Convergence Investment Partners LLC Acquires 15,549 Shares of CocaCola Company (The) $KO

Key Points

• Convergence Investment Partners increased its Coca-Cola holdings by 342.3% in the second quarter, adding 15,549 shares to own 20,092 shares valued at approximately $1.63 million. Institutional investors collectively own 70.26% of KO.
• Coca-Cola exceeded quarterly expectations, reporting $0.97 EPS and $13.37 billion in revenue, with revenue up 6.2% year over year. Analysts maintain a “Moderate Buy” consensus rating and a $95.76 average price target.
• The company declared a quarterly dividend of $0.53, equivalent to $2.12 annually and a 2.3% yield. Meanwhile, insiders sold shares primarily to cover tax withholding on vested equity awards, including more than $126 million in sales over the past three months.

Convergence Investment Partners LLC raised its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 342.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,092 shares of the company's stock after purchasing an additional 15,549 shares during the period. Convergence Investment Partners LLC's holdings in CocaCola were worth $1,633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KO. Anfield Capital Management LLC lifted its holdings 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 purchasing an additional 294 shares in the last quarter. Louisbourg Investments Inc. bought a new stake in CocaCola in the 1st quarter worth about $25,000. Headlands Technologies LLC bought a new stake in CocaCola in the 2nd quarter worth about $26,000. Evolution Wealth Management Inc. raised its position in CocaCola by 1,081.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company's stock worth $27,000 after buying an additional 357 shares during the last quarter. Finally, Guardian Partners Inc. purchased a new position in CocaCola in the 2nd quarter worth about $27,000. Institutional investors own 70.26% of the company's stock.

Insider Activity at CocaCola

In related news, CFO John Murphy sold 152,483 shares of the business's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $87.31, for a total transaction of $13,313,290.73. Following the completion of the sale, the chief financial officer directly owned 279,917 shares in the company, valued at approximately $24,439,553.27. The trade was a 35.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Bruno Pietracci sold 75,727 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $89.65, for a total transaction of $6,788,925.55. Following the sale, the insider directly owned 35,393 shares of the company's stock, valued at approximately $3,172,982.45. This represents a 68.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold a total of 1,483,535 shares of company stock valued at $126,442,198 in the last three months. Corporate insiders own 0.90% of the company's stock.

Key CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analyst coverage remains generally supportive, with brokers highlighting Coca-Cola as an investment candidate. Recent quarterly results also exceeded expectations, with earnings and revenue above consensus and revenue growth of 6.2% year over year. Brokers Suggest Investing in Coca-Cola
• Positive Sentiment: Investors have been seeking established, lower-volatility companies, helping Coca-Cola reach an all-time high and break above $90 for the first time. Its strong brand portfolio and defensive characteristics may be attractive amid market uncertainty. Coca-Cola Hits All-Time High
• Positive Sentiment: Coca-Cola’s long dividend record continues to support its appeal to income-focused investors. Berkshire Hathaway reportedly receives approximately $848 million annually from its Coca-Cola holdings, underscoring the scale and consistency of the payout. Dividend King Pays Berkshire
• Neutral Sentiment: Coverage is also examining Coca-Cola’s cash flow and dividend sustainability as interest rates and bond yields rise. Higher yields could increase the relative appeal of fixed-income investments, although Coca-Cola’s recurring cash generation remains central to its income-investor case. Coca-Cola Cash Flow as Yields Rise
• Negative Sentiment: Executive Vice President Nancy Quan sold 50,000 shares worth about $4.5 million. The filing states the sale covered tax withholding tied to vested equity awards, reducing its negative signaling value, though it may create modest near-term selling pressure.

Wall Street Analyst Weigh In

Several research firms have issued reports on KO. Jefferies Financial Group upped their target price on shares of CocaCola from $95.00 to $104.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. 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 note on Wednesday, July 29th. Morgan Stanley reissued an "overweight" rating and set a $100.00 price objective (up from $89.00) on shares of CocaCola in a report on Wednesday, July 29th. Argus increased their price objective on shares of CocaCola from $91.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $93.00 target price on shares of CocaCola in a report on Wednesday, July 29th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, CocaCola currently has an average rating of "Moderate Buy" and a consensus price target of $95.76.

CocaCola Stock Down 0.2%

KO stock opened at $90.91 on Monday. The company has a market cap of $391.14 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 3.18 and a beta of 0.33. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.30. The business's 50-day moving average is $84.27 and its two-hundred day moving average is $80.41. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $91.86.

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, beating analysts' consensus estimates of $0.93 by $0.04. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The business had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $13.17 billion. During the same period in the previous year, the company posted $0.87 EPS. The business's quarterly revenue was up 6.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, analysts forecast that CocaCola Company will post 3.29 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.53 dividend. 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 2.3%. CocaCola's dividend payout ratio (DPR) is presently 63.66%.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source