Concurrent Investment Advisors LLC lifted its holdings in CocaCola Company (The) (NYSE:KO – Free Report) by 10.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 420,729 shares of the company’s stock after purchasing an additional 39,540 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in CocaCola were worth $34,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prosperitas Financial LLC boosted its position in shares of CocaCola by 24.9% during the second quarter. Prosperitas Financial LLC now owns 4,802 shares of the company’s stock valued at $390,000 after buying an additional 956 shares during the last quarter. NEOS Investment Management LLC raised its position in CocaCola by 11.6% in the 2nd quarter. NEOS Investment Management LLC now owns 633,541 shares of the company’s stock worth $51,488,000 after buying an additional 66,021 shares during the last quarter. AXQ Capital LP purchased a new position in CocaCola in the 2nd quarter worth about $2,940,000. Carter Financial Group INC. bought a new position in CocaCola during the 2nd quarter valued at about $263,000. Finally, iSAM Funds UK Ltd bought a new position in CocaCola during the 2nd quarter valued at about $2,024,000. 70.26% of the stock is owned by institutional investors.
Insider Activity
In other news, insider Bruno Pietracci sold 111,365 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $90.93, for a total value of $10,126,419.45. Following the completion of the sale, the insider directly owned 41,365 shares in the company, valued at $3,761,319.45. This represents a 72.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $90.09, for a total value of $13,148,365.23. Following the completion of the transaction, the chairman directly owned 122,833 shares in the company, valued at approximately $11,066,024.97. This represents a 54.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders have sold 1,050,604 shares of company stock worth $93,022,219. Company insiders own 0.90% of the company’s stock.
CocaCola Price Performance
CocaCola (NYSE:KO – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Equities research analysts expect that CocaCola Company will post 3.29 EPS for the current year.
CocaCola Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. CocaCola’s dividend payout ratio (DPR) is currently 63.66%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on KO shares. Barclays lifted their price target on shares of CocaCola from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Sanford C. Bernstein restated a “market perform” rating and set a $93.00 price objective on shares of CocaCola in a research report on Wednesday, July 29th. Citigroup lifted their target price on shares of CocaCola from $97.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on shares of CocaCola from $87.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of CocaCola in a report on Friday, July 31st. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.76.
Check Out Our Latest Stock Report on KO
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.
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