NEOS Investment Management LLC Boosts Stock Position in CocaCola Company (The) $KO

Key Points

• NEOS Investment Management increased its Coca-Cola stake by 11.6% in the second quarter, bringing its holdings to 633,541 shares valued at approximately $51.5 million. Institutional investors and hedge funds collectively own 70.26% of KO.
• Analysts remain positive, with 15 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $95.76. Coca-Cola also exceeded quarterly estimates, reporting $0.97 in EPS and $13.37 billion in revenue, up 6.2% year over year.
• Coca-Cola declared a quarterly dividend of $0.53 per share, or $2.12 annualized, representing a 2.4% yield. Meanwhile, insiders sold 1.05 million shares worth roughly $93 million over the past 90 days, primarily through pre-arranged plans to cover tax obligations.

NEOS Investment Management LLC boosted its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 11.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 633,541 shares of the company's stock after buying an additional 66,021 shares during the quarter. NEOS Investment Management LLC's holdings in CocaCola were worth $51,488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KO. Eurizon SLJ Capital Ltd purchased a new position in CocaCola in the fourth quarter valued at $552,000. Banco Santander S.A. boosted 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 acquiring an additional 32,723 shares in the last quarter. King Luther Capital Management Corp grew its position 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 valued at $269,330,000 after acquiring an additional 31,694 shares during the period. Daymark Wealth Partners LLC increased its stake in shares of CocaCola by 68.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 218,199 shares of the company's stock valued at $17,733,000 after purchasing an additional 88,690 shares in the last quarter. Finally, Cibc World Market Inc. increased its stake 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 valued at $123,010,000 after purchasing an additional 79,946 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Evercore reiterated an "outperform" rating and set a $100.00 price objective on shares of CocaCola in a research note on Tuesday, July 28th. JPMorgan Chase & Co. raised their target price on CocaCola from $90.00 to $96.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Jefferies Financial Group lifted their price target on CocaCola from $95.00 to $104.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Truist Financial set a $88.00 price objective on CocaCola in a research note on Friday, June 26th. Finally, TD Cowen raised their price objective on CocaCola from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $95.76.

Insider Transactions at CocaCola

In related news, Chairman James Quincey sold 381,140 shares of the stock in a transaction that occurred 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 directly owned 122,833 shares in the company, valued at approximately $11,059,883.32. This represents a 75.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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, EVP Jennifer Mann sold 100,000 shares of the firm's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $79.46, for a total value of $7,946,000.00. Following the sale, the executive vice president directly owned 181,384 shares of the company's stock, valued at approximately $14,412,772.64. This trade represents a 35.54% decrease in their position. 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 a total of 1,050,604 shares of company stock valued at $93,022,219 in the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

CocaCola Price Performance

CocaCola stock opened at $88.86 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average price of $85.99 and a 200 day moving average price of $81.13. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $92.49. The stock has a market cap of $382.32 billion, a P/E ratio of 26.68, a PEG ratio of 3.44 and a beta of 0.34.

CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share 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 company had revenue of $13.37 billion for the quarter, compared to analyst estimates of $13.17 billion. During the same period in the previous year, the business posted $0.87 EPS. CocaCola's revenue was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Sell-side analysts anticipate that CocaCola Company will post 3.29 earnings per share for the current year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders 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 dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola's payout ratio is presently 63.66%.

CocaCola Company 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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