CocaCola Company (The) $KO Stock Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its Coca-Cola position by 67% in the third quarter, selling 120,693 shares and retaining 59,375 shares valued at approximately $5.1 million. Institutional investors collectively own 70.26% of KO.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $96.27. Recent targets range from $95 to $104, above the reported share price of $92.66.
• Coca-Cola exceeded quarterly expectations with $0.97 EPS and $13.37 billion in revenue, while declaring a $0.53 quarterly dividend, equivalent to a 2.3% yield. However, valuation concerns and the stock’s gains near its 52-week high could increase downside risk if upcoming earnings or guidance disappoint.

Axxcess Wealth Management LLC lowered its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 67.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,375 shares of the company's stock after selling 120,693 shares during the period. Axxcess Wealth Management LLC's holdings in CocaCola were worth $5,111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of CocaCola by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 45,958,636 shares of the company's stock valued at $3,735,058,000 after buying an additional 1,939,673 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of CocaCola by 0.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,354,414 shares of the company's stock valued at $2,954,523,000 after buying an additional 162,097 shares during the last quarter. Wellington Management Group LLP grew its position in shares of CocaCola by 9.2% in the 2nd quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company's stock valued at $2,361,198,000 after buying an additional 2,439,026 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of CocaCola by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 18,822,295 shares of the company's stock valued at $1,431,495,000 after buying an additional 235,785 shares during the last quarter. Finally, Fayez Sarofim & Co raised its stake in CocaCola by 0.7% during the 2nd quarter. Fayez Sarofim & Co now owns 15,272,831 shares of the company's stock worth $1,241,223,000 after acquiring an additional 113,599 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Evercore reissued an "outperform" rating and issued a $100.00 price target (up from $88.00) on shares of CocaCola in a research report on Tuesday, July 28th. Piper Sandler restated an "overweight" rating and issued a $95.00 price objective (up from $88.00) on shares of CocaCola in a research note on Wednesday, September 16th. CICC Research raised their price objective on CocaCola from $85.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Jefferies Financial Group lifted their target price on CocaCola from $95.00 to $104.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Finally, Barclays lifted their target price on CocaCola from $93.00 to $98.00 and gave the stock an "overweight" rating in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $96.27.

CocaCola Price Performance

Shares of NYSE:KO opened at $92.66 on Thursday. CocaCola Company has a one year low of $67.27 and a one year high of $94.10. The stock has a market capitalization of $398.66 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 3.64 and a beta of 0.32. The company has a 50-day simple moving average of $88.86 and a 200-day simple moving average of $83.75. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.30.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly 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 return on equity of 39.38% and a net margin of 28.56%. The business's revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, analysts predict that CocaCola Company will post 3.30 EPS for the current year.

CocaCola Announces Dividend

The business 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 $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, December 1st. CocaCola's dividend payout ratio (DPR) is 63.66%.

Insiders Place Their Bets

In related news, EVP Nancy Quan sold 50,000 shares of the stock in a transaction on 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 $20,186,798.70. This trade represents a 18.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanket Ray sold 9,958 shares of CocaCola stock in a transaction on Monday, August 10th. The shares were sold at an average price of $86.50, for a total transaction of $861,367.00. Following the completion of the transaction, the insider owned 62,105 shares in the company, valued at approximately $5,372,082.50. This trade represents a 13.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 926,620 shares of company stock valued at $83,075,714. 0.90% of the stock is owned by company insiders.

More CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: KFC plans to replace PepsiCo beverages with Coca-Cola products at its U.S. restaurants beginning in January. The agreement could provide incremental sales volume and improve Coca-Cola’s restaurant-channel presence. KFC swaps Pepsi for Coca-Cola
• Positive Sentiment: Recent growth has been supported more by higher beverage volumes than by price increases, suggesting Coca-Cola is gaining consumer demand rather than relying solely on pricing. Analysts and commentators expect the company’s global distribution strategy and beverage portfolio to support further growth. Coca-Cola growth outlook
• Positive Sentiment: Wells Fargo and UBS reiterated Buy ratings, reinforcing the bullish analyst view. Coca-Cola’s defensive profile, reliable cash generation and 64 consecutive years of dividend increases also make it attractive while interest rates remain elevated. Wells Fargo Buy rating
• Neutral Sentiment: Investors are focused on the October 27 earnings release. Coca-Cola’s previous quarter exceeded expectations, with $0.97 in adjusted earnings per share and $13.37 billion in revenue, but the upcoming report must validate expectations for continued earnings growth.
• Negative Sentiment: Valuation is a key concern: KO trades at roughly 28 times earnings after rising about 35%–40% this year, while its dividend yield has fallen to approximately 2.2%. Profit-taking or disappointment in guidance could pressure the stock near its 52-week high. Coca-Cola valuation analysis
• Negative Sentiment: One earnings preview argues that Coca-Cola may not have the strongest setup for another consensus beat, creating a near-term risk if results or guidance fall short of elevated investor expectations. Coca-Cola earnings preview

About CocaCola

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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