Coca-Cola Company (The) $KO Stock Holdings Lifted by Elite Wealth Management Inc.

Key Points

• Elite Wealth Management increased its Coca-Cola stake by 159.1% in the third quarter, adding 34,074 shares to hold 55,485 shares worth about $4.78 million.
• Coca-Cola beat quarterly estimates, reporting EPS of $0.91 versus $0.88 expected and revenue of $13.35 billion, up 7.2% year over year. It also declared a quarterly dividend of $0.53 per share.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $97.26; 21 analysts rated the stock Buy or Strong Buy and three rated it Hold.

Elite Wealth Management Inc. grew its holdings in shares of Coca-Cola Company (The) (NYSE:KO - Free Report) by 159.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,485 shares of the company's stock after acquiring an additional 34,074 shares during the quarter. Coca-Cola accounts for approximately 0.9% of Elite Wealth Management Inc.'s holdings, making the stock its 29th biggest holding. Elite Wealth Management Inc.'s holdings in Coca-Cola were worth $4,776,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Guardian Partners Inc. purchased a new position in Coca-Cola in the 2nd quarter worth $27,000. Horizons Wealth Management purchased a new stake in Coca-Cola during the third quarter valued at about $31,000. Atomic Invest LLC boosted its position in Coca-Cola by 38.7% during the second quarter. Atomic Invest LLC now owns 437 shares of the company's stock valued at $36,000 after buying an additional 122 shares during the period. Putney Financial Group LLC bought a new position in shares of Coca-Cola during the third quarter valued at about $43,000. Finally, Timbuktu Capital Management LLC purchased a new position in shares of Coca-Cola in the second quarter worth about $41,000. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Price Performance

Shares of KO stock opened at $95.69 on Monday. The firm has a market cap of $411.63 billion, a P/E ratio of 28.14, a P/E/G ratio of 3.73 and a beta of 0.28. Coca-Cola Company has a fifty-two week low of $67.27 and a fifty-two week high of $97.39. The business's 50 day moving average price is $89.96 and its 200-day moving average price is $82.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.19 and a current ratio of 1.38.

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

Coca-Cola Dividend Announcement

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

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Beatriz Perez sold 67,548 shares of the company's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $94.91, for a total value of $6,410,980.68. Following the completion of the transaction, the executive vice president directly owned 160,428 shares in the company, valued at approximately $15,226,221.48. This represents a 29.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 50,000 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the completion of the sale, the executive vice president directly owned 223,330 shares of the company's stock, valued at approximately $20,186,798.70. This represents a 18.29% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 228,913 shares of company stock valued at $21,056,900. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KO shares. JPMorgan Chase & Co. boosted their target price on Coca-Cola from $95.00 to $98.00 and gave the company an "overweight" rating in a research note on Wednesday, October 28th. Citigroup raised their price target on Coca-Cola from $102.00 to $103.00 and gave the stock a "buy" rating in a research report on Wednesday, October 28th. Morgan Stanley lifted their price target on Coca-Cola from $100.00 to $103.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 28th. Daiwa Securities Group increased their price objective on Coca-Cola from $83.00 to $93.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Finally, Weiss Ratings downgraded shares of Coca-Cola from a "buy (a+)" rating to a "buy (a)" rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Coca-Cola presently has a consensus rating of "Moderate Buy" and an average target price of $97.26.

Key Stories Impacting Coca-Cola

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

Coca-Cola Company 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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