Atlantic Union Bankshares Corp Lowers Stock Position in CocaCola Company (The) $KO

Atlantic Union Bankshares Corp cut its stake in shares of CocaCola Company (The) (NYSE:KO) by 10.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,717 shares of the company’s stock after selling 12,149 shares during the period. Atlantic Union Bankshares Corp’s holdings in CocaCola were worth $7,600,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in CocaCola by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 374,771,512 shares of the company’s stock worth $26,200,276,000 after buying an additional 5,886,352 shares in the last quarter. State Street Corp lifted its holdings in CocaCola by 0.6% in the 3rd quarter. State Street Corp now owns 165,858,003 shares of the company’s stock worth $11,083,296,000 after buying an additional 923,278 shares in the last quarter. Franklin Resources Inc. raised its stake 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 purchasing an additional 5,135,198 shares in the last quarter. Legal & General Group Plc raised its stake in shares of CocaCola by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 28,051,787 shares of the company’s stock valued at $1,860,395,000 after purchasing an additional 770,235 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of CocaCola by 5.5% in the 3rd quarter. Invesco Ltd. now owns 26,721,843 shares of the company’s stock valued at $1,772,193,000 after purchasing an additional 1,393,760 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CocaCola

In other CocaCola news, EVP Monica Howard Douglas sold 23,880 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 17,725 shares in the company, valued at approximately $1,371,383.25. This represents a 57.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nancy Quan sold 23,556 shares of the company’s stock in a transaction that occurred on 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 owned 223,330 shares in the company, valued at approximately $17,754,735. This represents a 9.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 755,101 shares of company stock worth $59,988,566. 0.90% of the stock is owned by company insiders.

Key CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola’s push into energy drinks and functional beverages is being viewed as a potential growth catalyst, with new flavors, lower-sugar options, and its Monster partnership helping the company target faster-growing categories beyond traditional soft drinks.
• Positive Sentiment: The company recently beat quarterly expectations, reporting stronger-than-expected EPS and revenue along with 11.4% year-over-year revenue growth, which supports the case for solid underlying business momentum.
• Positive Sentiment: Analyst sentiment remains constructive, with several firms raising price targets and the consensus rating still at Buy, suggesting Wall Street sees room for further upside.
• Neutral Sentiment: Coca-Cola also announced a quarterly dividend of $0.53 per share, reinforcing its appeal as a defensive income stock for long-term investors.
• Negative Sentiment: Recent insider selling by Chairman James Quincey, including a 200,000-share sale, may create some investor caution, even though insider sales do not necessarily signal weakening fundamentals.
• Negative Sentiment: A Diet Coke shortage in parts of India, linked to aluminum can supply constraints and broader geopolitical disruptions, highlights operational and supply-chain risks that could pressure near-term sales in certain markets.

CocaCola Stock Up 0.3%

Shares of NYSE:KO opened at $80.28 on Thursday. 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 cap of $345.39 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 3.20 and a beta of 0.35. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $82.00. The firm has a 50 day simple moving average of $76.93 and a 200 day simple moving average of $74.10.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The business 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 quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, research analysts expect that CocaCola Company will post 3.26 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, June 15th. CocaCola’s dividend payout ratio is currently 66.67%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada set a $87.00 price objective on shares of CocaCola in a research report on Wednesday, February 11th. Truist Financial set a $85.00 target price on shares of CocaCola in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company increased their price objective on shares of CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Fifteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $86.27.

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.