HB Wealth Management LLC Has $56.19 Million Stock Position in CocaCola Company (The) $KO

Key Points

• HB Wealth Management increased its Coca-Cola stake by 9.9% in the second quarter, bringing its holdings to 691,443 shares worth approximately $56.19 million. Institutional investors collectively own 70.26% of KO.
• Coca-Cola reported quarterly adjusted EPS of $0.97 and revenue of $13.37 billion, beating analyst expectations, while revenue grew 6.2% year over year. The company also maintained a quarterly dividend of $0.53 per share, equivalent to a 2.4% yield.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $95.76, but valuation and insider selling are concerns: insiders sold more than 1.05 million shares worth $93 million over the past 90 days.

HB Wealth Management LLC raised its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 691,443 shares of the company's stock after acquiring an additional 62,337 shares during the quarter. HB Wealth Management LLC's holdings in CocaCola were worth $56,194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Louisbourg Investments Inc. purchased a new position in shares of CocaCola during the first quarter valued at about $25,000. Headlands Technologies LLC bought a new position in CocaCola in the 2nd quarter worth about $26,000. Evolution Wealth Management Inc. grew its holdings in shares of CocaCola by 1,081.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company's stock valued at $27,000 after buying an additional 357 shares during the last quarter. Guardian Partners Inc. purchased a new stake in CocaCola during the 2nd quarter valued at $27,000. Finally, Bard Associates Inc. purchased a new stake in shares of CocaCola during the fourth quarter valued at $30,000. Institutional investors own 70.26% of the company's stock.

Insider Activity at CocaCola

In related news, Chairman James Quincey sold 381,140 shares of the firm's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $90.04, for a total value of $34,317,845.60. Following the completion of the transaction, the chairman owned 122,833 shares in the company, valued at $11,059,883.32. This trade represents a 75.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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, insider Bruno Pietracci sold 111,365 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $90.93, for a total value of $10,126,419.45. Following the completion of the transaction, the insider owned 41,365 shares of the company's stock, valued at approximately $3,761,319.45. The trade was a 72.92% 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. Insiders sold a total of 1,050,604 shares of company stock worth $93,022,219 over the last ninety days. Corporate insiders own 0.90% of the company's stock.

CocaCola Stock Performance

CocaCola stock opened at $88.05 on Friday. 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 company has a market capitalization of $378.84 billion, a PE ratio of 26.44, a P/E/G ratio of 3.43 and a beta of 0.34. The company has a 50 day moving average price of $86.10 and a 200-day moving average price of $81.18. 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 posted its earnings results on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, beating 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%. The company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, equities analysts forecast that CocaCola Company will post 3.29 earnings per share for the current year.

CocaCola Dividend Announcement

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 paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, September 15th. CocaCola's payout ratio is 63.66%.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola remains attractive to income-focused investors after extending its dividend-growth streak to 64 consecutive years. Its global brands and pricing power are viewed as defenses against inflation and a weaker dollar. Safety Stocks Are Not What They Used to Be: 4 Names Built for a Weaker Dollar
• Positive Sentiment: Recent operating momentum remains supportive: second-quarter net revenue increased about 7% to $13.38 billion, organic revenue rose 6%, global unit case volume grew 5%, and comparable operating margin expanded to 35.6%. Management also raised full-year guidance in July. Safety Stocks Are Not What They Used to Be: 4 Names Built for a Weaker Dollar
• Neutral Sentiment: Analysts continue to treat KO as a highly defensive consumer-staples holding, with its stable demand and dividend history compared favorably with PepsiCo. However, the stock’s roughly 26% year-to-date gain has made valuation a more important part of the investment case. PepsiCo vs. Coca-Cola: Which Stock Has the Edge?
• Negative Sentiment: Valuation concerns are becoming more prominent near the stock’s highs. Commentary has cited a forward P/E around 25.7 times, a modest dividend yield, and limited upside relative to several analyst price targets. Investors are also watching potential volume pressure from nutrition-program restrictions. Coca-Cola Stock Opinions on Recent Highs and Valuation Concerns
• Negative Sentiment: Quiver Quantitative data shows 24 insider sales and no insider purchases over the past six months. While such transactions may reflect compensation or diversification, the imbalance can reinforce profit-taking concerns after the strong rally. Coca-Cola Stock Opinions on Recent Highs and Valuation Concerns

Wall Street Analyst Weigh In

KO has been the subject of a number of research reports. Argus boosted their target price on shares of CocaCola from $91.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Bank of America upped their target price on shares of CocaCola from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, July 10th. Barclays increased their price target on shares of CocaCola from $91.00 to $93.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Truist Financial set a $88.00 price target on shares of CocaCola in a research note on Friday, June 26th. Finally, Weiss Ratings raised shares of CocaCola from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $95.76.

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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