Knights of Columbus Asset Advisors LLC Acquires 98,808 Shares of CocaCola Company (The) $KO

Knights of Columbus Asset Advisors LLC increased its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 156.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,150 shares of the company's stock after purchasing an additional 98,808 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in CocaCola were worth $13,178,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KO. Eurizon SLJ Capital Ltd bought a new position in CocaCola in the 4th quarter valued at $552,000. Banco Santander S.A. raised its stake in shares of CocaCola by 3.1% during 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 period. King Luther Capital Management Corp raised its stake in shares of CocaCola by 0.8% during 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 during the period. Cibc World Market Inc. boosted its holdings in shares of 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 buying an additional 79,946 shares during the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of CocaCola in the 4th quarter worth about $1,544,000. 70.26% of the stock is currently owned by institutional investors.

CocaCola Trading Up 0.9%

NYSE KO opened at $91.94 on Tuesday. The stock's 50-day simple moving average is $84.49 and its two-hundred day simple moving average is $80.51. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $92.49. 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 company has a market capitalization of $395.59 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 3.18 and a beta of 0.33.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The firm had revenue of $13.37 billion during the quarter, compared to analyst estimates of $13.17 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company's 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. Research analysts forecast that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company 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 $0.53 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. CocaCola's payout ratio is presently 63.66%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KO shares. Wells Fargo & Company upped their price target on shares of CocaCola from $90.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. TD Cowen upped their target price on CocaCola from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Truist Financial set a $88.00 price target on CocaCola in a research report on Friday, June 26th. JPMorgan Chase & Co. upped their price objective on shares of CocaCola from $90.00 to $96.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group raised 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. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $95.76.

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 Buying and Selling

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 stock was sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the sale, the insider owned 62,105 shares of the company's stock, valued at $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 available 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 shares were sold at an average price of $90.09, for a total transaction of $13,148,365.23. Following 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 have sold a total of 1,594,900 shares of company stock worth $136,568,617 over the last ninety days. Corporate insiders own 0.90% of the company's stock.

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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