34,103 CocaCola Company (The) $KO Shares Bought by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth increased its Coca-Cola stake by 23.8% in the third quarter, adding 34,103 shares to own 177,528 shares valued at approximately $15.4 million. Institutional investors collectively own 70.26% of KO.
• Coca-Cola reported quarterly revenue of $13.37 billion and EPS of $0.97, exceeding analyst estimates, while revenue grew 6.2% year over year. The company reaffirmed 2026 EPS guidance of $3.27–$3.30.
• The company declared a quarterly dividend of $0.53 per share, equivalent to $2.12 annually and a yield of about 2.3%; analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $96.27 average price target.

SteelPeak Wealth LLC lifted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 23.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,528 shares of the company's stock after acquiring an additional 34,103 shares during the period. SteelPeak Wealth LLC's holdings in CocaCola were worth $15,374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in CocaCola by 28.4% in the 3rd quarter. IFP Advisors Inc now owns 90,709 shares of the company's stock valued at $7,808,000 after acquiring an additional 20,061 shares in the last quarter. CRA Financial Services LLC increased its holdings in shares of CocaCola by 1.6% in the 3rd quarter. CRA Financial Services LLC now owns 13,742 shares of the company's stock worth $1,183,000 after purchasing an additional 221 shares in the last quarter. Strata Wealth Advisors LLC increased its holdings in shares of CocaCola by 3.0% in the 3rd quarter. Strata Wealth Advisors LLC now owns 10,021 shares of the company's stock worth $863,000 after purchasing an additional 294 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its holdings in shares of CocaCola by 7.0% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 19,403 shares of the company's stock worth $1,680,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Frank Rimerman Advisors LLC increased its holdings in shares of CocaCola by 0.3% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 61,888 shares of the company's stock worth $5,327,000 after purchasing an additional 187 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Price Performance

Shares of NYSE:KO opened at $93.72 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $403.23 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 3.65 and a beta of 0.32. The firm's 50 day moving average price is $88.47 and its 200-day moving average price is $83.34. CocaCola Company has a twelve month low of $67.27 and a twelve month high of $94.10.

CocaCola (NYSE:KO - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The company had revenue of $13.37 billion during the quarter, compared to analyst estimates of $13.17 billion. During the same period in the previous year, the business posted $0.87 earnings per share. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Equities research analysts expect that CocaCola Company will post 3.30 EPS for the current year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, December 1st. CocaCola's dividend payout ratio (DPR) is currently 63.66%.

Key CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: KFC switches from Pepsi to Coca-Cola: KFC will replace PepsiCo beverages with Coca-Cola products at its U.S. restaurants next year, ending a relationship that began in 1986. The high-profile contract should provide incremental fountain volume, strengthen Coca-Cola’s North American position and pressure PepsiCo. KFC to switch to Coca-Cola beverages in U.S. restaurants
• Positive Sentiment: Analyst support: UBS reaffirmed its Buy rating, while Jefferies maintained a Buy rating and Barclays reportedly raised its price target. Analysts view the KFC win as evidence of improving competitive momentum in North America. Jefferies maintains Coca-Cola Buy rating
• Positive Sentiment: Rotation into defensive stocks: Coca-Cola, Visa and Mastercard reached records as investors rotated away from chip and artificial-intelligence stocks. KO’s low-beta profile and dependable cash flows make it a potential beneficiary if technology-market volatility increases. Coca-Cola, Visa and Mastercard hit records
• Positive Sentiment: Strong brand and product execution: Coca-Cola Zero Sugar volume grew 16% in the second quarter, outpacing 5% growth for the broader Coca-Cola trademark. Localized pricing, marketing and product strategies are also supporting global consumer engagement. How Coca-Cola is using local execution to fuel global growth
• Neutral Sentiment: Dividend remains a support: Coca-Cola declared a quarterly dividend of $0.53 per share, or $2.12 annualized, representing an indicated yield of about 2.3%. The payout reinforces KO’s income appeal, although the stock’s elevated valuation limits the margin of safety.
• Negative Sentiment: Valuation and growth questions: At roughly 28 times earnings, investors are paying a premium for a mature company. The Zero Sugar gains may partly reflect consumers switching among Coca-Cola products rather than creating entirely new demand, which could limit the long-term earnings benefit. Is Zero Sugar creating new demand or shifting existing sales?

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on CocaCola from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. Bank of America increased their price objective on CocaCola from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. TD Cowen reiterated a "buy" rating on shares of CocaCola in a report on Friday. Rothschild & Co Redburn boosted their target price on CocaCola from $86.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada boosted their target price on CocaCola from $87.00 to $96.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $96.27.

Insider Activity

In related news, 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 transaction, the chairman directly owned 122,833 shares of the company's stock, valued at approximately $11,066,024.97. This trade represents a 54.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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. Also, insider Bruno Pietracci sold 111,365 shares of the firm'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 transaction, the insider directly owned 41,365 shares in the company, valued at approximately $3,761,319.45. This represents a 72.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 926,620 shares of company stock worth $83,075,714. Company insiders own 0.90% of the company's stock.

About CocaCola

The Coca-Cola Company NYSE: KO is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world's most recognized soft drink brands.

The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.

The Coca-Cola Company serves consumers in more than 200 countries and territories through a system that includes company-operated operations, independent bottling partners, distributors, retailers, and food-service providers.

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