CocaCola Company (The) $KO Stake Lessened by EverSource Wealth Advisors LLC

Key Points

• EverSource Wealth Advisors cut its Coca-Cola stake by 35% in the second quarter, selling 14,225 shares and retaining 26,422 shares valued at approximately $2.15 million. Institutional investors collectively own 70.26% of KO.
• Coca-Cola exceeded quarterly expectations, reporting $0.97 EPS on $13.37 billion in revenue, with revenue up 6.2% year over year. The company declared a $0.53 quarterly dividend, equivalent to a 2.4% annual yield.
• Analysts remain broadly positive, with 15 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $95.76, above the reported share price of $86.99.

EverSource Wealth Advisors LLC lessened its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 35.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,422 shares of the company's stock after selling 14,225 shares during the quarter. EverSource Wealth Advisors LLC's holdings in CocaCola were worth $2,147,000 at the end of the most recent reporting period.

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

CocaCola Trading Down 0.8%

CocaCola stock opened at $86.99 on Tuesday. The company's fifty day simple moving average is $83.66 and its 200-day simple moving average is $79.95. 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 12 month low of $65.35 and a 12 month high of $90.92. The stock has a market cap of $374.28 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.06 and a beta of 0.33.

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 business had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. CocaCola's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, sell-side analysts forecast that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. CocaCola's dividend payout ratio (DPR) is 63.66%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of CocaCola from $91.00 to $93.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. HSBC lowered shares of CocaCola from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Piper Sandler lifted their price target on shares of CocaCola from $88.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Truist Financial set a $88.00 price target on shares of CocaCola in a research report on Friday, June 26th. Finally, Evercore reaffirmed an "outperform" rating and issued a $100.00 price target on shares of CocaCola in a report on Tuesday, July 28th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, CocaCola has an average rating of "Moderate Buy" and an average target price of $95.76.

Insider Activity at CocaCola

In other news, insider Bruno Pietracci sold 75,727 shares of CocaCola stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.65, for a total transaction 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. The trade was a 68.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 23,984 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $83.41, for a total value of $2,000,505.44. Following the completion of the sale, the executive vice president directly owned 157,400 shares of the company's stock, valued at approximately $13,128,734. The trade was a 13.22% 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. Over the last three months, insiders sold 1,433,535 shares of company stock worth $121,922,698. 0.90% of the stock is currently owned by corporate 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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