Cliftonlarsonallen Wealth Advisors LLC Sells 32,049 Shares of CocaCola Company (The) $KO

Key Points

• Cliftonlarsonallen Wealth Advisors cut its Coca-Cola stake by 36.1%, selling 32,049 shares and retaining 56,746 shares valued at approximately $4.9 million. Institutional investors collectively own 70.26% of KO.
• Coca-Cola insiders sold 926,620 shares worth about $83.1 million over the past three months, including substantial sales by CFO John Murphy and insider Sanket Ray; company insiders retain just 0.90% ownership.
• KO was trading near its 52-week high at $91.78 after quarterly results beat analyst expectations, with revenue up 6.2% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $96.05.

Cliftonlarsonallen Wealth Advisors LLC reduced its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 36.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,746 shares of the company's stock after selling 32,049 shares during the period. Cliftonlarsonallen Wealth Advisors LLC's holdings in CocaCola were worth $4,885,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KO. Bank of America Corp DE lifted its holdings in shares of CocaCola by 4.4% during the second quarter. Bank of America Corp DE now owns 45,958,636 shares of the company's stock valued at $3,735,058,000 after purchasing an additional 1,939,673 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in CocaCola by 0.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,354,414 shares of the company's stock worth $2,954,523,000 after acquiring an additional 162,097 shares in the last quarter. Wellington Management Group LLP lifted its position in CocaCola by 9.2% in the 2nd quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company's stock valued at $2,361,198,000 after acquiring an additional 2,439,026 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of CocaCola by 6.7% during the fourth quarter. Invesco Ltd. now owns 28,520,214 shares of the company's stock valued at $1,993,848,000 after purchasing an additional 1,798,371 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of CocaCola by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 18,822,295 shares of the company's stock valued at $1,431,495,000 after acquiring an additional 235,785 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insiders Place Their Bets

In other CocaCola news, CFO John Murphy sold 152,483 shares of the company's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $87.31, for a total value of $13,313,290.73. Following the sale, the chief financial officer directly owned 279,917 shares of the company's stock, valued at approximately $24,439,553.27. This represents a 35.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 dated 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 in the company, valued at $5,372,082.50. This represents a 13.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 926,620 shares of company stock worth $83,075,714. Company insiders own 0.90% of the company's stock.

CocaCola Price Performance

KO opened at $91.78 on Thursday. The firm has a market capitalization of $394.88 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.32. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. The business's 50-day moving average is $88.24 and its two-hundred day moving average is $83.16. CocaCola Company has a 1 year low of $66.92 and a 1 year high of $92.49.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results 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. CocaCola had a return on equity of 39.38% and a net margin of 28.56%. The business had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. During the same period in the prior year, the firm posted $0.87 earnings per share. The business's quarterly revenue was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Research analysts anticipate that CocaCola Company will post 3.30 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on KO. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $86.00 target price (up from $82.00) on shares of CocaCola in a report on Tuesday, July 28th. CICC Research upped their price target on shares of CocaCola from $85.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, July 30th. Argus increased their price objective on shares of CocaCola from $91.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Weiss Ratings raised shares of CocaCola from a "buy (a-)" rating to a "buy (a+)" rating in a research note on Thursday, October 8th. Finally, DZ Bank reiterated a "buy" rating on shares of CocaCola in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $96.05.

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Relative strength and market resilience: Coca-Cola closed at $91.78 after gaining 1.85% in the latest session, while the market declined. The move reflects continued interest in the company’s defensive consumer-staples profile. Coca-Cola Gains As Market Dips: What You Should Know
• Positive Sentiment: Bullish technical trend: KO recently moved above its 50-day moving average and has outperformed key industry benchmarks, signals that may attract momentum-focused investors. Coca-Cola Stock Breaks Above 50-Day Moving Average
• Positive Sentiment: Fundamental and comparative support: Coca-Cola previously exceeded quarterly earnings and revenue expectations and raised its full-year adjusted earnings guidance. PepsiCo’s decision to lower its outlook amid weak North American volumes further supports KO’s relative positioning among beverage companies. Coca-Cola vs. PepsiCo: Which Dividend King Deserves a Premium Valuation
• Positive Sentiment: Growth opportunity in functional beverages: Reports that Coca-Cola is preparing to compete with Poppi and Olipop point to efforts to capture demand for prebiotic and better-for-you soft drinks. Coca-Cola Has a Gut Feeling It Can Take on Poppi and Olipop
• Neutral Sentiment: Analyst attention and upcoming catalysts: Broker opinions and heavy investor searches are increasing visibility around KO, while investors are watching potential Costa Coffee sale discussions and the company’s October 27 third-quarter earnings release. What Investment Firms Are Saying About Coca-Cola
• Negative Sentiment: Dividend sustainability concern: Coca-Cola’s dividend payments reportedly exceeded free cash flow by billions last year. Although its 63-year record of annual increases remains attractive, elevated payout requirements could limit financial flexibility. Coca-Cola Has Raised Dividends for 63 Years

CocaCola Company Profile

The Coca-Cola Company NYSE: KO is a global beverage company headquartered in Atlanta, Georgia. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and other ready-to-drink products. The company's best-known brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, Powerade, Minute Maid, fairlife, and Georgia Coffee.

Founded in 1886, the company develops, owns, licenses, markets, and distributes beverage brands through a network of bottling partners, distributors, retailers, and food-service operators.

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.