Coca-Cola Company (The) $KO Stock Bought by Alps Advisors Inc.

Key Points

• Alps Advisors increased its Coca-Cola stake by 6.2% in the third quarter, adding 14,856 shares to own 254,386 shares valued at about $21.9 million. Other institutions also raised holdings, and institutional investors collectively own 70.26% of the stock.
• Coca-Cola beat quarterly estimates, reporting EPS of $0.91 versus $0.88 expected and revenue of $13.35 billion versus $12.92 billion; revenue grew 7.2% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with a $97.26 average target price. The company declared a $0.53 quarterly dividend, equivalent to $2.12 annually and a 2.2% yield.

Alps Advisors Inc. grew its holdings in shares of Coca-Cola Company (The) (NYSE:KO - Free Report) by 6.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 254,386 shares of the company's stock after acquiring an additional 14,856 shares during the period. Alps Advisors Inc.'s holdings in Coca-Cola were worth $21,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC boosted its holdings in Coca-Cola by 6.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 101,088 shares of the company's stock worth $8,702,000 after purchasing an additional 5,749 shares during the period. Providence First Trust Co increased its stake in Coca-Cola by 52.9% during the third quarter. Providence First Trust Co now owns 18,303 shares of the company's stock valued at $1,576,000 after purchasing an additional 6,331 shares during the last quarter. Asset One Wealth Management LLC raised its holdings in shares of Coca-Cola by 33.5% during the third quarter. Asset One Wealth Management LLC now owns 6,938 shares of the company's stock worth $597,000 after purchasing an additional 1,741 shares during the period. Heritage Family Offices LLP raised its holdings in shares of Coca-Cola by 16.3% during the third quarter. Heritage Family Offices LLP now owns 3,336 shares of the company's stock worth $287,000 after purchasing an additional 468 shares during the period. Finally, Waldron Private Wealth LLC raised its holdings in shares of Coca-Cola by 0.6% during the third quarter. Waldron Private Wealth LLC now owns 38,527 shares of the company's stock worth $3,337,000 after purchasing an additional 233 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

More Coca-Cola News

Here are the key news stories impacting Coca-Cola this week:

• Positive Sentiment: Coca-Cola shares reportedly reached a record high as investors sought defensive stocks amid a market downturn. Its established brands and dividend income may be attracting buyers looking for more resilient businesses. Coca-Cola Stock Hits Record High as Market Crashes
• Positive Sentiment: Recent articles point to Coca-Cola’s shelf presence, distribution reach and consumer habits as sources of a durable competitive advantage. The company’s ability to raise prices while still growing volume supports the long-term investment case. Coca-Cola Stock Is a Buy Thanks to Shelf Space and Habits
• Positive Sentiment: Investors are also focusing on the company’s 64 consecutive years of dividend increases. Its latest quarterly results beat estimates, with revenue up year over year, and coverage says the company raised its outlook and dividend—supporting its earnings and income appeal. Coca-Cola Earnings Beat Lifts Guidance and Dividend
• Positive Sentiment: Margin expansion despite higher marketing spending, supported by productivity gains and disciplined pricing, suggests Coca-Cola is balancing investment with profitability. Can Coca-Cola Keep Expanding Margins While Investing More?
• Neutral Sentiment: Executive Beatriz Perez sold 67,548 shares, but the reported sale was to cover tax withholding on vested equity awards, making it a limited signal about her view of the business. Coca-Cola EVP Share Sale
• Negative Sentiment: After a strong run this year and a move to record levels, valuation may constrain further gains; one dividend-focused article suggests prospective investors consider waiting before buying. Coca-Cola’s Dividend Record and Valuation

Wall Street Analyst Weigh In

Several research firms have recently commented on KO. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Coca-Cola from $92.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Rothschild & Co Redburn increased their price objective on shares of Coca-Cola from $86.00 to $92.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Sanford C. Bernstein reissued a "market perform" rating and issued a $93.00 target price (up from $83.00) on shares of Coca-Cola in a report on Wednesday, July 29th. HSBC lifted their target price on Coca-Cola from $90.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group lifted their target price on Coca-Cola from $95.00 to $104.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Coca-Cola has an average rating of "Moderate Buy" and a consensus target price of $97.26.

Coca-Cola Trading Down 0.0%

Coca-Cola stock opened at $95.69 on Friday. Coca-Cola Company has a 52-week low of $67.27 and a 52-week high of $97.39. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $411.63 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 3.73 and a beta of 0.28. The firm has a 50-day moving average price of $89.96 and a two-hundred day moving average price of $82.69.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $13.35 billion for the quarter, compared to analyst estimates of $12.92 billion. Coca-Cola had a net margin of 28.65% and a return on equity of 38.79%. Coca-Cola's revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 earnings per share. Sell-side analysts expect that Coca-Cola Company will post 3.34 earnings per share for the current year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.12 annualized dividend and a yield of 2.2%. Coca-Cola's payout ratio is presently 62.35%.

Insiders Place Their Bets

In other news, insider Sanket Ray sold 9,958 shares of the stock in a transaction 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 completion of the transaction, the insider owned 62,105 shares of the company's stock, valued at approximately $5,372,082.50. This represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Nancy Quan sold 50,000 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total value of $4,519,500.00. Following the transaction, the executive vice president directly owned 223,330 shares in the company, valued at $20,186,798.70. This trade represents a 18.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 238,871 shares of company stock worth $21,918,267 over the last 90 days. Insiders own 0.90% of the company's stock.

Coca-Cola Profile

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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