Arax Advisory Partners Sells 37,501 Shares of CocaCola Company (The) $KO

Key Points

• Arax Advisory Partners cut its Coca-Cola stake by 40.5% in the fourth quarter, selling 37,501 shares and leaving it with 55,080 shares worth about $3.85 million.
• Coca-Cola continues to receive bullish analyst attention, with several firms raising price targets and 15 analysts rating the stock a Buy; the consensus price target is $86.69.
• The company recently reported strong Q1 results, beating earnings and revenue estimates, and it also announced a quarterly dividend of $0.53 per share, equal to a 2.6% yield.

Arax Advisory Partners reduced its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 40.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,080 shares of the company's stock after selling 37,501 shares during the period. Arax Advisory Partners' holdings in CocaCola were worth $3,851,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Anfield Capital Management LLC boosted its holdings in shares of CocaCola by 438.8% in the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company's stock worth $25,000 after acquiring an additional 294 shares during the period. Headlands Technologies LLC bought a new position in shares of CocaCola in the second quarter worth $26,000. Evolution Wealth Management Inc. raised its position in shares of CocaCola by 1,081.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company's stock worth $27,000 after buying an additional 357 shares in the last quarter. Daytona Street Capital LLC purchased a new stake in shares of CocaCola in the fourth quarter worth $29,000. Finally, Ankerstar Wealth LLC purchased a new stake in CocaCola during the fourth quarter valued at about $30,000. 70.26% of the stock is owned by institutional investors.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: RBC Capital reiterated its buy view on Coca-Cola, reinforcing Wall Street’s generally favorable stance on KO and supporting the stock’s recent strength.
• Positive Sentiment: Several reports highlighted Coca-Cola as a potential beneficiary of the 2026 FIFA World Cup, with expectations that beverage volume and consumer spending could rise during the tournament.
• Positive Sentiment: Market commentary also pointed to strong Q1 results, including an earnings and revenue beat, solid organic growth, and volume gains, which continue to underpin the bullish investment case. Coca-Cola’s Q1 Results Prove It's a Good Buy to Hold and Hold
• Positive Sentiment: Investor interest remains supported by Coca-Cola’s reliable dividend and defensive profile, which continue to attract income-focused buyers.
• Neutral Sentiment: EVP Jennifer K. Mann disclosed a stock sale, but it was conducted under a pre-arranged 10b5-1 plan and tied to equity-award tax withholding, making it less of a concern than discretionary insider selling.

Insider Activity

In other news, EVP Jennifer K. Mann sold 23,984 shares of the business's stock in a transaction on 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 completion of the sale, the executive vice president owned 157,400 shares of the company's stock, valued at $13,128,734. The trade was 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, EVP Nancy Quan sold 31,625 shares of the business's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the sale, the executive vice president directly owned 223,330 shares of the company's stock, valued at approximately $18,074,096.90. The trade was a 12.40% decrease in their position. 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 sold a total of 899,905 shares of company stock valued at $71,832,315 in the last 90 days. Company insiders own 0.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on CocaCola from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, May 18th. Barclays lifted their price objective on CocaCola from $85.00 to $89.00 and gave the company an "overweight" rating in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on CocaCola from $83.00 to $86.00 and gave the company a "buy" rating in a research report on Monday, March 30th. TD Cowen lifted their price objective on CocaCola from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley set a $89.00 target price on shares of CocaCola in a report on Wednesday. Fifteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, CocaCola has an average rating of "Moderate Buy" and a consensus price target of $86.69.

CocaCola Price Performance

Shares of KO opened at $82.63 on Monday. The firm has a market cap of $355.51 billion, a PE ratio of 25.98, a P/E/G ratio of 3.30 and a beta of 0.35. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The firm has a fifty day simple moving average of $78.70 and a two-hundred day simple moving average of $75.70. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $84.04.

CocaCola (NYSE:KO - Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The business had revenue of $12.47 billion during the quarter, compared to analyst estimates of $12.24 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, equities analysts anticipate that CocaCola Company will post 3.26 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.6%. CocaCola's payout ratio is presently 66.67%.

About CocaCola

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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