Kestra Private Wealth Services LLC trimmed its position in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 3.8% during the second quarter, Holdings Channel reports. The firm owned 238,392 shares of the company’s stock after selling 9,513 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in CocaCola were worth $19,374,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Everpar Advisors LLC raised its stake in shares of CocaCola by 0.9% during the 2nd quarter. Everpar Advisors LLC now owns 14,504 shares of the company’s stock worth $1,179,000 after buying an additional 125 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in CocaCola by 0.3% in the 1st 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 last quarter. HORAN Wealth LLC increased its holdings in CocaCola by 3.9% during 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 increased its holdings in CocaCola by 1.3% during 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, Lee Financial Co raised its position in CocaCola by 0.5% during the second quarter. Lee Financial Co now owns 25,177 shares of the company’s stock worth $2,051,000 after acquiring an additional 135 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently commented on KO shares. Wells Fargo & Company increased their price target on shares of CocaCola from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Piper Sandler lifted their price objective on CocaCola from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Jefferies Financial Group upped their target price on CocaCola from $95.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Seaport Research Partners set a $95.00 target price on CocaCola in a report on Friday, August 14th. Finally, Evercore reissued an “outperform” rating and issued a $100.00 price target on shares of CocaCola in a report on Tuesday, July 28th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, CocaCola has an average rating of “Moderate Buy” and a consensus target price of $95.76.
Insider Buying and Selling
In other news, EVP Jennifer K. Mann sold 23,984 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $83.41, for a total transaction of $2,000,505.44. Following the transaction, the executive vice president directly owned 157,400 shares in the company, valued at $13,128,734. This represents a 13.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Murphy sold 152,483 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $87.31, for a total transaction of $13,313,290.73. Following the completion of the sale, the chief financial officer owned 279,917 shares of the company’s stock, valued at approximately $24,439,553.27. The trade was a 35.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,433,535 shares of company stock worth $121,922,698 over the last ninety days. Insiders own 0.90% of the company’s stock.
CocaCola Trading Up 1.8%
Shares of CocaCola stock opened at $90.38 on Thursday. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $90.92. The firm has a market cap of $388.88 billion, a PE ratio of 27.14, a P/E/G ratio of 3.10 and a beta of 0.33. The business’s fifty day moving average is $83.95 and its two-hundred day moving average is $80.19. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97.
CocaCola (NYSE:KO – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The business had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $13.17 billion. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Analysts anticipate that CocaCola Company will post 3.29 earnings per share for the current year.
CocaCola Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola’s dividend payout ratio (DPR) is presently 63.66%.
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.
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