Capital Wealth Planning LLC Sells 1,183,978 Shares of CocaCola Company (The) $KO

Capital Wealth Planning LLC decreased its holdings in CocaCola Company (The) (NYSE:KO) by 33.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,343,789 shares of the company’s stock after selling 1,183,978 shares during the quarter. CocaCola accounts for approximately 1.1% of Capital Wealth Planning LLC’s holdings, making the stock its 26th biggest position. Capital Wealth Planning LLC owned approximately 0.05% of CocaCola worth $155,440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of CocaCola during the second quarter valued at approximately $3,846,270,000. Vanguard Group Inc. boosted its holdings in CocaCola by 1.7% in the second quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after purchasing an additional 6,241,163 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in CocaCola by 7,239.2% in the second quarter. Laurel Wealth Advisors LLC now owns 6,149,632 shares of the company’s stock worth $435,086,000 after purchasing an additional 6,065,840 shares during the last quarter. Franklin Resources Inc. grew its position in CocaCola by 15.1% in the 3rd quarter. Franklin Resources Inc. now owns 39,094,276 shares of the company’s stock worth $2,592,732,000 after purchasing an additional 5,135,198 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in CocaCola by 343.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,486,096 shares of the company’s stock valued at $297,518,000 after buying an additional 3,474,015 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Trading Down 0.4%

Shares of CocaCola stock opened at $77.34 on Friday. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $82.00. The company’s fifty day simple moving average is $75.64 and its 200-day simple moving average is $71.37. 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 stock has a market capitalization of $332.60 billion, a PE ratio of 25.44, a P/E/G ratio of 3.25 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 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 during the quarter, compared to analyst estimates of $12.04 billion. During the same period in the prior year, the business posted $0.55 EPS. CocaCola’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 analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $0.53 dividend. The ex-dividend date is Friday, March 13th. This is a positive change 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%. CocaCola’s dividend payout ratio (DPR) is currently 67.11%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KO. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $83.00 price target on shares of CocaCola in a report on Thursday, January 29th. JPMorgan Chase & Co. lifted their price objective on CocaCola from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Citigroup increased their target price on CocaCola from $85.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Evercore reissued an “outperform” rating and issued a $85.00 target price on shares of CocaCola in a research report on Wednesday, February 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to MarketBeat.com, CocaCola presently has an average rating of “Buy” and an average price target of $84.40.

Insider Transactions at CocaCola

In related news, EVP Nancy Quan sold 23,556 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was 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 in the company, valued at approximately $17,754,735. The trade was a 9.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $77.37, for a total transaction of $1,847,595.60. Following the completion of the sale, the executive vice president directly owned 17,725 shares of the company’s stock, valued at $1,371,383.25. This represents a 57.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 892,925 shares of company stock valued at $70,254,796. Company insiders own 0.97% of the company’s stock.

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.