Cyndeo Wealth Partners LLC Sells 51,338 Shares of CocaCola Company (The) $KO

Cyndeo Wealth Partners LLC decreased its holdings in shares of CocaCola Company (The) (NYSE:KOFree Report) by 29.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,516 shares of the company’s stock after selling 51,338 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in CocaCola were worth $8,495,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in CocaCola during the 2nd quarter worth about $3,846,270,000. Laurel Wealth Advisors LLC grew its holdings in shares of CocaCola by 7,239.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 6,149,632 shares of the company’s stock valued at $435,086,000 after acquiring an additional 6,065,840 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of CocaCola by 15.1% in the 3rd quarter. Franklin Resources Inc. now owns 39,094,276 shares of the company’s stock valued at $2,592,732,000 after acquiring an additional 5,135,198 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of CocaCola by 343.3% in the third quarter. Assenagon Asset Management S.A. now owns 4,486,096 shares of the company’s stock valued at $297,518,000 after acquiring an additional 3,474,015 shares during the last quarter. Finally, Danske Bank A S bought a new stake in CocaCola during the third quarter worth about $226,443,000. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at CocaCola

In other news, CFO John Murphy sold 72,449 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $80.52, for a total transaction of $5,833,593.48. Following the completion of the sale, the chief financial officer owned 279,917 shares in the company, valued at approximately $22,538,916.84. This trade represents a 20.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James Quincey sold 250,688 shares of CocaCola stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.14, for a total transaction of $19,839,448.32. Following the sale, the chief executive officer directly owned 278,155 shares of the company’s stock, valued at $22,013,186.70. The trade was a 47.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 892,925 shares of company stock worth $70,254,796. 0.97% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on KO. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $83.00 price target on shares of CocaCola in a research report on Thursday, January 29th. Wells Fargo & Company upped their price objective on CocaCola from $79.00 to $87.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Morgan Stanley set a $88.00 price objective on CocaCola in a report on Wednesday, March 11th. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Finally, UBS Group boosted their target price on shares of 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 given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $84.60.

Check Out Our Latest Research Report on CocaCola

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

CocaCola Trading Down 1.0%

CocaCola stock opened at $74.76 on Friday. The stock has a 50-day simple moving average of $76.41 and a 200 day simple moving average of $71.65. The stock has a market capitalization of $321.80 billion, a P/E ratio of 24.59, a PEG ratio of 3.13 and a beta of 0.35. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.46. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $82.00.

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

CocaCola Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 annualized dividend and a yield of 2.8%. This is a positive change from CocaCola’s previous quarterly dividend of $0.51. CocaCola’s payout ratio is 69.74%.

CocaCola Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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