CocaCola Company (The) $KO Shares Acquired by Florida Trust Wealth Management Co

Key Points

• Florida Trust Wealth Management increased its Coca-Cola holdings by 11.3% in the second quarter, acquiring 13,139 additional shares for a total position of 129,040 shares valued at approximately $10.5 million. Institutional investors collectively own 70.26% of the company.
• Coca-Cola exceeded quarterly expectations with earnings of $0.97 per share and revenue of $13.37 billion, while revenue rose 6.2% year over year. The company declared a quarterly dividend of $0.53 per share, equivalent to a 2.3% annualized yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $95.76; 15 analysts rate the stock a Buy and three rate it a Hold. Shares recently opened at $90.38, near the reported 52-week high of $90.92.

Florida Trust Wealth Management Co grew its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 11.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,040 shares of the company's stock after acquiring an additional 13,139 shares during the period. Florida Trust Wealth Management Co's holdings in CocaCola were worth $10,487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Everpar Advisors LLC boosted its holdings in CocaCola by 0.9% in the second quarter. Everpar Advisors LLC now owns 14,504 shares of the company's stock valued at $1,179,000 after purchasing an additional 125 shares during the last quarter. Geneos Wealth Management Inc. grew its position in CocaCola by 0.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 40,879 shares of the company's stock worth $3,109,000 after purchasing an additional 129 shares during the period. HORAN Wealth LLC raised its stake in shares of CocaCola by 3.9% during the 1st quarter. HORAN Wealth LLC now owns 3,458 shares of the company's stock valued at $263,000 after buying an additional 130 shares during the last quarter. Wills Financial Group LLC raised its stake in shares of CocaCola by 1.3% during the 1st quarter. Wills Financial Group LLC now owns 10,170 shares of the company's stock valued at $816,000 after buying an additional 133 shares during the last quarter. Finally, Lee Financial Co lifted its holdings in shares of CocaCola by 0.5% in the 2nd quarter. Lee Financial Co now owns 25,177 shares of the company's stock valued at $2,051,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Price Performance

Shares of NYSE KO opened at $90.38 on Thursday. The firm has a 50-day simple moving average of $83.95 and a 200-day simple moving average of $80.19. The stock has a market capitalization of $388.88 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 3.10 and a beta of 0.33. 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 52 week low of $65.35 and a 52 week high of $90.92.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. The firm had revenue of $13.37 billion for the quarter, compared to analyst estimates of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. CocaCola's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, equities analysts predict that CocaCola Company will post 3.29 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola's dividend payout ratio (DPR) is 63.66%.

Analyst Ratings Changes

A number of brokerages have recently commented on KO. Jefferies Financial Group upped their target price on CocaCola from $95.00 to $104.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Truist Financial set a $88.00 price target on CocaCola in a report on Friday, June 26th. Royal Bank Of Canada upped their price objective on CocaCola from $87.00 to $96.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $93.00 price objective on shares of CocaCola in a research note on Wednesday, July 29th. Finally, Barclays lifted their target price on shares of CocaCola from $91.00 to $93.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $95.76.

Insider Buying and Selling at CocaCola

In other news, insider Bruno Pietracci sold 75,727 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $89.65, for a total value of $6,788,925.55. Following the completion of the sale, the insider directly owned 35,393 shares in the company, valued at $3,172,982.45. This represents a 68.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, EVP Jennifer K. Mann sold 100,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $79.46, for a total value of $7,946,000.00. Following the completion of the sale, the executive vice president directly owned 181,384 shares of the company's stock, valued at approximately $14,412,772.64. This represents a 35.54% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders sold 1,433,535 shares of company stock worth $121,922,698. 0.90% of the stock is owned by company insiders.

CocaCola 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.

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