Leonteq Securities AG Lowers Holdings in CocaCola Company (The) $KO

Key Points

• Leonteq Securities AG cut its Coca-Cola stake by 55.1% in the second quarter, selling 14,168 shares and retaining 11,534 shares valued at approximately $937,000.
• Coca-Cola reported stronger-than-expected quarterly results, with EPS of $0.97 and revenue of $13.37 billion, up 6.2% year over year. The company also declared a quarterly dividend of $0.53 per share, equivalent to a 2.4% annualized yield.
• Analyst sentiment remains positive, with 15 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $95.76, above the reported share price of $88.81.

Leonteq Securities AG reduced its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 55.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,534 shares of the company's stock after selling 14,168 shares during the quarter. Leonteq Securities AG's holdings in CocaCola were worth $937,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of CocaCola by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 374,771,512 shares of the company's stock worth $26,200,276,000 after buying an additional 5,886,352 shares in the last quarter. State Street Corp raised its holdings in shares of CocaCola by 1.2% in the fourth quarter. State Street Corp now owns 167,850,330 shares of the company's stock valued at $11,734,417,000 after acquiring an additional 1,992,327 shares in the last quarter. Geode Capital Management LLC lifted its stake in CocaCola by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 89,984,203 shares of the company's stock worth $6,273,037,000 after acquiring an additional 433,547 shares during the period. Norges Bank purchased a new stake in CocaCola in the fourth quarter worth about $3,865,807,000. Finally, Bank of America Corp DE grew its holdings in CocaCola by 9.5% during the 1st quarter. Bank of America Corp DE now owns 44,018,963 shares of the company's stock worth $3,347,642,000 after acquiring an additional 3,836,640 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

CocaCola Stock Performance

Shares of CocaCola stock opened at $88.81 on Wednesday. The company has a market capitalization of $382.13 billion, a PE ratio of 26.67, a P/E/G ratio of 3.06 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 company has a 50-day simple moving average of $83.81 and a two-hundred day simple moving average of $80.07. CocaCola Company has a one year low of $65.35 and a one year high of $90.92.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business had revenue of $13.37 billion during the quarter, compared to analyst estimates of $13.17 billion. During the same period in the prior year, the firm posted $0.87 earnings per share. The company's quarterly revenue was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Research analysts expect that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given 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 2.4%. CocaCola's dividend payout ratio (DPR) is presently 63.66%.

Insider Activity

In related news, insider Sanket Ray sold 9,958 shares of CocaCola stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the sale, the insider directly owned 62,105 shares in the company, valued at $5,372,082.50. This trade represents a 13.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruno Pietracci sold 75,727 shares of the business's stock in a transaction 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 in the company, valued at $3,172,982.45. This trade represents a 68.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 1,433,535 shares of company stock worth $121,922,698 over the last quarter. Company insiders own 0.90% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on KO shares. Evercore reissued an "outperform" rating and set a $100.00 target price on shares of CocaCola in a research report on Tuesday, July 28th. Barclays upped 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. Citigroup increased their price objective on shares of CocaCola from $97.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Jefferies Financial Group boosted their price objective on shares of CocaCola from $95.00 to $104.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $86.00 target price (up from $82.00) on shares of CocaCola in a report on Tuesday, July 28th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, CocaCola has a consensus rating of "Moderate Buy" and a consensus target price 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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