World Equity Group Inc. Has $1.72 Million Stock Position in CocaCola Company (The) $KO

World Equity Group Inc. reduced its stake in shares of CocaCola Company (The) (NYSE:KOFree Report) by 50.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 21,156 shares of the company’s stock after selling 21,476 shares during the quarter. World Equity Group Inc.’s holdings in CocaCola were worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in KO. Everpar Advisors LLC lifted its stake in shares of CocaCola by 0.9% in the second quarter. Everpar Advisors LLC now owns 14,504 shares of the company’s stock valued at $1,179,000 after buying an additional 125 shares during the period. Geneos Wealth Management Inc. increased its stake in CocaCola by 0.3% during the first quarter. Geneos Wealth Management Inc. now owns 40,879 shares of the company’s stock valued at $3,109,000 after acquiring an additional 129 shares during the period. HORAN Wealth LLC raised its holdings in CocaCola by 3.9% in the 1st quarter. HORAN Wealth LLC now owns 3,458 shares of the company’s stock valued at $263,000 after acquiring an additional 130 shares in the last quarter. Wills Financial Group LLC raised its holdings in CocaCola by 1.3% in the 1st quarter. Wills Financial Group LLC now owns 10,170 shares of the company’s stock valued at $816,000 after acquiring an additional 133 shares in the last quarter. Finally, Beacon Financial Advisory LLC lifted its position in shares of CocaCola by 0.5% in the 1st quarter. Beacon Financial Advisory LLC now owns 26,844 shares of the company’s stock worth $2,041,000 after acquiring an additional 136 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the completion of the sale, the executive vice president owned 223,330 shares in the company, valued at $18,074,096.90. The trade was a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 145,947 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $90.09, for a total value of $13,148,365.23. Following the transaction, the chairman directly owned 122,833 shares in the company, valued at $11,066,024.97. This trade represents a 54.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 have sold a total of 1,455,202 shares of company stock valued at $123,620,742 over the last quarter. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the subject of several research reports. Argus raised their target price on CocaCola from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings reiterated a “buy (b+)” rating on shares of CocaCola in a research report on Friday, July 31st. The Goldman Sachs Group restated a “neutral” rating and set a $86.00 price target (up from $82.00) on shares of CocaCola in a research note on Tuesday, July 28th. Truist Financial set a $88.00 price objective on CocaCola in a research note on Friday, June 26th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $93.00 target price on shares of CocaCola in a report on Wednesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.76.

Get Our Latest Stock Report on KO

CocaCola Stock Performance

NYSE:KO opened at $87.06 on Monday. The stock has a market capitalization of $374.58 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 3.04 and a beta of 0.33. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $90.92. The firm has a 50 day moving average of $82.66 and a 200-day moving average of $79.34.

CocaCola (NYSE:KOGet Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The company had revenue of $13.37 billion for the quarter, compared to analyst estimates of $13.17 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, sell-side analysts anticipate that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. CocaCola’s dividend payout ratio is presently 63.66%.

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

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.

See Also

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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