Ascentis Wealth Management LLC Acquires 848,212 Shares of CocaCola Company (The) $KO

Key Points

• Ascentis Wealth Management dramatically increased its Coca-Cola stake by purchasing 848,212 shares in the second quarter, bringing its total holdings to 858,071 shares valued at approximately $69.7 million. Institutional investors and hedge funds collectively own 70.26% of KO.
• Coca-Cola reported stronger-than-expected quarterly results, with earnings of $0.97 per share and revenue of $13.37 billion, up 6.2% year over year. The company maintained fiscal 2026 EPS guidance of $3.27–$3.30.
• The company declared a quarterly dividend of $0.53 per share, equivalent to an annualized $2.12 payout and a 2.4% yield. Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $95.76.

Ascentis Wealth Management LLC raised its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 8,603.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 858,071 shares of the company's stock after purchasing an additional 848,212 shares during the quarter. Ascentis Wealth Management LLC's holdings in CocaCola were worth $69,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its stake in CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after acquiring an additional 293 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of CocaCola in the first quarter worth about $210,000. Jump Financial LLC lifted its position in shares of CocaCola by 450.5% during the second quarter. Jump Financial LLC now owns 39,583 shares of the company's stock worth $2,800,000 after purchasing an additional 32,392 shares in the last quarter. Finally, Osterweis Capital Management Inc. lifted its position in shares of CocaCola by 548.2% during the second quarter. Osterweis Capital Management Inc. now owns 1,063 shares of the company's stock worth $75,000 after purchasing an additional 899 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CocaCola

In related news, Chairman James Quincey sold 436,296 shares of the business's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $80.13, for a total value of $34,960,398.48. Following the completion of the transaction, the chairman directly owned 122,833 shares in the company, valued at approximately $9,842,608.29. The trade was a 78.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Sanket Ray sold 9,958 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $86.50, for a total value of $861,367.00. Following the sale, the insider directly owned 62,105 shares of the company's stock, valued at approximately $5,372,082.50. The trade was a 13.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,433,535 shares of company stock worth $121,922,698 over the last three months. Company insiders own 0.90% of the company's stock.

CocaCola Price Performance

Shares of KO stock opened at $88.81 on Wednesday. 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 Company has a 12-month low of $65.35 and a 12-month high of $90.92. The firm has a fifty day moving average of $83.81 and a 200-day moving average of $80.07. The firm has a market capitalization of $382.13 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 3.06 and a beta of 0.33.

CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.04. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The firm had revenue of $13.37 billion for the quarter, compared to analyst estimates of $13.17 billion. During the same period in the previous year, the company posted $0.87 earnings per share. The company's revenue for the quarter was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, equities research analysts forecast that CocaCola Company will post 3.29 earnings per share 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 given a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. CocaCola's dividend payout ratio (DPR) is currently 63.66%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reissued a "neutral" rating and issued a $86.00 price target (up from $82.00) on shares of CocaCola in a report on Tuesday, July 28th. TD Cowen upped their price objective on CocaCola from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. UBS Group set a $104.00 price objective on CocaCola and gave the company a "buy" rating in a research report on Wednesday, July 29th. HSBC cut CocaCola from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Finally, Evercore restated an "outperform" rating and set a $100.00 target price on shares of CocaCola in a research report on Tuesday, July 28th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, CocaCola presently has a consensus rating of "Moderate Buy" and an average target price of $95.76.

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.

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source