Daymark Wealth Partners LLC lifted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 68.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,199 shares of the company's stock after acquiring an additional 88,690 shares during the quarter. Daymark Wealth Partners LLC's holdings in CocaCola were worth $17,733,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in CocaCola during the fourth quarter worth $3,865,807,000. Cardano Risk Management B.V. grew its holdings in CocaCola by 867.2% in the fourth quarter. Cardano Risk Management B.V. now owns 14,432,190 shares of the company's stock valued at $1,008,954,000 after purchasing an additional 12,939,959 shares during the last quarter. Marshall Wace LLP increased its position in shares of CocaCola by 1,206.9% in the fourth quarter. Marshall Wace LLP now owns 10,641,007 shares of the company's stock valued at $743,913,000 after buying an additional 9,826,768 shares in the last quarter. Bank of America Corp DE increased its position in shares of CocaCola by 29.2% in the fourth quarter. Bank of America Corp DE now owns 40,182,323 shares of the company's stock valued at $2,809,146,000 after buying an additional 9,078,447 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of CocaCola by 98.7% during the 4th quarter. Capital World Investors now owns 12,573,527 shares of the company's stock worth $879,015,000 after buying an additional 6,246,627 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.
Insider Buying and Selling at CocaCola
In other news, insider Bruno Pietracci sold 111,365 shares of CocaCola stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $90.93, for a total value of $10,126,419.45. Following the completion of the sale, the insider owned 41,365 shares of the company's stock, valued at $3,761,319.45. The trade was a 72.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John Murphy sold 152,483 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $87.31, for a total value of $13,313,290.73. Following the transaction, the chief financial officer owned 279,917 shares in the company, valued at $24,439,553.27. This trade represents a 35.26% 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. Over the last ninety days, insiders have sold 1,594,900 shares of company stock valued at $136,568,617. 0.90% of the stock is currently owned by insiders.
More CocaCola News
Here are the key news stories impacting CocaCola this week:
- Positive Sentiment: Coca-Cola ranked among the leading consumer-staples companies for growth, reinforcing confidence in its ability to expand despite a relatively mature market. Coca-Cola leads consumer staples growth rankings
- Positive Sentiment: Analysts noted that Coca-Cola is adapting to changing consumer health preferences through flagship brands, product diversification and innovation across more beverage occasions. This may help protect long-term sales as consumers reduce consumption of traditional sugary drinks. Coca-Cola Faces Consumer Health Trend Shifts
- Positive Sentiment: Coca-Cola continues to attract attention as a potential long-term dividend compounder, appealing to investors seeking dependable income and stability amid a market environment that has favored speculation. 3 Dividend Stocks to Buy Before August Ends
- Neutral Sentiment: Executive Bruno Pietracci sold 111,365 KO shares for approximately $10.1 million, reducing his position by about 73%. The filing said the sale covered tax-withholding obligations tied to vested equity awards, making it less concerning than a discretionary sale but still a potential short-term sentiment overhang. Top Coca-Cola Executive Makes a Major Move
- Negative Sentiment: Valuation analysis suggests KO is closer to fairly valued than clearly undervalued. Its discounted-cash-flow estimate is near the current market price, while earnings multiples appear expensive after an 88% five-year return, potentially limiting upside for new buyers. Coca-Cola Stock Looks Cheap on Cash Flow but Pricey on Earnings
Wall Street Analysts Forecast Growth
KO has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of CocaCola from $90.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $90.00 to $96.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Weiss Ratings restated a "buy (b+)" rating on shares of CocaCola in a research report on Friday, July 31st. Citigroup upped their price target on shares of CocaCola from $97.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Finally, Jefferies Financial Group increased their price target on shares of CocaCola from $95.00 to $104.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.76.
Check Out Our Latest Stock Report on KO
CocaCola Stock Performance
NYSE:KO opened at $91.94 on Tuesday. 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 firm has a market cap of $395.59 billion, a PE ratio of 27.61, a P/E/G ratio of 3.18 and a beta of 0.33. The firm has a 50 day simple moving average of $84.49 and a 200-day simple moving average of $80.51. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $92.49.
CocaCola (NYSE:KO - Get Free Report) last announced its 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. 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 revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, equities analysts expect that CocaCola Company will post 3.29 EPS for the current year.
CocaCola Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.53 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.3%. CocaCola's dividend payout ratio (DPR) is 63.66%.
CocaCola Company Profile
(
Free Report)
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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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.
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