a $84.00 target price for the company. Fifteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.69.

Insider Activity at CocaCola

In related news, EVP Jennifer K. Mann sold 23,984 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $83.41, for a total value of $2,000,505.44. Following the completion of the sale, the executive vice president owned 157,400 shares in the company, valued at $13,128,734. This trade represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman James Quincey sold 436,296 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the completion of the sale, the chairman owned 122,833 shares of the company’s stock, valued at approximately $9,842,608.29. The trade was a 78.03% decrease in their position. 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. Insiders sold a total of 899,905 shares of company stock worth $71,832,315 over the last 90 days. Company insiders own 0.90% of the company’s stock.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: RBC Capital reiterated its buy view on Coca-Cola, reinforcing Wall Street’s generally favorable stance on KO and supporting the stock’s recent strength.
• Positive Sentiment: Several reports highlighted Coca-Cola as a potential beneficiary of the 2026 FIFA World Cup, with expectations that beverage volume and consumer spending could rise during the tournament.
• Positive Sentiment: Market commentary also pointed to strong Q1 results, including an earnings and revenue beat, solid organic growth, and volume gains, which continue to underpin the bullish investment case. Coca-Cola’s Q1 Results Prove It’s a Good Buy to Hold and Hold
• Positive Sentiment: Investor interest remains supported by Coca-Cola’s reliable dividend and defensive profile, which continue to attract income-focused buyers.
• Neutral Sentiment: EVP Jennifer K. Mann disclosed a stock sale, but it was conducted under a pre-arranged 10b5-1 plan and tied to equity-award tax withholding, making it less of a concern than discretionary insider selling.

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.