Elevate Capital Advisors LLC Lowers Stock Position in CocaCola Company (The) $KO

Elevate Capital Advisors LLC lessened its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 45.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,902 shares of the company's stock after selling 15,102 shares during the period. Elevate Capital Advisors LLC's holdings in CocaCola were worth $1,455,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Eurizon SLJ Capital Ltd purchased a new stake in shares of CocaCola in the fourth quarter worth $552,000. Banco Santander S.A. raised its position in shares of CocaCola by 3.1% in the 2nd quarter. Banco Santander S.A. now owns 1,090,758 shares of the company's stock worth $88,646,000 after purchasing an additional 32,723 shares during the last quarter. King Luther Capital Management Corp boosted its stake in CocaCola by 0.8% in the 4th quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company's stock worth $269,330,000 after purchasing an additional 31,694 shares in the last quarter. Cibc World Market Inc. boosted its stake in CocaCola by 4.8% in the 4th quarter. Cibc World Market Inc. now owns 1,759,546 shares of the company's stock worth $123,010,000 after purchasing an additional 79,946 shares in the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new stake in CocaCola during the 4th quarter valued at about $1,544,000. 70.26% of the stock is owned by institutional investors.

Trending Headlines about CocaCola

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

Insider Activity at CocaCola

In other CocaCola news, insider Sanket Ray sold 9,958 shares of the company's stock in a transaction that occurred 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 sale, the insider directly owned 62,105 shares of the company's stock, valued at approximately $5,372,082.50. This represents a 13.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman James Quincey sold 145,947 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $90.09, for a total transaction of $13,148,365.23. Following the completion of the transaction, the chairman owned 122,833 shares in the company, valued at $11,066,024.97. The trade was a 54.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 1,594,900 shares of company stock valued at $136,568,617 in the last three months. Corporate insiders own 0.90% of the company's stock.

CocaCola Stock Up 0.9%

KO stock opened at $91.94 on Tuesday. The company has a market cap of $395.59 billion, a price-to-earnings ratio of 27.61, 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 $84.49 and its two-hundred day moving average is $80.51. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $92.49.

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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 15th. CocaCola's payout ratio is 63.66%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of CocaCola from $97.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Wells Fargo & Company lifted their target price on CocaCola from $90.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Royal Bank Of Canada boosted their price target on CocaCola from $87.00 to $96.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Argus increased their price objective on CocaCola from $91.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Barclays boosted their target price on CocaCola from $91.00 to $93.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $95.76.

About CocaCola

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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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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