Legacy Wealth Asset Management LLC Boosts Holdings in CocaCola Company (The) $KO

Key Points

• Legacy Wealth Asset Management nearly doubled its Coca-Cola position in the third quarter, increasing holdings by 96.8% to 24,762 shares valued at approximately $2.13 million. Institutional investors collectively own 70.26% of KO.
• Coca-Cola reported quarterly EPS of $0.97 and revenue of $13.37 billion, exceeding estimates, while raising its FY 2026 EPS guidance to $3.27–$3.30. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.95.
• Valuation and insider selling remain key risks: KO trades at about 26.35 times earnings, while executives sold substantial shares through transactions described as covering tax obligations. The stock also offers a $2.12 annualized dividend, yielding approximately 2.4%.

Legacy Wealth Asset Management LLC increased its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 96.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,762 shares of the company's stock after purchasing an additional 12,177 shares during the quarter. Legacy Wealth Asset Management LLC's holdings in CocaCola were worth $2,132,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KO. Louisbourg Investments Inc. bought a new stake in CocaCola during the first quarter worth about $25,000. Guardian Partners Inc. bought a new position in shares of CocaCola in the second quarter valued at approximately $27,000. Horizons Wealth Management bought a new position in shares of CocaCola in the third quarter valued at approximately $31,000. Bard Associates Inc. acquired a new position in shares of CocaCola in the 4th quarter worth approximately $30,000. Finally, Atomic Invest LLC boosted its holdings in shares of CocaCola by 38.7% in the 2nd quarter. Atomic Invest LLC now owns 437 shares of the company's stock worth $36,000 after acquiring an additional 122 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

More CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Strong volume growth and higher outlook support the bullish case. Coca-Cola’s recent results included approximately 5% volume growth, improved pricing and margins, while the company has raised its outlook and exceeded earnings expectations in recent quarters. Its latest reported quarter also beat estimates on both earnings and revenue. Coca-Cola Raises Its Outlook
• Positive Sentiment: Potential earnings growth could drive additional appreciation. One analysis argues that expanding earnings may lift KO toward $100 before 2028, implying further upside if the company delivers on its growth projections and FY 2026 EPS guidance of $3.27–$3.30. Prediction: Earnings Growth Will Push Coca-Cola Stock to $100
• Positive Sentiment: Institutional buying and product innovation add support. Diversified Management more than doubled its KO position in the third quarter, while new zero-sugar, prebiotic and flavored soda offerings could help Coca-Cola respond to changing consumer preferences. Diversified Management Acquires Coca-Cola Shares
• Neutral Sentiment: Costa Coffee may be sold again. Reports that Coca-Cola is exploring a sale of Costa could indicate a portfolio reshaping or a focus on higher-return beverage brands, but deal terms, timing and the effect on earnings remain unclear. Coca-Cola Looks to Sell Costa Coffee
• Negative Sentiment: Valuation leaves less room for disappointment. KO trades around 26 times earnings and above its historical valuation averages. Analysts note that much of the recent volume and execution strength may already be reflected in the share price. Is Coca-Cola’s Safety Premium Getting Too Expensive?
• Negative Sentiment: Some analysts remain cautious. A bearish earnings preview cited elevated valuation and insider selling as reasons to maintain a “Sell” view, potentially weighing on upside despite Coca-Cola’s defensive qualities. Coca-Cola Earnings Preview

Insider Buying and Selling at CocaCola

In other CocaCola news, Chairman James Quincey sold 381,140 shares of the company's 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 transaction, the chairman directly owned 122,833 shares in the company, valued at approximately $11,059,883.32. This represents a 75.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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, CFO John Murphy sold 152,483 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer directly owned 279,917 shares in the company, valued at $24,439,553.27. This trade represents a 35.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 926,620 shares of company stock valued at $83,075,714 over the last ninety days. Company insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KO. CICC Research increased their price target on CocaCola from $85.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, July 30th. Piper Sandler reiterated an "overweight" rating and issued a $95.00 price objective (up from $88.00) on shares of CocaCola in a research report on Wednesday, September 16th. Royal Bank Of Canada boosted their price objective on CocaCola from $87.00 to $96.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Sanford C. Bernstein restated a "market perform" rating and set a $93.00 target price (up from $83.00) on shares of CocaCola in a report on Wednesday, July 29th. Finally, Jefferies Financial Group raised their target price on CocaCola from $95.00 to $104.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.95.

CocaCola Stock Performance

Shares of CocaCola stock opened at $87.73 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a 50 day simple moving average of $88.00 and a 200 day simple moving average of $82.73. CocaCola Company has a fifty-two week low of $66.00 and a fifty-two week high of $92.49. The firm has a market cap of $377.48 billion, a P/E ratio of 26.35, a P/E/G ratio of 3.34 and a beta of 0.32.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Sell-side analysts predict that CocaCola Company will post 3.29 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 15th. CocaCola's dividend payout ratio is 63.66%.

CocaCola Profile

The Coca-Cola Company NYSE: KO is a global beverage company headquartered in Atlanta, Georgia. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and other ready-to-drink products. The company's best-known brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, Powerade, Minute Maid, fairlife, and Georgia Coffee.

Founded in 1886, the company develops, owns, licenses, markets, and distributes beverage brands through a network of bottling partners, distributors, retailers, and food-service operators.

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