Concurrent Investment Advisors LLC Raises Stock Position in CocaCola Company (The) $KO

Key Points

• Concurrent Investment Advisors increased its Coca-Cola stake by 10.4% in the second quarter, adding 39,540 shares to reach 420,729 shares valued at approximately $34.2 million. Institutional investors collectively own 70.26% of the company.
• Coca-Cola exceeded quarterly expectations with earnings of $0.97 per share on $13.37 billion in revenue, while revenue rose 6.2% year over year. Shares opened at $88.86, near the company’s 52-week high of $92.49.
• The company declared a quarterly dividend of $0.53 per share, equivalent to a 2.4% annualized yield. Wall Street maintains a “Moderate Buy” consensus rating with an average price target of $95.76.

Concurrent Investment Advisors LLC grew its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 10.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 420,729 shares of the company's stock after purchasing an additional 39,540 shares during the quarter. Concurrent Investment Advisors LLC's holdings in CocaCola were worth $34,193,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Anfield Capital Management LLC increased its position in shares of CocaCola by 438.8% during the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company's stock valued at $25,000 after buying an additional 294 shares during the period. Louisbourg Investments Inc. bought a new position in CocaCola in the first quarter worth about $25,000. Headlands Technologies LLC bought a new stake in CocaCola during the 2nd quarter valued at approximately $26,000. Evolution Wealth Management Inc. boosted its position in CocaCola by 1,081.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company's stock valued at $27,000 after acquiring an additional 357 shares in the last quarter. Finally, Guardian Partners Inc. purchased a new position in shares of CocaCola during the 2nd quarter worth approximately $27,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman James Quincey sold 381,140 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $90.04, for a total transaction of $34,317,845.60. Following the sale, the chairman directly owned 122,833 shares of the company's stock, valued at approximately $11,059,883.32. This represents a 75.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 Nancy Quan sold 50,000 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the sale, the executive vice president 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. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 1,050,604 shares of company stock valued at $93,022,219. 0.90% of the stock is currently owned by insiders.

CocaCola Stock Performance

Shares of KO opened at $88.86 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The stock has a market cap of $382.32 billion, a P/E ratio of 26.68, a P/E/G ratio of 3.44 and a beta of 0.34. The business's 50 day moving average price is $85.99 and its 200-day moving average price is $81.13. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $92.49.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. The company had revenue of $13.37 billion during 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 firm's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Equities research analysts anticipate that CocaCola Company will post 3.29 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared 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 2.4%. CocaCola's dividend payout ratio (DPR) is presently 63.66%.

Wall Street Analyst Weigh In

KO has been the subject of a number of research analyst reports. Truist Financial set a $88.00 target price on CocaCola in a research note on Friday, June 26th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $93.00 price target on shares of CocaCola in a research note on Wednesday, July 29th. TD Cowen increased their price objective on CocaCola from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Bank of America raised their price objective on CocaCola from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Finally, Argus upped their target price on shares of CocaCola from $91.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.76.

CocaCola Company 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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